India-UAE CEPA pushes trade to $37.6 billion in H1 2025
Dubai: The UAE-India Business Council – UAE Chapter (UIBC-UC) has released a landmark study highlighting the sweeping impact of the Comprehensive Economic Partnership Agreement (CEPA) on bilateral trade and investment.
According to the report, covered by Gulf News, non-oil bilateral trade between India and the UAE touched US$37.6 billion in the first half of 2025, marking a 33.9% increase compared to the same period in 2024.
The study, titled “Strength in Synergy: Unlocking India-UAE CEPA Global Potential,” was launched following a closed-door meeting in Dubai attended by Piyush Goyal, India’s Commerce and Industry Minister, and Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, alongside senior business leaders.
Gulf News reported that CEPA has broadened opportunities in sectors such as gems and jewellery, food processing, telecom, green energy, and digital services. New growth avenues are also emerging in artificial intelligence, space technology, sustainability, and financial integration, making the agreement far more than a conventional trade deal.
The report also stresses the UAE’s role as a preferred hub for Indian high-net-worth individuals and family offices, fostering joint ventures and deepening economic alignment.
Faizal Kottikollon, Chairman of UIBC-UC, described CEPA as a “blueprint for the future.” He said the pact demonstrates how political will and shared vision can build a resilient model of cross-regional cooperation and innovation-led growth.
As Gulf News highlighted, the study recommends enhanced collaboration in clean energy, digital integration, education, research ecosystems, and human capital development, while positioning CEPA within global platforms like BRICS, G20, and the India-Middle East-Europe Economic Corridor (IMEEC).
The UIBC-UC paper, reported by Gulf News, concludes that CEPA is not just strengthening trade but also reshaping the long-term strategic and economic partnership between the two nations.
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ED attaches fresh assets in PMLA case against Reliance Group; total attachment over Rs 10K cr
New Delhi (PTI): The Enforcement Directorate has attached fresh assets worth Rs 1,120 crore as part of its money laundering probe against the companies of Reliance Group chairman Anil Ambani, officials said.
Eighteen properties, including the Reliance Centre in Mumbai's Ballard Estate, fixed deposits, bank balance and shareholding in unqouted investments of Reliance Anil Ambani Group have been provisionally attached under the Prevention of Money Laundering Act (PMLA), they said.
Another set of seven properties of Reliance Infrastructure Ltd, two properties of Reliance Power Ltd, nine properties of Reliance Value Service Private Ltd, fixed deposits in the name of Reliance Value Service Private Ltd, Reliance Venture Asset Management Private Lt, Phi Management Solutions Private Ltd, Adhar Property Consultancy Pvt Ltd, Gamesa Investment Management Private Ltd and investments made in unquoted investment by Reliance Venture Asset Management Private Ltd and Phi Management Solutions Private Ltd have also been attached, they said.
The ED had earlier attached properties worth over Rs 8,997 crore in the bank fraud cases related to Reliance Communications Ltd (RCOM), Reliance Commercial Finance Ltd, and Reliance Home Finance Ltd.
The total attachment in the case against the Reliance Group is now Rs 10,117 crore.
