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India, UAE trade settlement in Re, Dirham

July 16, 2023

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The Morning Standard

INDIA and the UAE on Saturday agreed to start trading in their local currencies and interlink their payment and messaging systems during Prime Minister Narendra Modi’s day-long visit to Abu Dhabi. Besides, an IIT Delhi campus will be set up in UAE’s capital.

- YESHI SELI

India, UAE trade settlement in Re, Dirham

The warmth of the bilateral ties was on full display as UAE President Sheikh Mohamed bin Zayed Al Nahyan welcomed Modi with an embrace at the presidential palace. They also exchanged friendship bands.

“The manner in which ties between our countries have expanded, you have made a big contribution to that. Every person in India views you as a true friend,” the prime minister told the UAE President.

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