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India to pay $1.65 billion Iran oil dues via UAE

Last Updated: Thursday, June 19, 2014, 12:09

India will pay Iran USD 1.65 billion through the UAE central bank to clear over 40 percent of the backlog payments for oil imports.

Amid economic crisis in EU, Dubai residential market at a high

Last Updated: Monday, January 28, 2013, 09:24

Residential market continued its upward course in the UAE commercial hub of Dubai, with quality residential developments registering their highest average annual increase since 2008.

UAE economy is strong, says central bank governor

Last Updated: Wednesday, November 28, 2012, 11:44

The United Arab Emirates's (UAE) economy is strong and registering the highest growth rates in all the economic and social sectors, according to UAE Central Bank governor Sultan bin Nasser Al Suwaidi.