Indian Prime Minister Narendra Modi met Russia's President Vladimir Putin on Monday for talks as part of his two-day visit to Moscow.
Mr Modi was set to have dinner with Mr Putin on Monday night, followed by talks on Tuesday.
The Indian Prime Minister was invited by Mr Putin to the 22nd Russia-India annual summit.
The trip is Mr Modi’s first overseas visit since returning to power for a third time in June. It is also his first trip to Russia since the invasion of Ukraine in 2022.
Mr Modi was met on arrival by Denis Manturiv, Russia’s Deputy Prime Minister, at the Vnukovo-II airport and accorded a ceremonial military welcome.
“The special and privileged strategic partnership between India and Russia has advanced over the past 10 years, including in the areas of energy, security, trade, investment, health, education, culture, tourism and people-to-people exchanges,” Mr Modi said in a statement before he travelled.
He last visited Moscow in 2019, while Mr Putin was in New Delhi in 2021.
The leaders have met several times at international summits and have often spoken by phone.
New Delhi has refused to explicitly condemn Russia's invasion of Ukraine and repeatedly abstained from voting on western-backed resolutions at the UN since February 2022.
The Indian leader is also set to meet members of the Indian community in Russia and lay a wreath at the tomb of the Unknown Soldier in the Kremlin on Tuesday.
He is then scheduled to visit the Rosatom Pavilion at the exhibition venue in Moscow, Vinay Kwatra, India’s Foreign Secretary said.
Mr Modi will hold delegation-level talks with Mr Putin on Tuesday, where the leaders “review the entire range of multifaceted relations and exchange views on contemporary regional and global issues of mutual interest”.
India is a long-time partner of Russia, and New Delhi has sought to continue its relationship with Moscow despite the US and western countries urging nations to sever ties, threatening sanctions for trade relations in certain sectors.
Russia is an important trade partner for India.
The South Asian nation exports drugs and other pharmaceutical products, chemicals, iron and steel and coffee, whereas Russia is a critical source of weapons and military technology.
Trade between the nations had reached an all-time high of $65.70 billion in the last financial year, according to the Ministry of Commerce.
India’s exports were at $4.26 billion, whereas its imports stood at $61.44 billion in 2023-2024.
New Delhi also started buying discounted oil from Russia to fulfil its energy requirements, despite Western-backed economic sanctions on Russia since its military campaign in Ukraine.
India's oil imports increased tenfold in 2022, according to Bank of Baroda, reaching 20 per cent of the country's imported crude.
Mr Modi will depart for Vienna for a two-day visit on Tuesday at the invitation of the Chancellor of Austria. It will be his first visit there.
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Squad for first two ODIs
Kohli (c), Rohit, Dhawan, Rayudu, Pandey, Dhoni (wk), Pant, Jadeja, Chahal, Kuldeep, Khaleel, Shami, Thakur, Rahul.
Tuesday results:
- Singapore bt Malaysia by 29 runs
- UAE bt Oman by 13 runs
- Hong Kong bt Nepal by 3 wickets
Final:
Thursday, UAE v Hong Kong
'The Woman in the House Across the Street from the Girl in the Window'
Director:Michael Lehmann
Stars:Kristen Bell
Rating: 1/5
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
UAE Team Emirates
Valerio Conti (ITA)
Alessandro Covi (ITA)
Joe Dombrowski (USA)
Davide Formolo (ITA)
Fernando Gaviria (COL)
Sebastian Molano (COL)
Maximiliano Richeze (ARG)
Diego Ulissi (ITAS)
Things Heard & Seen
Directed by: Shari Springer Berman, Robert Pulcini
Starring: Amanda Seyfried, James Norton
2/5
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The specs: 2019 Infiniti QX50
Price, base: Dh138,000 (estimate)
Engine: 2.0L, turbocharged, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 268hp @ 5,600rpm
Torque: 380Nm @ 4,400rpm
Fuel economy: 6.7L / 100km (estimate)
How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
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UAE currency: the story behind the money in your pockets
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
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The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
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Bio
Born in Dubai in 1994
Her father is a retired Emirati police officer and her mother is originally from Kuwait
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Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
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Our Time Has Come
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THE SPECS
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The biog:
Favourite book: The Leader Who Had No Title by Robin Sharma
Pet Peeve: Racism
Proudest moment: Graduating from Sorbonne
What puts her off: Dishonesty in all its forms
Happiest period in her life: The beginning of her 30s
Favourite movie: "I have two. The Pursuit of Happiness and Homeless to Harvard"
Role model: Everyone. A child can be my role model
Slogan: The queen of peace, love and positive energy