Narendra Modi has described building closer ties with the UAE as one of India’s greatest foreign policy achievements.
The Indian Prime Minister arrives in the country on Friday to a reception reserved for very few global leaders.
And on the eve of his third visit in four years, Mr Modi has hailed the ever-closer relationship across energy, trade, tourism and much more.
“Frequent high-level interactions between India and UAE testify to our vibrant relations,” he posted on Twitter on Thursday.
“The UAE is our third-largest trade partner and fourth-largest exporter of crude oil for India. The visit will further strengthen our multifaceted bilateral ties.”
More than three million Indians call the UAE home, so Mr Modi will be among friends when he lands in Abu Dhabi on Friday.
The following day, he will hold talks with Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces.
And later at the Presidential Palace, he will be bestowed with the prestigious Order of Zayed, the country’s highest civilian honour.
The two countries established diplomatic relations in 1972, just a year after the UAE was formed.
But ties stretch back centuries. Traders plied sea routes from India to the Gulf hundreds of years ago, while the region's pearls were highly coveted back across the Indian Ocean.
The frequency of Mr Modi's visits to the UAE are a testament to these enduring bonds.
It is hoped that this visit will inject new momentum into an already robust economic partnership.
Mr Modi will launch the RuPay card – essentially an Indian version of Visa or Mastercard – and release a stamp to commemorate the 150th anniversary of Indian independence leader, Mahatma Gandhi.
"There is a real desire to take this relationship into new areas, including maritime and defence co-operation," Navdeep Suri, Indian ambassador to the UAE, told The National.
Mr Suri said Sheikh Mohamed and Mr Modi had also developed a personal rapport.
“The prime minister’s third visit really symbolises the special relationship that has emerged between India and the UAE over the plast four years and the very personal bond between him and Sheikh Mohamed,” he said.
Mr Modi's visit in 2015 was the first in 34 years by an Indian prime minister, since Indira Gandhi arrived.
It re-established historical connections that go beyond mere trade and commerce. And since then, relations have grown only stronger.
Energy security is a key priority for India and both governments expect bilateral trade to reach $100 billion (Dh367bn) by 2020.
The UAE's state oil company, Adnoc, is looking at collaborating in a planned $44bn refinery and petrochemical facility in Ratnagiri in western Maharashtra state.
Dubai's DP World, the global ports operator, just announced the India-UAE bridge to attract more trade to its flagship Jebel Ali Port and free zone.
For the huge Indian community in the UAE, the visit will reshape the future of both countries for generations to come.
“Our leaders are rewriting the history and shaping the future of our great nations,” said Sripriyaa Kumaria, director general of the India Trade and Exhibition Centre and secretary general of the Business Leaders Forum.
Yusuffali MA, chairman of the supermarket chain Lulu, described current relations as a “golden era”.
The launch of the RuPay card in the UAE, meanwhile, is also being closely watched as a tool of financial empowerment.
The credit and debit card with 500 million Indians subscribers since it launched four years ago has created ripples in a field dominated by US giants Visa and Mastercard.
More than two million Indian tourists visit the UAE every year and they will soon be able to use the card in the Emirates, the third overseas destination after Singapore and Bhutan. There are also plans for banks in the UAE to issue the card.
“With the largest population of non-resident Indians and as a popular destination for Indian tourists, the UAE is a naturally relevant market for RuPay as it expands its international presence,” said Promoth Manghat, group chief executive at Finablr, a UAE-based payment solutions company.
“It enhances the mobility of globetrotting Indians while providing a host of benefits to the NRI community.”
Mr Modi arrives in the UAE from France and will leave on Saturday for Bahrain.
ESSENTIALS
The flights
Etihad (etihad.com) flies from Abu Dhabi to Mykonos, with a flight change to its partner airline Olympic Air in Athens. Return flights cost from Dh4,105 per person, including taxes.
Where to stay
The modern-art-filled Ambassador hotel (myconianambassador.gr) is 15 minutes outside Mykonos Town on a hillside 500 metres from the Platis Gialos Beach, with a bus into town every 30 minutes (a taxi costs €15 [Dh66]). The Nammos and Scorpios beach clubs are a 10- to 20-minute walk (or water-taxi ride) away. All 70 rooms have a large balcony, many with a Jacuzzi, and of the 15 suites, five have a plunge pool. There’s also a private eight-bedroom villa. Double rooms cost from €240 (Dh1,063) including breakfast, out of season, and from €595 (Dh2,636) in July/August.
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
It
Director: Andres Muschietti
Starring: Bill Skarsgard, Jaeden Lieberher, Sophia Lillis, Chosen Jacobs, Jeremy Ray Taylor
Three stars
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
BLACK%20ADAM
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Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
Saudi Cup race day
Schedule in UAE time
5pm: Mohamed Yousuf Naghi Motors Cup (Turf), 5.35pm: 1351 Cup (T), 6.10pm: Longines Turf Handicap (T), 6.45pm: Obaiya Arabian Classic for Purebred Arabians (Dirt), 7.30pm: Jockey Club Handicap (D), 8.10pm: Samba Saudi Derby (D), 8.50pm: Saudia Sprint (D), 9.40pm: Saudi Cup (D)
Biog:
Age: 34
Favourite superhero: Batman
Favourite sport: anything extreme
Favourite person: Muhammad Ali
SPEC%20SHEET
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UAE currency: the story behind the money in your pockets
TO ALL THE BOYS: ALWAYS AND FOREVER
Directed by: Michael Fimognari
Starring: Lana Condor and Noah Centineo
Two stars
UAE currency: the story behind the money in your pockets
About Krews
Founder: Ahmed Al Qubaisi
Based: Abu Dhabi
Founded: January 2019
Number of employees: 10
Sector: Technology/Social media
Funding to date: Estimated $300,000 from Hub71 in-kind support
RESULTS
6.30pm: Maiden Dh 165,000 1,600m
Winner: Superior, Connor Beasley (jockey), Ahmad bin Harmash (trainer)
7.05pm: Handicap Dh 185,000 2,000m
Winner: Tried And True, Pat Dobbs, Doug Watson
7.40pm: Maiden Dh 165,000 1,600m
Winner: Roy Orbison, Fernando Jara, Ali Rashid Al Raihe
8.15pm
Handicap Dh 190,000 1,400m
Winner: Taamol, Dane O’Neill, Ali Rashid Al Raihe
8.50pm
Handicap Dh 175,000 1,600m
Winner: Welford, Richard Mullen, Satish Seemar
9.25pm: Handicap Dh 175,000 1,200m
Winner: Lavaspin, Richard Mullen, Satish Seemar
10pm: Handicap Dh 165,000 1,600m
Winner: Untold Secret, Xavier Ziani, Sandeep Jadhav
UAE currency: the story behind the money in your pockets
Multitasking pays off for money goals
Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.
That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.
"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.
Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."
People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.
"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."
Profile
Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari
Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.
Number of employees: Over 50
Financing stage: Series B currently being finalised
Investors: Series A - Audacia Capital
Sector of operation: Transport
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
The%20specs
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More from Rashmee Roshan Lall
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now