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Newpaper24 - Global online News around the World 251848111 UAE, India signal historic deal to commerce straight in dirhams and rupee - NEWPAPER24  Newpaper24 - Global online News around the World 251848111 UAE, India signal historic deal to commerce straight in dirhams and rupee - NEWPAPER24

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UAE, India signal historic deal to commerce straight in dirhams and rupee – NEWPAPER24

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UAE, India signal historic deal to commerce straight in dirhams and rupee

2018-02-14 12:08:20

Enabling companies on each side to bypass the US greenback or another international foreign money, resulting in massive financial savings for each nations

New Delhi: The UAE and India have reached a historic settlement which can allow companies on each side to bypass the US greenback or another international foreign money and commerce straight in UAE dirhams and the Indian rupee.

The settlement will imply massive financial savings for enterprise communities on each side as commerce between the UAE and India soars to new highs.

India’s Ambassador to the UAE, Navdeep Suri, mentioned that that is along with the agreements and memoranda of understanding which have been signed throughout Prime Minister Narendra Modi’s just-concluded two-day go to to Abu Dhabi and Dubai.

“There have been two different agreements which have been finalised. One is a foreign money swap settlement the place India and UAE — it’s an settlement between the 2 Central Banks — and the settlement has been accomplished and it’s going to be exchanged by means of letters. Beneath this, companies from the 2 sides will be capable of commerce straight in rupees and in dirhams and never should undergo US which suggests that there’s a saving for enterprise neighborhood. It makes commerce between the 2 nations extra aggressive,” Suri mentioned whereas reviewing Modi’s visits to the UAE, Jordan and Palestine together with India’s new Overseas Secretary, Vijay Gokhale, for Indian reporters.

Though the dirham has a hard and fast peg to the US greenback, the foreign money swap settlement between the UAE and India may favourably affect commerce between the 2 nations because the Trump Administration within the US cements additional an expansionary fiscal coverage and the US Federal Reserve considers price hikes.

Basket of currencies

The affect of US insurance policies on the Indian rupee could be larger and beneficial to commerce with the UAE because the Indian foreign money’s worth shouldn’t be pegged to the US greenback however is decided by a basket of currencies.

The rationale for the foreign money swap settlement is clear from UAE-India commerce figures. From a mere $182 million in 1982, the present stage of bilateral commerce amounted to about $53 billion (Dh194.5 billion), based on a joint assertion launched on the finish of Modi’s go to.

One other settlement which has been finalised and might be signed this week is “between the monetary intelligence models which commits each nations to work extra intently collectively in cash laundering, in stopping cash laundering that takes place,” Suri mentioned.

About this settlement, the joint assertion mentioned, “the 2 sides welcomed the finalisation of an MoU on cooperation within the alternate of monetary intelligence associated to cash laundering, related predicate offences and terrorist financing.”

Middle East

Inside Mohit Marwah’s Ras Al Khaimah wedding ceremony – NEWPAPER24

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Newpaper24 - Global online News around the World 180223688 Inside Mohit Marwah’s Ras Al Khaimah wedding ceremony - NEWPAPER24

Inside Mohit Marwah’s Ras Al Khaimah wedding ceremony

2018-02-20 11:10:27

UAE occasion designers behind the high-profile Bollywood celebration inform Gulf Information tabloid! how they pulled it off

There’s an enormous fats Bollywood wedding ceremony taking place in Ras Al Khaimah tonight as actor Mohit Marwah will get able to tie the knot together with his long-term girlfriend Antara Motiwala. Round 550 company have flown in from India and the groom, who belongs to the Bollywood business, has cousins like Arjun Kapoor, Sonam Kapoor and Jhanvi Kapoor portray the seashore city crimson earlier than the glitzy nuptials tonight on the Waldorf Astoria.

Whereas the company are revelling and having fun with the marriage celebrations, there’s a military of greater than 100 working in the direction of the graceful move of occasions. Getting hitched with none hitch appears to be their mantra.

When Gulf Information tabloid! caught up with Dubai-based occasion designer from Fete Occasions who’s accountable for the Marwah-Motiwala wedding ceremony, they claimed that their two-day bash crammed with Bollywood stars was going as per plans.

“Each the bride and the groom needed their wedding ceremony to be impactful and out-of-the-box. All of the company on this wedding ceremony are well-travelled and have extensive publicity, so we needed this occasion to be a memorable for everybody,” mentioned Sahiba Narang, the business director of Fete occasions.

Every of the pre-wedding rituals such because the Mehendi (henna night time) and the Sangeet (music) ceremony had distinct themes.

“The Mehendi yesterday afternoon had a Latin American theme and it wasn’t your typical mehendi ceremony. As a substitute of the golden brown mehendi we had white mehendi and there have been Mexican accents in every single place,” mentioned Narang.

However the decor for the Sangeet ceremony held in an enormous cover outdoors had one other theme.

“The color scheme was black and rose gold and we had created a star-lit dance ground with glass. The very best half was the Arjun Kapoor and Rhea Kapoor performed emcees to the household skit. All of it labored out properly and appeared very elegant. We had large chandeliers and floral preparations for the night time,” mentioned Narang.

Narang, who has been within the enterprise of décor execution alongside together with her accomplice Mallika Singh, claims that her newest high-profile wedding ceremony was high-pressure however massively gratifying.

“We labored on 4 main bashes through the wedding ceremony and each had a novel twist,” mentioned Narang.

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India Supreme Courtroom to listen to Priya Varrier’s petition on Wednesday – NEWPAPER24

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Newpaper24 - Global online News around the World 1518716454_4142077372 India Supreme Courtroom to listen to Priya Varrier's petition on Wednesday - NEWPAPER24

India Supreme Courtroom to listen to Priya Varrier’s petition on Wednesday

2018-02-20 10:30:26

Abu Dhabi: The Indian Supreme Courtroom will hear on Wednesday a petition filed by Priya Prakash Varrier, who grew to become India’s nationwide crush along with her look within the teaser track ‘Mani Manikya Malaraya Poovi’ from movie “Oru Adaar Love” (A Excellent Love Story).

She and her staff approached the Indian Supreme Courtroom on Monday to quash police instances filed towards them. 

The track, during which Varrier’s wink grew to become an web sensation, has been shared by hundreds of thousands on social media.

As Gulf Information reported on Monday the writ petition filed by Varrier together with director Omer Lulu and producer of the movie has requested the highest court docket to quash the primary info report [FIR] filed towards them in Telengana and concern acceptable orders to restrain different states from registering FIRs in the identical matter. 

“The chief justice agreed to my request for an pressing listening to of the petition and it has been posted for tomorrow,” Varrier’s lawyer informed Gulf Information on Tuesday from New Delhi on telephone.

“We are going to come to know concerning the time and bench to listen to the petition by in the present day [Tuesday] night,” mentioned Haris Beeran, an advocate on the Supreme Courtroom.

Varrier and filmmakers approached the highest court docket following the stories concerning the Hyderabad police issuing a discover to them.

The Hyderabad Police on Wednesday registered a case on a grievance that the lyrics of the track had allegedly harm the spiritual sentiments of Muslims.

Hyderabad police have sought clarification from Omar Lulu about alleged objectionable lyrics in a discover that was despatched by put up on Saturday, Occasions of India reported on Monday.

The discover was served by the Falaknuma police as a case was registered on February 14 primarily based on a complainant from some native residents. They alleged that the lyrics of the track ‘Manikya Malarayi Poovi’ had reference to the lifetime of the Prophet. The complainants demanded that both the lyrics needs to be rewritten or the track be withdrawn from the movie. 

The advocate mentioned some folks registered complaints towards Varrier and her staff in Maharashtra, which can result in police submitting extra FIRs in the identical matter.

“Because the prison complaints are being filed in several states throughout the nation, no helpful and fruitful function can be served in approaching the respective Excessive Courts [in each state],” the petition says.

“That’s why the petitioner approached the Supreme Courtroom,” the lawyer mentioned.

Varrier and movie makers clarify within the petition that “Manikya Malaraya Poovi” is a Mappila Track, or a standard Muslim Track from the Malabar area of Kerala. The track describes and praises the love between the Prophet Mohammad (PBUH) and his first spouse Khadeeja.  

They additional clarify that the track is initially from an previous people track from Kerala which was written in 1978 by PMA Jabbar and was first sung by Thalassery Rafeeq. The claims that it hurts the spiritual sentiments of the Muslim Neighborhood are with none foundation, the petition says.

“What is tough to fathom is that a track which has been in existence for the previous 40 years, which was written, sung and cherished by the Muslim Neighborhood in Kerala is now being  handled as an insult to the Prophet and his spouse,” they mentioned.

A track that has existed for greater than 40 years and has been cherished by greater than 10 million Muslims of Kerala can not immediately offend the spiritual sentiment of the Muslim Neighborhood, the petition mentioned.

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Pakistan riskiest nation for newborns: UNICEF – NEWPAPER24

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Newpaper24 - Global online News around the World 1985052138 Pakistan riskiest nation for newborns: UNICEF - NEWPAPER24

Pakistan riskiest nation for newborns: UNICEF

2018-02-20 09:34:55

Islamabad: The United nations (UN) youngsters’s company has singled out Pakistan because the riskiest nation for newborns, saying that out of each 1,000 youngsters born in Pakistan, 46 die at delivery.

The report is a part of UNICEF’s new marketing campaign, launched on Tuesday, to lift consciousness to carry down neonatal mortality charges.

UNICEF says that after Pakistan, the Central African Republic is the subsequent riskiest nation for newborns, and Afghanistan is the third.

The report says that “greater than 80 per cent of all new child deaths are attributable to three preventable and treatable circumstances”.

The three are untimely births, issues corresponding to lack of oxygen at delivery and neonatal infections, together with sepsis and pneumonia.

It says as many as three million youngsters might be saved annually with an funding in high quality care at supply.

 

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