Friday, May 15, 2026
38.1 C
New Delhi

PM Modi In UAE: $5 Billion Investment, LPG And Strategic Oil Reserves Signed

Show Quick Read

Key points generated by AI, verified by newsroom

  • UAE invests USD 5 billion in India across key sectors.
  • India and UAE sign defence and energy cooperation pacts.

Prime Minister Narendra Modi, who arrived in the United Arab Emirates on Monday as part of his five-nation tour, held wide-ranging talks with UAE President Sheikh Mohammed bin Zayed Al Nahyan, during which the Gulf nation announced investments worth USD 5 billion in India.

Sharing details of the visit on X, PM Modi said the trip marked a major step forward in the India-UAE Comprehensive Strategic Partnership, with both sides concluding key agreements across sectors including energy, defence, infrastructure, shipping and advanced technology.

“UAE visit also saw the conclusion of key agreements across vital areas such as energy, defence, infrastructure, shipping and advanced technology, giving fresh impetus to the India-UAE Comprehensive Strategic Partnership. In another important development, UAE announced investments worth USD 5 billion in India. This will further deepen economic ties,” Modi said.

PM Modi Condemns Attacks On UAE 

The Prime Minister also condemned the ongoing attacks amid the West Asia conflict and reiterated India’s support for peace efforts in the region. “India is ready to extend all possible support to bring peace in West Asia,” he said during the meeting with President Nahyan.

Energy security emerged as a key focus of the discussions amid growing concerns over instability in the Gulf region, disruptions to crude oil supplies and threats to maritime trade routes, particularly through the strategically crucial Strait of Hormuz.

India-UAE LPG, Oil Reserves Deal Signed

Several major agreements were signed during the visit. Indian Strategic Petroleum Reserves Limited (ISPRL) signed a pact with Abu Dhabi National Oil Company (ADNOC) for strategic collaboration aimed at strengthening India’s energy security, expanding petroleum reserves and exploring cooperation in LNG and LPG storage facilities.

The two countries also inked a long-term LPG supply agreement to ensure stable access to cooking gas for India while enhancing bilateral energy cooperation. In the defence sector, both sides signed a framework agreement on strategic defence cooperation to boost defence industrial collaboration, innovation, technology sharing and regional security.

According to the Ministry of External Affairs (MEA), the talks also covered trade, investment, blue economy, fintech, defence cooperation and people-to-people ties, while the two leaders exchanged views on developments in West Asia and other global issues.

UAE F16 jets escort PM’s plane

PM Modi was personally received at the Abu Dhabi airport by President Nahyan and was accorded a ceremonial guard of honour. In a special gesture, his aircraft was escorted by UAE F 16 military jets.

The visit comes amid rapidly evolving geopolitical dynamics in West Asia, including tensions involving Iran and Israel, concerns over oil production policies and shifting regional alignments. Analysts are also closely watching the UAE’s recent move to exit OPEC, seen by many as a sign of Abu Dhabi pursuing a more independent energy strategy.

Following the UAE leg of the visit, PM Modi will travel to the Netherlands, Sweden, Norway and Italy to deepen cooperation in trade, technology, investment and green transition initiatives.

Go to Source

Hot this week

From Morning Rituals To Breaks: Efficient Work‑From‑Home Routines That Improve Productivity

From using morning and evening rituals to having digital boundaries and healthy eating, follow these advices to boost productivity when working from home Go to Source Author: News18 Read More

‘Look Forward To Future In Kerala’: Shashi Tharoor To Miss VD Satheesan’s Swearing-In As CM; Here’s Why

The Thiruvananthapuram MP, whose name was also being touted at one point as a possible CM candidate, clarified his position on X Go to Source Read More

Fuel Price Hike Modest, Doesn’t Cause Stress To People: Piyush Goyal

On the proposed India-US trade agreement, Goyal said both sides had already finalised the deal earlier, but fresh global developments led to changes in negotiations. Read More

EAM Jaishankar Urges BRICS Ministers To Push UN Reforms, Calls Cooperation ‘Essential’ | Read Full Speech

India at a BRICS session urges urgent reforms of the UN Security Council, global financial institutions and WTO, seeking more representation for Asia, Africa and Latin America. Read More

Topics

From Morning Rituals To Breaks: Efficient Work‑From‑Home Routines That Improve Productivity

From using morning and evening rituals to having digital boundaries and healthy eating, follow these advices to boost productivity when working from home Go to Source Author: News18 Read More

‘Look Forward To Future In Kerala’: Shashi Tharoor To Miss VD Satheesan’s Swearing-In As CM; Here’s Why

The Thiruvananthapuram MP, whose name was also being touted at one point as a possible CM candidate, clarified his position on X Go to Source Read More

Fuel Price Hike Modest, Doesn’t Cause Stress To People: Piyush Goyal

On the proposed India-US trade agreement, Goyal said both sides had already finalised the deal earlier, but fresh global developments led to changes in negotiations. Read More

EAM Jaishankar Urges BRICS Ministers To Push UN Reforms, Calls Cooperation ‘Essential’ | Read Full Speech

India at a BRICS session urges urgent reforms of the UN Security Council, global financial institutions and WTO, seeking more representation for Asia, Africa and Latin America. Read More

CJI Says Some Unemployed Youngsters ‘Like Cockroaches’ Become Activists, Attack Everyone

The bench said there were already “parasites” in society who attack the system and asked the petitioner whether he wanted to join hands with them. Read More

Supreme Court To Hold Virtual Hearings Twice A Week After PM Modi’s Appeal To Save Fuel

Supreme Court will hold virtual hearings on Mondays and Fridays after PM Modi urged citizens to save fuel amid disruption in energy markets due to West Asia Crisis. Read More

What Is HLHS? Doctors Explain Rare Heart Condition Linked To Celina Jaitly’s Son

Show Quick Read Key points generated by AI, verified by newsroom Celina Jaitly’s tribute highlights Hypoplastic Left Heart Syndrome (HLHS). HLHS causes underdeveloped left heart, critical after birth. Read More

Related Articles