India's Modi to begin five-nation tour, including UAE, amid Middle East crisis
The trip will deepen energy cooperation and trade ties as India faces higher oil prices and pressure on foreign exchange reserves.
- On Monday, Indian Prime Minister Narendra Modi announced a five-nation tour from May 15–20, visiting the United Arab Emirates, the Netherlands, Sweden, Norway, and Italy.
- Rising oil prices stemming from the Middle East crisis threaten to widen India's current account deficit, slow growth, and stoke inflation, straining the nation's foreign currency reserves.
- Following Modi's call for austerity measures including fuel conservation and reduced imports, Indian shares fell on Monday and the rupee hit its weakest closing level on record.
- Modi and UAE President Mohammed will discuss energy cooperation and exchange views on "regional and international issues of mutual interest" during the UAE leg of the tour.
- The European leg aims to deepen trade and investment ties, building on the India-EU trade deal agreed upon earlier this year across the Netherlands, Sweden, Norway, and Italy.
35 Articles
35 Articles
Modi to visit UAE, EU states
Indian Prime Minister Narendra Modi will embark on a five-nation tour taking in the United Arab Emirates and Europe from May 15-20, India’s foreign ministry said in a statement on Monday, as the Middle East crisis drives up global oil prices and strains India’s foreign currency reserves. Modi is to visit the UAE on May 15 and subsequently travel to the Netherlands, Sweden, Norway and Italy, the statement said. The trip follows Modi urging a seri…
India's Modi to launch multi-nation tour amid global unrest
Indian Prime Minister Narendra Modi will embark this week on a multi-nation tour to the United Arab Emirates and four European countries, officials said on Monday. Modi will start his whirlwind tour from the UAE — where a 4.5 million-strong Indian community lives — on Friday, India’s foreign ministry said in a statement. Modi will meet with the UAE’s leader, Sheikh Mohamed bin Zayed Al Nahyan, with energy cooperation high on the agenda amid glob…
Indian Prime Minister Narendra Modi is coming to the Netherlands this week. Discussions will cover, among other things, the wars in the Middle East and Ukraine, and technology, the Government Information Service reports.
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