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Investments on hold, PM's Modi's UAE trip is really about three things: oil, FDI and terrorism
Rajeev Sharma •PM Modi’s just-begun two-day visit to the UAE should be looked at from this perspective. Seeking investments from the cash-rich country like the UAE, which Modi rightly described as a “mini India” with 2.6 million Indian expatriates accounting for 28 percent population of the UAE, has to be obviously very high on the Indian prime minister’s radar screen.
US weighs release of oil reserves, world frets about Iran
Fp Archives •The United States is considering a release from its strategic oil reserves, Treasury Secretary Timothy Geithner said on Friday, acknowledging the harm that supply disruptions from Iran could have on the global economy.