PhonePe has received in-principle approval from the Central Bank of the UAE for two operating licenses, marking the first international expansion of the company.
The licenses include Retail Payment Services and Card Schemes (RPSCS) and Stored Value Facilities (SVF).
The Odisha government has signed agreements with the UAE-based International Holding Company (IHC) and the Adani Group to explore 14 projects involving an indicative investment of ₹2.1 lakh crore.
Additionally, a Memorandum of Cooperation (MoC) was signed between the state government and the Indian Business & Professional Group (IBPG) to bolster trade, exports, and investments between Odisha and the UAE.
PhonePe, a fintech firm based in Bengaluru, has launched its first local operations in the UAE. The company has secured two licenses to offer consumer payment instruments and to provide e-payment acceptance infrastructure for merchants.
The Essar Group has signed a $500 million crude oil sourcing and product supply agreement with the Abu Dhabi-based International Resources Holding (IRH).
The agreement aims to support procurement, supply chain optimization, and energy trading in global markets.
The Ministry of Finance has approved a proposal by the UAE-based Emirates NBD to acquire a 49%–74% stake in RBL Bank. The transaction is valued at $3 billion (₹26,850 crore) and will be executed through a preferential allotment and a mandatory open offer. This is one of the largest Foreign Direct Investment (FDI) transactions in the banking and financial services sector of India.
PM Narendra Modi has visited the United Arab Emirates (UAE) and held a meeting with President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi. UAE has committed to invest $5 billion in India through various entities.
During the visit, the Indian Strategic Petroleum Reserves Ltd (ISPRL) signed an MoU with the Abu Dhabi National Oil Company (ADNOC) to enhance the energy security of India. Additionally, the Indian Oil Corporation Ltd (IOCL) signed a strategic collaboration agreement with ADNOC for the long-term supply of Liquefied Petroleum Gas (LPG).
India and the UAE have signed 6 agreements to enhance cooperation in the energy and defence sectors during the visit of PM Narendra Modi to Abu Dhabi. Entities based in the UAE have committed an investment of $5 billion in India.
The UAE has also announced a plan to double the crude oil export capacity by 2027. This involves the construction of an additional pipeline to the Port of Fujairah to bypass the Strait of Hormuz.
The International Financial Services Centres Authority (IFSCA) has granted a licence to the Abu Dhabi National Insurance Company (ADNIC) to establish a reinsurance branch at the Gujarat International Finance Tec-City (GIFT City) in Gujarat. ADNIC is the first insurance provider based in the UAE to establish a presence within this international financial hub of India.
The United Arab Emirates (UAE) has officially withdrawn from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance. This move has caused significant disruption to global oil production groups and weakened the geopolitical influence of Saudi Arabia.
Maha
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"The memorising technique in the Scoreclever automatically stores the news in my mind and it saves time."
"It is very helpful platform to study current affairs. It has memory technique which saves lots of time during preparartion."
"Came across Editorial Vocabulary podcast video accidentally and really loved the idea. Its really useful for my preparation."
"Wonderful session. Thank you so much and really hats off to you for making current affairs and editorial an easy one."
"This is one the best app for Current Affairs. The content is cut and short whichever is required and is easy to remember with flashcards."
"Thx to daily quizzes. It played a big role in revisions. April 2024 - April 2025 I missed quizzes 3 or 4 days only. It's that interesting."
"Best app to learn current affairs in an effective way. I usually forgot current affairs easily and now I can easily remember everything."
"I studied current affairs only in Scoreclever and its really a time saver. Thanks Scoreclever team for all your efforts."
"Just wow. Haven't seen anyone explaining editorials like this. Crystal clear explanations with word by word. Thanks so much."
"This app is very useful to the persons who find difficult to go through the bunch of PDFs, and spending lots of time for revision."
"The memorising technique in the Scoreclever automatically stores the news in my mind and it saves time."
"It is very helpful platform to study current affairs. It has memory technique which saves lots of time during preparartion."
"Came across Editorial Vocabulary podcast video accidentally and really loved the idea. Its really useful for my preparation."
"Wonderful session. Thank you so much and really hats off to you for making current affairs and editorial an easy one."
"This is one the best app for Current Affairs. The content is cut and short whichever is required and is easy to remember with flashcards."
"Thx to daily quizzes. It played a big role in revisions. April 2024 - April 2025 I missed quizzes 3 or 4 days only. It's that interesting."
"Best app to learn current affairs in an effective way. I usually forgot current affairs easily and now I can easily remember everything."
"I studied current affairs only in Scoreclever and its really a time saver. Thanks Scoreclever team for all your efforts."
"Just wow. Haven't seen anyone explaining editorials like this. Crystal clear explanations with word by word. Thanks so much."
"This app is very useful to the persons who find difficult to go through the bunch of PDFs, and spending lots of time for revision."
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