India explores maritime, space cooperation with UAE to boost strategic partnership

Indian Commerce Minister Piyush Goyal co-chairs the UAE-India Business Council Roundtable with UAE Foreign Trade Minister Thani Al-Zeyoudi on Sept. 19, 2025. (Indian Ministry of Commerce and Industry)
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Updated 20 September 2025
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India explores maritime, space cooperation with UAE to boost strategic partnership

  • Commerce minister concluded two-day official visit to Abu Dhabi and Dubai on Friday
  • India is also eyeing strategic collaboration in AI, energy security, infrastructure with UAE

NEW DELHI: India is exploring new areas of cooperation — including maritime and space — with the UAE in order to boost their strategic partnershipce, Indian Commerce Minister Piyush Goyal said on social media following his visit to the Gulf state. 

Goyal was in Abu Dhabi and Dubai for a two-day trip to review the progress of India’s Comprehensive Economic Partnership Agreement with the UAE and for talks with top Emirati officials and business leaders. 

While there, he co-chaired the UAE-India Business Council Roundtable with UAE Foreign Trade Minister Thani Al-Zeyoudi, as well as co-chairing the 13th India-UAE High Level Task Force on Investments alongside Sheikh Hamed Al-Nahyan, managing director of the Abu Dhabi Investment Authority. 

His meetings were focused on “expanding collaboration in diverse sectors and new investment opportunities,” Goyal wrote on X after concluding his trip late on Friday. 

“With a shared commitment to growth and prosperity, the India-UAE strategic partnership continues to further pave the way for deeper engagement, larger investments and greater business opportunities.” 

The meetings he attended in the UAE last week “explored new frontiers for investment and collaboration, especially in the maritime and space sectors, to drive mutual growth,” Goyal said.

The two countries also have “immense avenues … to collaborate across strategic sectors,” including in AI, energy security and infrastructure, he added. 

Under Prime Minister Narendra Modi, India has been cementing its place as a global space power. In January it became the fourth country to achieve docking in space by joining two small aircraft. 

Goyal’s trip follows Al-Zeyoudi’s visit to India last month, during which the two countries explored ways to further enhance trade ties under the UAE-India CEPA, which has been in effect since May 2022. The agreement has reduced tariffs on about 80 percent of all goods and provided zero-duty access to 90 percent of Indian exports. 

Bilateral non-oil trade between India and the Emirates amounted to $38 billion in the first half of 2025, according to data from India’s commerce ministry, marking a 34 percent increase over the first half of 2024. The surge has been led by sectors including gems and jewelry, machinery, chemicals, and smartphones.


Spain fines Airbnb 64 mn euros for posting banned properties

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Spain fines Airbnb 64 mn euros for posting banned properties

  • The fine is final, the consumer affairs ministry said in a statement, adding the US holiday-rental giant must “correct the violations by deleting illegal content“
MADRID: Spain’s leftist government said Monday it had fined Airbnb more than 64 million euros ($75 million), notably for posting listings for banned rental properties, at a time the country faces a housing crisis.
The fine is final, the consumer affairs ministry said in a statement, adding the US holiday-rental giant must “correct the violations by deleting illegal content.”
The ministry said 65,122 adverts on Airbnb breached consumer rules, including the promotion of properties without a license or those whose license number did not match with data in registers.
The fine is equivalent to six times the illegal profit made by Airbnb between the time the company was warned about the offending adverts and before they were taken down, the ministry added.
A tourism boom has driven the buoyant Spanish economy but fueled local concern about increasingly scarce and unaffordable housing, a top priority for the minority coalition government.
The world’s second most-visited country hosted a record 94 million foreign tourists in 2024 and is on course to surpass that figure this year.
But residents of hotspots such as Barcelona blame short-term rentals for the housing crisis and changing their neighborhoods.
In June, the consumer rights ministry also ordered online accommodation giant Booking.com to take down more than 4,000 illegal adverts.
“There are thousands of families who are living on the edge due to housing, while a few get rich with business models that expel people from their homes,” far-left consumer rights minister Pablo Bustinduy said in the ministry statement.
“We’ll prove it as many times as necessary: no company, no matter how big or powerful, is above the law. Even less so when it comes to housing,” he added on social network Bluesky.