Tag: Local Currency Settlement system
Posted in Economy
UAE-India sails catch trade winds
In late 2021, when the UAE and India agreed to pursue a Comprehensive Economic Partnership Agreement (CEPA), both countries arrived at a free-trade deal with…
Posted in Business
First ever crude oil transaction in local currency occurs between India and UAE
The first-ever crude oil transaction under the newly implemented Local Currency Settlement (LCS) system took place on Monday between Abu Dhabi National Oil Company (ADNOC)…