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The government sold SR20 billion ($5.3 billion) of riyal bonds to banks last Tuesday to help to cover a huge deficit caused by low oil prices.
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If the engineering designs are on the basis of standard technologies available, which is part of the equipment sold to the Indian party, no amount can be treated as royalty.
Yuan may depreciate to 6.8 against the US dollar by early 2016 and hit Chinese consumer demand for luxury German automobiless, writes Matein Khalid
Kerala government will sign a contract with Adani Ports and Special Economic Zone, or Apsez, for the construction of the Rs75 billion Vizhinjam seaport and container transhipment terminal.
The lira has been in virtual free-fall since July 2014, falling from 2.10 to 2.82 now against the US dollar.
GCC SWFs must diversify within region and across the globe
Seeking Canadian investment, Akhilesh Mishra, India's Consul General said India was undergoing a historic phase of transformation.
Individual remittances from the UAE to India rose to between $12 billion and $15 billion in 2014.
Ministry of Economy denies spike, says unified price system will be in place soon.
"In a little over 12 months, we will deliver a world-class attraction for residents and tourists in the UAE."