India and China will restart direct flights between designated cities this month, ending a suspension of more than five years, in a move that signals a cautious easing of bilateral tensions, India's foreign ministry said on Thursday.
There have been no direct flights between China and India since 2020, even though China is India's biggest bilateral trade partner.
India's largest carrier IndiGo said it would begin daily non-stop flights between Kolkata and Guangzhou on October 26. It also plans to launch a route connecting New Delhi with the Chinese city.
Indian Prime Minister Narendra Modi visited China a month ago for the first time in seven years to attend a meeting of the Shanghai Cooperation Organisation regional security bloc.
Modi and Chinese President Xi Jinping agreed that India and China were development partners, not rivals, and discussed ways to strengthen trade ties amid global tariff uncertainty.
Modi also conveyed India's commitment to improving ties and raised concerns about its widening trade deficit with China, which stands at nearly $99.2 billion.
He emphasised the importance of maintaining peace and stability along their disputed border, where a clash in 2020 triggered a five-year military standoff.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.