Last week saw the already broadening and deepening ties between the UAE and India extend further. Leading Indian conglomerate, Reliance Industries, outlined plans to establish a major oil and petrochemicals trading unit in the UAE ADNOC is reportedly at the top of the list of foreign companies that would be considered to buy a substantial stake in the high-profile privatization of major Indian refiner, Bharat Petroleum Last week saw the already broadening and deepening ties between the UAE and India extend further. With the announcement in August 2020 of the U.S.-brokered Israel-UAE ‘normalisation deal’ a new corridor of co-operation was opened up, running from the U.S. (and Israel), through the UAE (and Kuwait, Bahrain, and in part Saudi Arabia) through to India, as a regional counterbalance to China’s growing sphere of influence. As much of China’s current turbo-driven expansion into the Middle East is predicated in the first instance […]