After Prime Minister Narendra Modi’s visit, India and the UAE struck a slate of deals announced by Foreign Secretary Vikram Misri in Abu Dhabi. The biggest energy move: the UAE will store up to 30 million barrels of crude oil in India’s Strategic Petroleum Reserve to bolster energy security. Alongside, UAE-linked investments worth $5 billion were committed, spanning banking and infrastructure funding. The agreements also cover strategic gas reserves, defense manufacturing cooperation, shipyard projects, and an 8-exaflop supercomputing facility for India’s AI push.
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