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4 Min read

The Indian Defaulters from the UAE.

Published On 13 Feb 2020 09:24 AM


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Even as trade is booming between the two countries, standing at $52 billion in 2017 and $57 billion in late 2018, some concerns have recently erupted in the UAE in the form of huge $6.8 billion of unpaid debts by UAE based Subsidiaries of Indian companies. Trade stood at nearly $70 billion in 2019 and expected to hit a whopping $100 billion in 2020. Fearing the huge amount of unpaid debt by the Indian companies, 9 various banks have decided to....


Tags : UAE, India, Bank Defaulters, Rupee, The United Arab emirates Dhiram. ,
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