Business Study Tour

Dubai, 2016

At T3 Terminal

In the arrival section (Terminal 3) of the Delhi airport, there are

currency exchange counters before the customs and after the
customs area.
Before the customs, there are 2 currency exchange counters: 1)
Thomas Cook and 2) Central Bank of India. Both the counters are
open 24 hours.
Difference: Central Bank of India dont charge any commission
whereas Thomas Cook does and both gives the same exchange
rate.
Make sure that you ask for Central Bank of Indias counter since
they are not as strategically located as Thomas Cook.
But remember that currency exchange rate at the airport is always
lower than what you can get in the city. So, get your foreign
currency exchanged to little over what you require at the airport
and thengo to the branch of almost any bank in the cityto get the
rest converted.

GOLD EXCHANGE
RATE IN DUBAI

Source: http://www.goldpricesdubai.com/
The table shows gold price in Dubai in Dirhams (AED) per gram, and
10 tolas bar, for the most commonly used carats in Dubai which are
24 carat, 22 carat, and 18 carat. Also 21 carat is sometimes used.

Latest gold rate in Dubai

Source: http://www.khaleejtimes.com/

Gold Price in India

Source: http://www.goldpricesdubai.com/gold-price-in-india/

ICICI Bank

ICICI bank has tied up with UAE Exchange to

offer an instant bank transfer service to the
Indians residing in the Gulf nation. 'FLASHremit'
service started by the bank enables customers
to conveniently send money instantly to their
beneficiaries in India in Indian Rupees. "By
using the services the customers of the bank,
residing in the UAE, can send money instantly
to any ICICI Bank account in India
Customers of ICICI Bank will be able to avail this
service by visiting any of the over 135 branches
of UAE Exchange in UAE

Hadi Express Exchange

South Indian bank provides managerial service to
Hadi Express Exchange since the year 2006.
You can approach Hadi Express Exchange for:
Instant money transfer to your account with
South Indian Bank
Opening NRE Accounts & deposits accounts at
any branches of South Indian Bank
Account number can be collected from the
exchange house within minutes.
Any other assistance regarding your banking
needs.

Local Exchange Houses

Al Ansari Earn points with Air miles. Same for India but
DH 10 to Dh 15 for UK & Europe; 2 to 3 working days
UAE Exchange- Dh15 for India & Philippines
and Dh 45 to Dh 50 for UK & Europe; 2 to 3 working
days
Western Union Express Tranfer; Rates are expensive
by Dh 35
LuLu exchange
Al Ghurair Exchange
Orient Exchange
Al Rostamani Exchange

Dubai potential investments in

India

Sheikh Mohammed bin Zayed, the Crown Prince of the

United Arab Emirates has promised an investment of
Rs. 4.5 lakh crore in India, Prime Minister Narendra
Modi told a packed cricket stadium in Dubai, that
greeted the announcement with loud cheers.
DP World Pvt. Ltd, the worlds fourth biggest container
port operator majority owned by the Dubai
government, has plans to invest over $1 billion in
India for augmenting its port-related operations.
On 24 July 2011Dubai Ports Worldinaugurated a pilot
solar power system at Nhava Sheva (Mumbai) that will
allow the terminal to harness solar energy for its
energy requirements and reduce greenhouse gas
emissions.

India investments in Dubai

In the first half of 2015, there was an

investment of almost US$2 billion from India.
The reserve Bank of India(RBI) has set a limit of
US$50,000 (approx 33 lakh) for an indian
investing oversears. This means that Indians are
only able to buy properties in Dubai via EMIs
since average appratment costs around Rs 3-4
crore in the Middle Eastern city.
Air India signs MoU to help build MRO facility at
Dubai airport: The total project is spread over an
area of 9,000 sq metres and will need an
investment of $100 million.

Presence of Indian companies in

Dubai
Top 3 Indian companies in Dubai

Reliance Facilities Management

Kalyan Jewelers
Malabar Gold & Diamonds

5 Major Products Traded

Between India & UAE
EXPORTED TO UAE

Jewellery (21%)
Refined Petroleum
(21%)
Gold (8.2%)
Coal Tar Oil (1.4%)
Rice (1.4%)

IMPORTED TO UAE

Crude Petroleum
(44%)
Gold (15%)
Diamonds (13%)
Petroleum Gas (7.5%)
Refined Petroleum
(2.3%)