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Visit of Crown Prince of Dubai as republic day chief guest (Relevant for GS Prelims and Mains Paper II)

Presence of the Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed al Nahyan as the chief guest at the Republic Day parade and participation of a marching contingent of the country’s military in the celebrations would indicate its willingness to play a more active regional role. A contingent of 179 UAE soldiers lead the Republic Day parade. 

India- UAE Relations
1.    Today, Indians make up 30% of the country’s population — the single largest expatriate community in the UAE.
2.    During the recent visit, both the countries signed Comprehensive Strategic Partnership agreement. The agreement calls for cooperation between India and Dubai in various fields.
3.    Trade Levels :Currently, India and the UAE have a $35 billion bilateral trade, which they plan to increase three times in the near future. After China and the U.S., the UAE is India’s largest trading partner. 
4.    Investment : The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, is seeking to identify investment opportunities in the Indian infrastructure sector. The $75 billion UAE-India Infrastructure Investment Fund, to support investment in India’s infrastructure sector over a decade, has not seen much progress.
5.    Terrorism : Both sides denounced and opposed terrorism in “all forms and manifestations.The target was clearly Pakistan, as they came down strongly on countries sponsoring terrorism against other states. 
That Mr. Modi could get the UAE, one of the countries closest to Pakistan, to deliver such a message shows how well he had read the changing strategic realities in West Asia. The UAE endorsing India’s concerns on terrorism underscores the challenges facing the Gulf kingdoms at a time when the Islamic State is rising and sectarian divide in the region is widening.
6.    Afghanistan: They also hope to work closely in Afghanistan, where five UAE diplomats were killed earlier this month in a terror attack and where regional alignments are in flux.

India to fill strategic reserve facility at Mangaluru with oil from UAE  
India signed a deal with the United Arab Emirates that allows the Gulf nation to fill half of an underground crude oil storage facility at Mangaluru that is part of New Delhi’s strategic reserve system.
India has already filled the other half of the Mangaluru storage in Karnataka state with six million barrels of Iranian oil.India, the world’s third-biggest oil consumer, has also filled a Vizag storage site in southern Andhra Pradesh with 7.55 million barrels of Iraqi oil and has invited bids from suppliers to fill an 18.3 million-barrel facility at Padur in Karnataka.

Background
The vigour in India-UAE ties today owes its origins to Prime Minister Narendra Modi’s visit to the UAE in 2015, the first by an Indian Prime Minister to the Emirates in 34 years. 

About UAE
United Arab Emirates (UAE) is a federation of seven emirates, and was established on December 2, 1971. The constituent emirates are Abu Dhabi (which serves as the capital), Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. Each emirate is governed by an absolute monarch; together, they jointly form the Federal Supreme Council. One of the monarchs is selected as the President of the United Arab Emirates. Islam is the official religion of the UAE and Arabic is the official language 

Crown Prince of Abu Dhabi
Sheikh Mohammed bin Zayed al Nahyan is the second in command in Abu Dhabi. His elder brother is head of Abu Dhabi.



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