00:00Good day and welcome to the Gulf News Update for Sunday, February the 11th.
00:06Here are the top stories at this hour.
00:08Indian Prime Minister Narendra Modi said today his country's relations with the UAE was
00:13much more than a trade tie as he hailed the growing ties with the UAE as deep, broad and
00:19vibrant.
00:20Addressing the members of the Indian community at the Dubai Opera, Modi said his government
00:24was trying to bring India to a global benchmark.
00:28Modi, who is on a two-day visit to the UAE, earlier laid a wreath at Waqf al-Karama on
00:32Sunday morning.
00:34India and the UAE signed five agreements on Saturday, including a deal to grant a consortium
00:39of Indian oil companies a 10% stake in Abu Dhabi's Lower Zakum concession.
00:44A UAE minister has shot down rumours that the government may raise the rates of excise
00:49tax or value-added tax.
00:51Obeid Humeid Al-Thair, Minister of State for Financial Affairs, also confirmed that the
00:55UAE was not considering any legislation to introduce income tax, but he said the ministry
01:01was in the early phases of drafting a law on corporate tax.
01:05Dubai's Sheikh Zayed Road will continue to host the world's tallest hotel, with the opening
01:10this week of the Jaibora, built by the Al-Athar Group.
01:13Located near the DIFC cluster, the 75-floor structure stands at a height of 356 metres
01:20and has 528 rooms.
01:22Kim Cattrall has a message for Sarah Jessica Parker – Spare me your sympathy.
01:27Cattrall lashed out at her former Sex and the City co-star after Parker expressed her
01:31condolences over the death of Cattrall's brother, Chris.
01:35The two actresses reportedly have not gotten along for years.
01:39And finally, the weather.
01:40Today's high across the UAE will be 26 degrees Celsius, dropping to 15 degrees at night.
01:45That's all for now.
01:46Thanks for watching and as always, you can get the latest news at gulfnews.com
01:52Thanks for watching and as always, you can get the latest news at gulfnews.com
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