India, UAE Join Forces To Trade In Rupees: Best Time To Study In Dubai

India UAE Join Forces To Trade In Rupees Best Time To Study In Dubai.jpg

Last Updated on August 30, 2024

The honourable Prime Minister, Mr. Narendra Modi, visited Abu Dhabi to strengthen ties with the United Arab Emirates in spheres such as economy, finance, climate action, education, and energy. Owing to India’s excellent diplomatic strategy as well as the UAE’s welcoming spirit, the educational administrations of both countries signed a Memorandum of Understanding on inaugurating an international campus of the esteemed Indian Institute of Technology in Abu Dhabi. This good news comes immediately after Mr. Modi’s visit to France, where India was celebrated and lauded at an international level. 

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In recent years, the UAE has held a significant role in India’s endeavours to strengthen its involvement in various aspects, including trade and security, with West Asian nations. With a sizable Indian expatriate community of 3.5 million, making up approximately 30% of the Emirates’ population, the bilateral relationship between the two countries has been further solidified. This was augmented by the signing of the Comprehensive Economic Partnership Agreement (CEPA) in February 2022, which provided a substantial boost to their trade ties.

Furthermore, the signed Memorandum of Understanding (MoU) focusing on the utilization of national currencies aims to establish a Local Currency Settlement System (LCSS) with the goal of encouraging the usage of the Indian rupee and the UAE dirham. This comprehensive agreement encompasses all existing account transactions and authorized capital account transactions. Through the LCSS, exporters and importers will have the convenience of conducting transactions in their domestic currencies, paving the way for the growth of an INR-AED foreign exchange market.

Studying Abroad in Dubai

These recent developments in the bilateral ties between India and UAE have further paved the way for Indian students to study in Dubai. The international metropolis is known for cultivating a diverse environment that harbours people of all nationalities, thus allowing students to engage with like-minded individuals without any barriers. The United Arab Emirates offers a diverse and vibrant academic landscape, and Dubai, as its educational hub, provides an exciting opportunity for Indian students to pursue their academic aspirations while experiencing a rich cultural melting pot.

World-Class Universities and Programs

Dubai is home to some of the world’s leading universities and colleges, offering a wide array of programs across various disciplines. Indian students can find prestigious institutions with renowned faculties, state-of-the-art facilities, and innovative teaching methodologies. Whether it’s engineering, business, arts, or sciences, Dubai’s universities provide quality education that aligns with international standards.

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Multicultural Environment

One of the most attractive aspects of studying in Dubai is its multicultural environment. The city attracts students from all over the globe, making it a melting pot of cultures, languages, and traditions. Indian students will have the opportunity to interact with peers from diverse backgrounds, fostering cross-cultural understanding and enriching their overall learning experience.

English as the Medium of Instruction

For Indian students, language is rarely a barrier in Dubai’s educational institutions, as English is the primary medium of instruction. This eliminates the need for students to learn a new language and allows them to focus entirely on their studies and research.

Industry Connections and Internship Opportunities

Dubai’s strategic location as a global business and trade hub opens up exceptional industry connections for students. Many universities have strong ties with local businesses, offering students valuable internship and job opportunities during and after their studies. This practical exposure enhances their employability and helps shape their future careers.

Safe and Welcoming Environment

Dubai is renowned for its safety and hospitality. As a student, safety is a top concern, and Dubai’s low crime rate and welcoming atmosphere provide a reassuring environment for international students, including those from India. Moreover, the city’s infrastructure is well-developed, ensuring a comfortable and convenient stay.

Cultural and Recreational Experiences

Studying in Dubai isn’t just about academics; it’s about exploring a city filled with unique attractions and experiences. From awe-inspiring skyscrapers and architectural wonders to pristine beaches and desert adventures, Dubai offers a perfect blend of modernity and tradition. Indian students will have ample opportunities to engage in cultural events, festivities, and recreational activities, making their study abroad journey unforgettable.

Financial Considerations

While the cost of studying in Dubai might be a factor to consider, many universities offer scholarships, grants, and financial aid packages to international students, including those from India. Thorough research and planning can help students find suitable financial support to pursue their academic goals.

Conclusion

Studying abroad in Dubai presents an exciting and enriching opportunity for Indian students to gain a world-class education, immerse themselves in a multicultural environment, and explore a vibrant city known for its innovation and progress. With strong academic offerings, industry connections, and a safe, welcoming environment, Dubai stands as an excellent choice for Indian students seeking an extraordinary study abroad experience.

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Avinash Singh is a study abroad consultant with over 10 years of experience helping students achieve their academic goals. He is an expert in the US, Australian, German, and Canadian education systems and has helped hundreds of students secure admission to top universities around the world. In his spare time, Avinash enjoys traveling, hiking, and spending time with his family. He is also an avid reader and loves to learn new things.

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