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HONG KONG SAR – Media OutReach – 9 June 2023 – Hong Kong University of Science and Technology’s (HKUST) Professor of Electrical Computer and Engineering, Zexiang Li has been appointed as visiting distinguished professor at King Abdullah University of Science and Technology (KAUST) that will benefit immensely from his extensive experience and impact in robotics, education, innovation and entrepreneurship. According to Bloomberg, Professor Zexiang was one of […]

Matein Khalid President Erdoğan recalled his pro-markets ex-Wall Streeter Mehmet Şimşek as Finance Vizier and the head of MIT who negotiated his diplomatic rapprochement with Egypt, Israel, Saudi Arabia and the UAE as Foreign Minister but all hell has broken loose in the money markets of Istanbul as I write. The Turkish lira has plunged 7% this AM as state owned banks have stopped the dollar sales […]

Arabian Post Staff A Free Trade Agreement (FTA) between China and GCC could be a game changer to boost the region and galvanise Middle Eastern economic transformation, according to a former Lebanese minister. Although the deal is yet to be signed, there is a strong indication it will be finalised after China’s Foreign Minister Qin Gang requested for it to be done “as soon as possible” following […]

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By K Raveendran The decision by OPEC+ to enforce no official cuts, and yet a voluntary cut by swing producer Saudi Arabia, has had only limited upside price pressure, but the long-term price development will hinge on macroeconomic sentiment and the possible extension of the voluntary Saudi Arabian production cut beyond July. After more than […]

The post Oil Market Hinges On Possibility Of Saudi Production Cut Extension Beyond July first appeared on IPA Newspack.

Matein Khalid My muse is the Kingdom tonight – not the kingdom of heaven but the Kingdom of Saudi Arabia. Prince Abdulaziz reinforced Saudi Arabia’s role as the swing producer of OPEC+ at Vienna with a voluntary 1MBD output cut and his energy diplomacy gave UAE a 200,000 barrel a day quota increase. The impact on oil prices has not been dramatic as Brent is now $77 […]

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Arabian Post Staff UAE banks are in a comfortable net external asset position and their loan to deposit ratios are among the strongest in the region, S&P said in a report on GCC banking. Banks have been accumulating local deposits over the past 15 months amid muted lending growth. S&P said it does not expect an acceleration of lending, so UAE banks’ funding profiles should continue to […]

By Nantoo Banerjee The cat is out of the bag. India is not the only country using imported Russian oil to export processed petro-products. West Asian oil giants, led by Saudi Arabia, are buying millions of barrels of Russian diesel oil, which is banned in Europe, to sell the product to buyers in the European […]

The post More Russian Oil Is Making Backdoor Entry Into NATO Nations Via Saudi Arabia, UAE first appeared on IPA Newspack.

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By Nantoo Banerjee India’s Ministry of External Affairs (MEA) has probably never faced such a situation as it is now to engage in a positive diplomacy with the world’s three warring super powers — the US, China and Russia. India is getting increasingly trapped in the international power tussle following the Russia-Ukraine war. The growing […]

The post India’s Triangular Relationship With Russia, China And The US Is Under Pressure first appeared on IPA Newspack.

By James M Dorsey Religious conservatives and nationalists in the Muslim world and beyond have the wind in their sails. So do Arab autocrats, even if they increasingly cloak themselves in nationalism rather than religious conservatism. Last week’s first election round in Turkey saw conservatives and ultra-nationalists win control of parliament. At the same time, […]

The post Culture Wars Bubble Below The Surface Across Arab Region first appeared on IPA Newspack.

By Amiad Horowitz A new chapter in the modern history of the Middle East is beginning, and what’s most significant about it is the dwindling influence of the United States. Back in March, the People’s Republic of China helped broker a groundbreaking diplomatic rapprochement between the Kingdom of Saudi Arabia and the Islamic Republic of […]

The post Middle East Nations Are Distancing From Washington’s Diplomatic Moves first appeared on IPA Newspack.

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By Nantoo Banerjee The government and the Reserve Bank may disagree, but the way the country’s trade deficits and external debt are rising it may be a matter of time before India goes for another IMF-World Bank bail out. The current indicators on the two counts are hardly comfortable. Take the debt position first. The […]

The post India’s Growing Trade Deficit And Debt Burden Are A Matter Of Concern first appeared on IPA Newspack.

Jammu and Kashmir will host the third tourism working group meeting of G20 countries in capital Srinagar from today amid tight security. This is the first such international event in the region after Centre revoked Jammu and Kashmir’s special status and stripped of its statehood in August 2019. A glittering facelift has been given to […]

The post Security tightened ahead of G20 meet in Srinagar first appeared on IPA Newspack.

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By Dr. Gyan Pathak India is being denounced by trade unions across the G20 economies for government’s decision to block participation of independent trade unions in G20 meeting, including L20 meeting on labour and G20 Energy Transition Working Group (ETWG), which is resulting in worker’s voices going unrepresented. While the government-backed BMS will hold sham […]

The post India Denounced For Blocking Independent Trade Unions At G20 Meetings first appeared on IPA Newspack.

China has opposed the holding of a G20 meeting in Kashmir, while Turkey and Saudi Arabia have not registered for the event to be held in Srinagar. On Friday, Chinese Foreign Ministry spokesperson Wang Wenbin said that “China firmly opposes holding G20 meetings in any form in ‘disputed’ areas and will not attend such meetings.” […]

The post China opposes G20 meeting in Kashmir; Saudi, Turkey stay off first appeared on IPA Newspack.

By P. Sudhir The Quad, consisting of four countries, the United States, Japan, Australia and India is gradually taking the shape of a security alliance which was the intent of the original name of the grouping – the Quadrilateral Security Dialogue. The security angle was highlighted by the recent meeting of the military chiefs of […]

The post Quad Is A US Led Security Alliance Aimed To Counter China In Asia-Pacific first appeared on IPA Newspack.

By James M Dorsey With Saudi-hosted talks to end Sudan fighting producing minimal results and Arab states supporting rival forces, de-escalation in the Middle East faces a major test. So does Gulf states’ ability to employ dollar diplomacy to persuade poorer Arab brethren to align with the policies of countries like Saudi Arabia and the […]

The post Sudan Tests The Limits Of Middle Eastern De-Escalation, Dollar Diplomacy first appeared on IPA Newspack.

By K Raveendran Contrary to what is considered to be the general perception, post-millennial Gen Z-ers, meaning those who are aged between eight and 23 years, are more likely than other generations to cite negative feelings about social media. They are also more likely to report having poor mental health. These are among the findings […]

The post Gen-Z More Aware Of Negative Aspects Of Social Media Platforms Than Other Generations first appeared on IPA Newspack.

By Subrata Majumder Concerns loomed large on India’s neutral stand on Russian invasion of Ukraine for its separation from the US led global market and eventually backlash on its growth. In contrast, the situation took a reverse gear. India, not only sustained the growth, but is expecting the hegemony in the global growth in 2023. […]

The post India’s Neutral Position In Ukraine War Was A Boost To The Economy In 2022-23 first appeared on IPA Newspack.

Matein Khalid I have been fascinated by the global commodities markets ever since I lost a semester’s tuition at Penn trading silver futures at EF Hutton. Family folklore tells me that my ancestral clan traded physical commodities in British India for generations and the Great Depression plus General Yamashita’s assault of Fortress Singapore devastated my paternal grandfather’s godown/inventory, though cousins in Paris and Dubai are still among […]

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