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Chinese Yuan Beats Euro, Is 2nd Most Used Currency In Global Payments System SWIFT

NEW DELHI: The Chinese yuan has surpassed the euro to become the world’s second-most used currency in SWIFT trade settlements, according to data from the international SWIFT system. This marks a significant milestone in China’s efforts to internationalise its currency. As of September 2023, the yuan accounted for 5.8% of international payments, up from 4.82% […]

The post Chinese Yuan Beats Euro, Is 2nd Most Used Currency In Global Payments System SWIFT first appeared on Latest India news, analysis and reports on IPA Newspack.

A bullish macro ballast on Dalal Street

Matein Khalid While hardly news to the cognoscenti of Dalal Street and Planet Desiwalla, India’s stock market has been on a roll and it seems as if everyone of the 330 million gods in the Hindu pantheon were cheerleaders for its bullish macro ballast. If James Bond has a license to kill, India is a license to make money since the end of the near biblical macro […]

Russia Makes Up 40% Of Indian Oil Imports, Dents OPEC’s Share

The share of Russian oil in India’s overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow’s position as the top supplier as refiners curbed purchase from the Middle East, industry data showed. India, the world’s third largest oil importer and consumer, has emerged as the top buyer of the […]

The post Russia Makes Up 40% Of Indian Oil Imports, Dents OPEC’s Share first appeared on Latest India news, analysis and reports on IPA Newspack.

Al Marar leads UAE delegation to extraordinary meeting of OIC Executive Committee at Foreign Minister level to discuss developments in Palestinian territories

ICESCO grants EAD’s Secretary General Kingdom of Saudi Arabia Award for Environmental Management in Islamic World

Climate action: Report finds MENA business community lagging behind

Arabian Post Staff While MENA countries have demonstrated a growing commitment to climate action through net-zero targets, action from the business community still lags behind that of global peers, and consumers still underestimate their regional vulnerabilities, a report jointly prepared by the World Economic Forum and Bain & Company said. The report focusses on nine major MENA economies: Saudi Arabia, UAE, Egypt, Qatar, Kuwait, Morocco, Oman, Tunisia, […]

For His Electoral Gains, Biden Is Pushing US Towards A Global War

By Arun Srivastava Rightist forces do not empathise with the human and humanity. Humanitarian emotions and sensibilities have been unknown commodities for them. Hitler crushed the humanity and the worst victims of his tyrannies were the Jew. It is ironical that now the same Jews are perpetrating the worst kind of torture on the Muslims […]

The post For His Electoral Gains, Biden Is Pushing US Towards A Global War first appeared on Latest India news, analysis and reports on IPA Newspack.

Next Forty Eight Hours Are Crucial For Hamas-Israeli War

By Nitya Chakraborty The Hamas-Israeli war entered its 12th day on Wednesday with the clashes between two sides intensifying leading to all the possibility of being turned into a dreadful regional war. So far more than three thousand Palestinians have been killed, including about five hundred who were killed when a hospital was bombed in […]

The post Next Forty Eight Hours Are Crucial For Hamas-Israeli War first appeared on Latest India news, analysis and reports on IPA Newspack.

Study ranks UAE as least cyber-secure

Arabian Post Staff Despite its high internet usage, the United Arab Emirates has the lowest National Cyber Security Index score at 40.26, making it the least cyber-secure country in a study conducted by Proxyrack. The study revealed which developed countries are at most at risk of cybercrime globally and with a cybercrime risk score of 8.18/10, United Arab Emirates features in the top 10. The study was […]

The Israel – Palestinian Conflagration

By Dr J Scott Younger I first went to Israel in 1971 to present a paper at a Hydraulics Research Conference at the Institute in Tel Aviv in 1971, two years before the Yom Kippur war and four after the 6-day one. I spent a week there all told, and visited Jerusalem, of course, and visited a kibbutz, located between Tel Aviv and Jerusalem. In Jerusalem I […]

Hamas-Israel Armed Conflict Brings Fresh Risks To World Economy

By Nantoo Banerjee It may be a bit early to predict economic consequences of the ongoing Hamas-Israel armed conflict on the world economy, but India is bound to be impacted if the war continues for long and oil prices keep soaring through the coming winter months. The war is now running through the second week. […]

The post Hamas-Israel Armed Conflict Brings Fresh Risks To World Economy first appeared on Latest India news, analysis and reports on IPA Newspack.

An Attack On Israel Was Inevitable From Iran’s Perspective

By M A Hossain On October 7, 2023, Israel suffered its most devastating attack in decades, orchestrated by the Iran-backed Palestinian militant organization, Hamas. Notably, Hamas’s startling well-planned land-sea-air surprise assault from Gaza on Southern Israeli communities claimed the lives of hundreds and took approximately 150 persons hostage, both military and civilian personnel. Israel’s most […]

The post An Attack On Israel Was Inevitable From Iran’s Perspective first appeared on Latest India news, analysis and reports on IPA Newspack.

Israel-Palestine Conflict Sends Ripples Through Shipping And Maritime Industry

By K Raveendran The Israel-Palestine conflict has sent ripples through the shipping and maritime industry, leading international companies to issue cautionary advisories and adapt their operations in the region. In view of the missile attacks and the incursion of opposing militias, the security of transporting goods through the port of Haifa has become uncertain. The […]

The post Israel-Palestine Conflict Sends Ripples Through Shipping And Maritime Industry first appeared on Latest India news, analysis and reports on IPA Newspack.

Saudi Arabia leads in region’s real estate project values

Arabian Post Staff Defying global economic challenges, the Middle East and North Africa (MENA) region’s construction sector continued to demonstrate strong performance with a total of $101 billion worth of projects awarded in the first half of the year, reveals JLL’s latest Construction Market Intelligence report, which is based on insights gathered from industry sources and experts. The largest share of the project value, approximately 67%, came […]

Sharjah International Book Fair to host an impressive 2,033 publishers from 108 nations under the theme ‘We Speak Books’

A country whose time has finally arrived

Matein Khalid Anguished at the atrocities in Israel/Gaza, I turn to a happier and happening EM, my obsession du jour in deal heat. Mel Gibson, Sigourney Weaver and Billy Kwan’s tale of love and betrayal in the twilight of Sukarno’s Jakarta, the year of living dangerously. My interest is now beyond hanging out in the beach clubs of Uluwatu and Kota amid the mysticism and Aussie sheilas […]

Hamas-Israeli Conflict Coincides With 50th Anniversary Of 1973 Oil Shock

By K Raveendran Curiously, the Hamas attack and the Israeli reprisal coincide with the 5oth anniversary of the first oil crisis, which plunged the world into an oil shock of unprecedented proportions, causing energy prices to skyrocket and leading to fuel shortages, particularly in the United States. And by all indications, the results of the […]

The post Hamas-Israeli Conflict Coincides With 50th Anniversary Of 1973 Oil Shock first appeared on Latest India news, analysis and reports on IPA Newspack.

UAE Rulers condole with Saudi King over passing of Prince Mohammed bin Saad Al Saud

Dubai just behind Mumbai in growth of centi-millionaires

Arabian Post Staff Dubai had ended up just behind Mumbai, with centi-millionaire growth of 78% projected over the next 10 years, according to the 2023 Centi-Millionaire Report released by wealth and investment migration advisors Henley & Partners and featuring exclusive data from global wealth intelligence firm New World Wealth. Dubai is followed by China’s main transport and trading nexus Guangzhou (76%), and the world’s most expensive city, […]

Why the US dollar might not be the safe haven you think it is

The US dollar strengthened against most of its major peers this week as traders digested the shock attack by Hamas within Israel. The ICE US Dollar Index DXY, a gauge of the currency’s strength against a basket of rivals, rose 0.5% to 106.52, according to FactSet data. This is hardly surprising as in times of geopolitical crises, investors typically pile into safe haven assets, such as the […]

The gun has won against olive branch

Matein Khalid Once again, the gun has vanquished the olive branch in the Middle East. The dawn assault by masked Hamas gunmen who infiltrated Israeli towns, villages and kibbutzim across the Gaza border and went on a rampage of indiscriminate killing against civilians asleep in their homes and farms. Any act of calculated violence against an unarmed civilian population is an act of terror, whether it was […]

A Tunisian Party Evolves From Islamism To Muslim Democracy

By James M Dorsey Islamic Law is at the centre of debates about what constitutes moderate Islam and what it would take to reform Islam. Essentially, two schools of thought dominate the discussion. Islam’s traditional approach simply picks and chooses which elements of Sharia it opts to ignore. That is the approach adopted by autocratic […]

The post A Tunisian Party Evolves From Islamism To Muslim Democracy first appeared on Latest India news, analysis and reports on IPA Newspack.

Gasoline demand plunges to 25-year low

By Matein Khalid Something is dangerously wrong in a world where the price of crude oil can drop 5.6% in a single session, as it did last night in New York. My short idea on crude oil three days ago and the dissection of the Dubai property cycle was savaged by critics who assured me that I did not understand that Saudi Arabia’s command is Biden’s demand […]

Ahmed bin Mohammed visits Saudi German Hospital in Al Barsha

DUBAI, 3rd October, 2023 (WAM) — His Highness: Aligned with Mohammed bin Rashid’s vision to consoli