By Nantoo Banerjee India has been put in a peculiar situation by Russian oil exporters as they prefer Yuan payment against the purchase of Russian crude by Indian importers. Of late, the latter are believed to be spending billions of dollars in buying Chinese Yuan to pay for Russian imports. This is despite the India […]
The post India’s Import Of Cheaper Russian Oil Falls Into Chinese Yuan Trap first appeared on IPA Newspack.
By James M Dorsey A recent 27-year, four million-tonne liquefied natural gas (LNG) Qatari export agreement with China, the longest in gas export history, highlights different Gulf state approaches to navigating big power rivalry between the People’s Republic and the United States. Widely seen as giving China a grip on Qatari gas, the deal is […]
The post Qatar, America’s Best Friend In The Gulf, Is Simultaneously Wooing China first appeared on IPA Newspack.
Reserve Bank of India (RBI) and Central Bank of UAE (CBUAE) yesterday signed two agreements in Abu Dhabi to establish a framework for cross-border transactions in local currencies and interlinking of payment and messaging systems. The agreements were exchanged between the two governors, in the presence of the Prime Minister of India Narendra Modi and […]
The post UAE, India agree on use of local currency for trade first appeared on IPA Newspack.
Over the past ten years, the true believers of the cryptocurrency revolution have turned what was once considered the gallery of the financial world into a new trillion-dollar asset class. Now they are ready to receive congratulations counting their digital coins. At the same time, even among entrepreneurs, not everyone has a clear idea of what cryptocurrency is and how to work with it. This is how […]
By Arun Kumar Shrivastav After shaking the foundation of traditional finance and making central banks give a war cry, the cryptocurrency world faces one of its most critical moments as it moves forward nonchalantly. With over a trillion dollars in market cap and the bitcoin keeping in the range of $26,000, it’s not a doom […]
The post US SEC’s Lawsuits Against Binance And Coinbase Hit Cryptocurrency Market first appeared on IPA Newspack.
Research reveals 4 in 10 APAC CIOs view global connectivity as critical to growth, while 32% believe global growth ambitions are constrained by legacy systems SINGAPORE – Media OutReach – 20 June 2023 – New research of global CIOs launched today from Expereo reveals that large global enterprises are moving ‘Faster to the Future’ with an increased focus on technology investment to fuel growth through global expansion. […]
India is expected to witness an exodus of millionaires and may lose 6,500 high-net-worth individuals (HNWIs) in 2023, according to the Henley Private Wealth Migration Report 2023, which tracks wealth and investment migration trends worldwide. China has been ranked first in terms of the outflow of millionaires from the country this year. It is predicted […]
The post Millionaires migration: India’s loss is Dubai’s gain first appeared on IPA Newspack.
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.
Rujira Banerjee, wife of Trinamool leader Abhishek Banerjee, was allegedly stopped by immigration authorities here from boarding a flight to Dubai citing a “lookout” notice by a central investigating agency, her lawyer said. According to sources, Rujira reached Netaji Subhas Chandra Bose International Airport with her two children around 7 am to board a flight […]
The post Abhishek Banerjee’s wife stopped from Dubai flight first appeared on IPA Newspack.
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.
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.
