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CAIRO: Dubai-based fintech startup Tabby raised $58 million in a series C funding round from international investors as they valued the buy now, pay later service provider at $660 million. The

By Arun Kumar Shrivastav After months of struggling to bring the economy back in shape, Pakistan is finally close to the moment when its forex reserves will be completely drained and it would start defaulting on payments to its creditors. Its forex reserves currently stand at $5.5 billion which is enough for meeting imports barely […]

The post Acute Food Crisis In Pakistan Reaches Critical Proportion Leading To Anarchy first appeared on IPA Newspack.

By K Raveendran There is one thing common among the Indian CEOs of global IT giants: all of them completed their higher education from a leading foreign university. Such exposure decidedly put them into the big league and the corollary is that the lack of a foreign degree is as good as a disqualification for […]

The post Indian Universities Need To Break Out Of Text Book Education first appeared on IPA Newspack.

RIYADH: The Abu Dhabi National Oil Co. has allocated as much as 55 billion dirhams ($15 billion) as part of a new strategy aimed at accelerating the reduction in its global emissions, according to a

By Prakash Karat India abstained on a resolution adopted by the United Nations General Assembly on December 31, 2022 that asked International Court of Justice (ICJ) to render its opinion on the legal consequences of Israel’s prolonged occupation of Palestinian territories. The resolution was passed with 87 countries supporting and 26 opposing.  India abstained along […]

The post Under PM Narendra Modi, India Resiles Itself From Palestinian Cause first appeared on IPA Newspack.

RIYADH: Underpinned by a rebound in domestic activity, the UAE economy has quickly survived the economic impact of COVID-19, with near-term economic growth remaining strong, according to a top

By K Raveendran A relatively disappointing year-end and a possible less dramatic interplay between inflation and central bank intervention globally have India’s domestic gold trade keeping its fingers crossed over what could happen in 2023. November-December months have been less than reassuring for the domestic trade, with soft retail demand forcing discounting of prices, which […]

The post After A Disappointing Season Gold Trade Hopes For Better Luck Next Year first appeared on IPA Newspack.

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DUBAI: The UAE’s central bank expects real gross domestic product growth of 7.6 percent this year, an upward revision of more than a percentage point, while lowering expectations for growth next

RIYADH: In a first-of-its-kind listing in Dubai, the Bank of China’s Dubai branch has issued the 2025-maturing bonds at a yield of 4.84 percent as BOC’s previous such listing was issued by its Abu

By James M Dorsey Pomp and circumstance are important. So are multiple agreements to be signed during Chinese President Xi Jinping’s visit to Saudi Arabia this week, his first venture beyond East and Central Asia in three years. No doubt, Xi’s reception will be on par with the welcoming of Donald J. Trump when he […]

The post Xi’s Visit To Saudi Arabia Amounts To More Than Pomp And Ceremonies first appeared on IPA Newspack.

By Saifur Rahman Abu Dhabi economy recorded 11.6 percent growth in the first half of 2022, compared to the corresponding period in 2021, according to a statement issued by the Statistics Centre – Abu Dhabi (SCAD), making it the fastest-growing economy in the world this year, as per available information. At the end of the first half of 2022, the real Gross Domestic Product (GDP) at constant prices exceeded […]

By James M Dorsey Barely out of the starting blocks, the Qatar World Cup has already produced a fair share of upsets as well as politically and personally sensitive situations and incidents. Qatar’s 2:0 loss to Ecuador in the tournament’s opening match will have reinforced critics’ conviction that the Gulf state should never have been […]

The post Qatar World Cup Produces Soccer Upsets, Politics And Sensitive Situations first appeared on IPA Newspack.

By P. Sreekumaran India and the United Arab Emirates (UAE) are all set to deepen their already warm relationship. The development is bound to have a beneficial bearing on India’s relations with the other countries of West Asia. Topping the list is a food security cooperation under the I2U2, a new West Asian quadrilateral initiative, […]

The post India-UAE Economic Relations Set To Reach New High With Food Security Pact first appeared on IPA Newspack.

RIYADH: The UAE business fraternity puts the pedal to the metal this week with a slew of announcements reflecting its capital adequacy and financial stability in the public and private sectors. Dubai

RIYADH: As demand for quality office space continues to grow in the Middle East region, the UAE’s two major business hubs – Dubai and Abu Dhabi – are expected to witness rental rates moving

Youssef Mouallem At the height of the pandemic, flights ground to a halt and both the travel and aviation industries took immense economic hits. Just as the pandemic changed the way we work and interact, it has also changed the way we now travel. Given the recent travel chaos and number of commercial airlines cancelling flights, people are now looking for travel solutions that offer control, flexibility […]

  By Sushil Kutty Soon, Indians will be watching the gypsy nation drowning in sorrow when it dawns on them that Indians have beaten them for being gypsies! Yup, Indians are global nomads, the multi-flavours of the planet, present under every stone, from the Arctic to the Antarctica—Vasudeva Kutumbakam! The world is one family, but […]

The post India-Indians Everywhere-Football Crazy Desi Fans Swamp World Cup Venue first appeared on IPA Newspack.

DUBAI: Dubai Electricity & Water Authority reported a revenue of 8.5 billion dirhams ($2.3 billion) and a net profit of 3.1 billion dirhams during the third quarter of 2022. This represents an

ZEISS SMILE is the gold standard in laser eye surgery as a non-invasive and painless procedure DUBAI, UAE – EQS Newswire – 10 November 2022 – The North American Lasik & Eye Surgery Centre (https://NorthAmericanLasik.com) in Dubai, UAE is the first clinic in the middle east and the only one in the United Arab Emirates to offer the new ZEISS SMILE® Pro (Small incision lenticule extraction) eye […]

Odoo, an open-source ERP system signed a Memorandum of Understanding with Saudi Arabian Oil Company (“Aramco”) aiming to supercharge growth for small and medium businesses in Saudi Arabia DUBAI, UAE – EQS Newswire – 7 November 2022 – The strategic collaboration between Odoo (https://www.Odoo.com/) and Aramco outlines the long-term goals between the two companies in line with Saudi Arabia’s Vision 2030. Small and medium-sized enterprises (SMEs) are […]

By K R Sudhaman There is a general euphoria with a PIO Rishi Sunak becoming Prime Minister of United Kingdom.  This is natural as India being a vibrant democracy, politics is at its best even on a non-issue. In this, there is some case for celebration with Sunak being a practicing Hindu and for the […]

The post Early India-UK FTA Prospects Brighten With Rishi Sunak Becoming British PM first appeared on IPA Newspack.

By James M Dorsey The threats to Israel’s existence as a democratic Jewish state have multiplied and could weaken or undermine a pillar of Israeli national security: unquestioned US support. Rising anti-Semitism among Christian nationalists, together with Evangelicals, the mainstay of US grassroots support for Israel, threatens to drive a wedge between the community and […]

The post Christian Nationalism A New Threat To Israel’s National Security first appeared on IPA Newspack.

DUBAI: The UAE and Egypt have kick-started celebrations marking the 50th anniversary of bilateral ties between the two countries, Emirates News Agency reported. “The UAE, today, is celebrating, in

BANGKOK, THAILAND – Media OutReach – 25 October 2022 – Aon plc (NYSE: AON), a leading global professional services firm, has named William Pembroke as chief executive officer of Aon Thailand, effective today. Pembroke will be based in Bangkok and report to Owen Belman, chief executive officer of Asia at Aon. He brings 18 years of experience in providing risk management advice to large multinational organisations in […]

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