Matein Khalid The discovery of an elephantine oil gusher in a Damam salt dome in 1937 by Chevron (once Standard Oil of California) geologists is the greatest black swan event in modern Arabian history. This oil gusher heralded the birth of Saudi Arabia as the new geopolitical fulcrum and financial superpower of the Middle East and Washington’s closest ally in the region other than Israel and the […]
Arabian Post Staff In the first half of 2023, the UAE and Japan shared non-oil trade worth US$7.4 billion, a rise of 4.2 percent compared to the same period in 2022. The UAE’s non-oil exports to Japan exceeded US$718 million, while imports from Japan to the UAE amounted to US$6.3 billion in H1 2023. Re-exports from the UAE to Japan reached US$421 million. The importance of the […]
By C.J. Atkins WASHINGTON—Playing the part of classic Cold Warrior in his Thursday night Oval Office speech, President Joe Biden made a sales pitch for a permanent war economy, using democracy as a prop to convince the American people that he needed $105 billion to spend on weapons for Israel, Ukraine, and—unmentioned in his remarks—Taiwan. […]
The post Biden’s Israel-Ukraine Money Appeal Envisions War-Based Economy first appeared on Latest India news, analysis and reports on IPA Newspack.
NEW DELHI: Finance minister Nirmala Sitharaman said on Friday that the government is looking at reducing its debt burden further and has already resorted to prudent spending by resisting the temptation of fiscal profligacy, especially after the pandemic, to avoid burdening future generations. In her inaugural speech at the Kautilya Economic Conclave 2023 in the […]
The post Looking To Cut Debt Burden: FM first appeared on Latest India news, analysis and reports on IPA Newspack.
KOLKATA: The Reserve Bank of India (RBI) is likely to hold repo rates steady for a long period as easing of core inflation and high real interest rates provide comfort, but frequent volatility in food prices – albeit transient – requires monetary policy makers to be vigilant, according to the minutes of the monetary policy […]
The post RBI Cautious On Future Price Shocks, May Hold Repo Steady first appeared on Latest India news, analysis and reports on IPA Newspack.
India is rejecting pressure from Russian oil suppliers to pay for crude imports in the Chinese currency as tensions between New Delhi and Beijing continue to simmer. Some Russian oil suppliers are demanding payment in yuan, according to a senior Indian official directly involved in the negotiations and another senior person at a state-owned oil […]
The post India Pushes Back Against Russia’s Demands To Pay For Oil Imports In Yuan first appeared on Latest India news, analysis and reports on IPA Newspack.
By K Raveendran With signs of a wider conflict in the Middle East becoming stronger by the day, oil market analysts are keeping their fingers crossed over how the evolving scenario is going to shape the future of oil as well as the global economy. As Israel pushes ahead with its Gaza action, bombing more […]
The post Threat Of A Wider Conflict Keeps Oil Market Analysts In A Discomforting Guessing Game first appeared on Latest India news, analysis and reports on IPA Newspack.
By Nilanjan Banik Joseph Campbell, author of “The Hero with a Thousand Faces” and scholar on comparative religions, once recounted a Japanese story. A samurai hunted down his master’s killer and was about to decapitate him when the assassin spat in the samurai’s face. The enraged samurai immediately returned his sword to the sheath and […]
The post Hamas-Israel War, If Not Contained, Has Potential To Damage Global Economy first appeared on Latest India news, analysis and reports on IPA Newspack.
MUMBAI: The Reserve Bank of India’s (RBI’s) ‘State of the Economy’ report has flagged the US dollar’s continued strengthening as a global risk. This will further tighten financial conditions, according to the report, despite India adding more to its foreign exchange (forex) reserves than any other major country holding forex reserves. “Even as energy importers […]
The post Strengthening US Dollar Is A Global Risk: RBI Paper first appeared on Latest India news, analysis and reports on IPA Newspack.
Vinod Sonkar, Chairman of the Ethics Committee of Parliament, told News18 that they are yet to receive any letter from Darshan Hiranandani, the CEO of real estate-to-energy group Hiranandani, against TMC MP Mahua Moitra. According to news agency PTI, Hiranandani admitted at using Moitra’s Parliamentary login to ask questions targeting Adani after state-owned behemoth Indian […]
The post Ethics panel chief disclaims knowledge of Hiranandani letter first appeared on Latest India news, analysis and reports on IPA Newspack.
NEW DELHI: The Centre has initiated discussions for possible export of green hydrogen to France, Italy and Germany. The government is sending the proposals through the Ministry of External Affairs. India is targeting other European Union nations such as Netherlands, Austria and Sweden for its green hydrogen exports. Exports are sought under Article 6.2 of […]
The post Govt Initiates Talks On Green Hydrogen Exports To EU Nations first appeared on Latest India news, analysis and reports on IPA Newspack.
HONG KONG SAR – Media OutReach – 18 October 2023 – Analogue Holdings Limited (“Analogue” or the “Company”, together with its subsidiaries, collectively the “Group”) (stock code: 1977), a leading electrical and mechanical (“E&M”) engineering service provider in Hong Kong, is pleased to announce its global brand of lifts, escalators and moving walkways, Anlev Elevator Group (“Anlev“), has completed the acquisition of two lift companies in the […]
SINGAPORE – Media OutReach – 20 October 2023 – TLUX, a leading lighting provider in Singapore, has announced the expansion of their unique decorative light bulb range with the RN decorative filament LED bulb. These bulbs, which use new LED technology, allow customers to enjoy the classic beauty of traditional tungsten Edison bulbs while reducing their energy consumption. While LED filament vintage bulbs are the standard energy-efficient […]
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, […]
The Commission for Agricultural Costs and Prices (CACP) has called for a review of the government’s open-ended grain procurement policy to restrict rice and wheat purchase from the farmers for the meeting requirement under the National Food Security Act. The open ended procurement policy for rice and wheat has resulted in accumulation of huge stocks […]
The post Review Open-Ended Grain Procurement: CACP first appeared on Latest India news, analysis and reports on IPA Newspack.
New Delhi: India will spend nearly ₹ 143 lakh crore on infrastructure between fiscals 2024 and 2030, more than twice the ₹ 67 lakh crore spent in the past seven financial years starting 2017, rating agency Crisil said today. Of the total, ₹ 36.6 lakh crore will be green investments, marking a five times rise compared with the amount spent during fiscals […]
The post India To Spend Rs 143 Trillion On Infrastructure By 2030 first appeared on Latest India news, analysis and reports on IPA Newspack.
NEW DELHI: The three-day India Mobile Congress (IMC) will showcase the widening convergence of telecom with new domains, such as semiconductors and deep tech, P Ramakrishna, the forum’s chief executive officer, said on Tuesday. With more than 250 global and domestic exhibitors, the seventh edition is expected to draw more than 100,000 visitors this year, […]
The post Semiconductor, Deep Tech To Be In Focus At The India Mobile Congress first appeared on Latest India news, analysis and reports on IPA Newspack.
First-of-its-kind guidance developed to support SMEs within supply chains in tracking and reporting their sustainability disclosures to remain relevant and competitive. KUALA LUMPUR, MALAYSIA – Media OutReach – 18 October 2023 – Capital Markets Malaysia (“CMM“), an affiliate of the Securities Commission Malaysia (“SC“), today launched a Simplified ESG Disclosure Guide (“SEDG“), making Malaysia the first country globally to provide small-to-medium enterprises (“SMEs“) within global supply chains […]
Buyer registration Link HONG KONG SAR – Media OutReach – 18 October 2023 – Organised by the Hong Kong Trade Development Council (HKTDC), the 25th Hong Kong International Lighting Fair (Autumn Edition) and the 8th Hong Kong International Outdoor and Tech Light Expo will be held on 27-30 October at the Hong Kong Convention and Exhibition Centre and 26-29 October at AsiaWorld-Expo respectively. Under the theme “Light […]
Arabian Post Staff Dubai unleashed a new era of global AI dominance as Gitex Global brought together the world’s brightest minds, forward-thinking governments, and the most advanced companies to redefine the boundaries of the AI economy and shape the future of technological revolution on the planet. As driverless car trials continue throughout the world, including the UAE, the impact of driverless mobility on society is starting to […]