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Oil Market Hinges On Possibility Of Saudi Production Cut Extension Beyond July

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.

Saudi role as swing producer reinforced

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 […]

More Russian Oil Is Making Backdoor Entry Into NATO Nations Via Saudi Arabia, UAE

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.

GSS 2023 goes online with month-long Great Shopee Sale starting 6.6

Shoppers can look forward to exciting rewards this mid-year season on Shopee, including earning over 100 million Shopee Coins with Daily Shopee Shake game SINGAPORE – Media OutReach – 1 June 2023 – With more and more shoppers now choosing to start their shopping journey online, Shopee has revolutionised the way Singaporeans shop during the beloved Great Singapore Sale (GSS) that used to happen this period every […]

Rahul says people of India, and not just Cong, will defeat BJP

Congress leader Rahul Gandhi has said after the Karnataka election victory his party will “decimate” the BJP in Telangana and other state polls, emphasising that it is not just the Congress party but the people of India who are going to defeat its hate-filled ideology. “We have shown in Karnataka that we can decimate the […]

The post Rahul says people of India, and not just Cong, will defeat BJP first appeared on IPA Newspack.

Rahul says BJP will be ‘decimated’ in assembly polls

Rahul Gandhi has said that the BJP will be “decimated” in the next three-four assembly elections by the Congress, emphasising that they have the basic requirements that are needed to defeat the ruling party which does not have the support of the vast majority of the Indian population. These remarks were made by Gandhi, who […]

The post Rahul says BJP will be ‘decimated’ in assembly polls first appeared on IPA Newspack.

Hong Kong In-Home Expo 2023 Opens Today

The largest-ever public access, one-stop home expo HONG KONG SAR – Media OutReach – 1 June 2023 – Organized by Exhibition Group Limited, the largest-ever public access one-stop home expo “Hong Kong In-Home Expo 2023” commences today for a four-day run at the Hong Kong Convention and Exhibition Centre. With over 620 quality brands of home goods, appliances, and bedding, alongside numerous interior design and renovation companies […]

BingX Launches Special Events for Peer-to-Peer Crypto-Fiat Traders, Providing Rewards for First Trades

SINGAPORE – Media OutReach – 2 June 2023 – BingX, the leading social trading platform, is proud to announce its innovative peer-to-peer (P2P) trading feature, empowering users to buy and sell cryptocurrencies directly with P2P merchants at the best agreed-upon prices. With BingX P2P, traders can enjoy reduced fees, enhanced trust and security, community interaction, and competitive pricing, making it the go-to platform for seamless and rewarding […]

High Growth Rate Of GDP In 2022-23 Hides Many Concerns Over Its Nature

By Dr. Gyan Pathak India’s growth rate for 2022-23 exceeded expectations. It has now been estimated upward to 7.2 per cent from 7 per cent as per second advance estimate released in February. The magic was the result of a stronger-than-expected fourth quarter growth when GDP rose to 6.1 per cent, in addition to upwardly […]

The post High Growth Rate Of GDP In 2022-23 Hides Many Concerns Over Its Nature first appeared on IPA Newspack.

Get Ready for the Summer’s Hottest Sale With iShopChangi

Get the holidays off to a flying start this June as iShopChangi ushers in the summer with irresistible deals to indulge in. Enjoy over 60% off in sitewide discounts, on top of the hottest deals from your favourite brands this GSS! SINGAPORE – Media OutReach – 1 June 2023 – From 1 June to 31 July 2023, gear up for the shopping event of the year with […]

Gehlot adds free power to pre-poll promises

The Congress has tweaked its free electricity promise — which was hugely successful in Karnataka — for Rajasthan, which will have its assembly election by the end of this year. Free electricity up to 100 units and fixed rate for the next 100 was Ashok Gehlot government’s announcement this evening, which, the Chief Minister said, […]

The post Gehlot adds free power to pre-poll promises first appeared on IPA Newspack.

OctaFX: Bank Negara Malaysia (BNM) is unlikely to raise interest rates as core inflation eases

Will BNM hit the brakes on monetary tightening and leave the rates unchanged: Kar Yong Ang, the OctaFX financial market analyst, shares his opinion. KUALA LUMPUR, MALAYSIA – Media OutReach – 1 June 2023 – Malaysian consumer prices declined in April, driven mainly by easing transport inflation. The consumer price index (CPI) rose by 3.3% in April from a year earlier, the Department of Statistics said on […]

Dubai’s ICD reports Dh36.1b net profits in 2022

By Saifur Rahman Investment Corporation of Dubai (ICD), an investment arm of Dubai Government whose portfolio includes Emirates Airline and Group, FlyDubai, Emirates NBD Bank, Dubai Islamic Bank, Commercial Bank of Dubai, Ithra, Dubai Duty Free and other important assets, reported a 58 percent jump in revenue exceeding Dh267.4 billion (US$72.86 billion) in 2022, up from Dh98 billion (US26.7 billion) in 2021 with a record net profit […]

Slowdown In Containerized Exports Poses Setback To Pro-Export Agenda

By K Raveendran There is a marked slowdown in the containerized exports from India, attributed mainly to a decline in consumer demand for Indian goods in the US, EU and the UK markets, according to data from Container xChange, a leading online platform for container logistics. This trend has impacted the volume of orders received […]

The post Slowdown In Containerized Exports Poses Setback To Pro-Export Agenda first appeared on IPA Newspack.

Dubai fourth most active market for luxury homes

Arabian Post Staff Global HNWI have US$ 2.5 billion to spend on Dubai real estate this year, compared to US$ 3.8 billion spent on homes priced at over US$ 10 million in the emirate last year, according to property consultancy, Knight Frank. Knight Frank’s inaugural Destination Dubai report surveyed 183 HNWI globally, each with a net worth of over US$ 3 million, excluding their main home, or […]

Saif bin Zayed witnesses agreement signing to launch National Housing Platform ‘Darak’

ABU DHABI, 30th May, 2023 (WAM) – H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Min

NITI Aayog Is Steadily Losing Its Relevance As An Useful Think Tank For Planning

By Sushil Kutty There was the Planning Commission, and there’s the NITI Aayog, supposedly a good enough name-swap. The Planning Commission became NITI Aayog in 2015, a year after Prime Minister Narendra Modi did his first flat-out ‘shastang pranam’ in Parliament, the old one. Today, nine years and a second ‘shastang pranam’ later, this one […]

The post NITI Aayog Is Steadily Losing Its Relevance As An Useful Think Tank For Planning first appeared on IPA Newspack.

Cong poses 9 inconvenient questions to PM Modi

With Prime Minister Narendra Modi completing nine years in office, the Congress on Friday asked him nine questions on issues such as rising prices, unemployment and farmers’ income, and demanded an apology for the “betrayal” during his tenure. The Opposition party also said the government should mark this day as ‘Maafi Diwas’. Former Congress chief […]

The post Cong poses 9 inconvenient questions to PM Modi first appeared on IPA Newspack.

Exchange Rate Depreciation Leads To Lowering Of The Real Wages Rate

By Prabhat Patnaik Most people, including even trained economists, fail to appreciate the fact that an exchange rate depreciation, if it is to work in reducing the trade deficit in a capitalist economy, must necessarily hurt the working class by lowering the real wage rate. A capitalist economy, looking at it differently, improves its trade […]

The post Exchange Rate Depreciation Leads To Lowering Of The Real Wages Rate first appeared on IPA Newspack.

Integrated Development The Reserve Residences by Far East Organization and Sino Group launches on 27 May 2023

Prices start from $2,300psf and S$1.11 million for a 1-bedroom apartment Sales gallery has received about 15,500 visitors since the preview commenced on 12 May 2023 732-unit residence is part of Bukit Timah’s first mixed-use integrated development with a transport hub with direct access to Beauty World MRT Station SINGAPORE – Media OutReach – 25 May 2023 – Far East Organization (远东机构), together with its joint venture […]

UN, partners seek $7 billion to prevent catastrophe in Horn of Africa

US Debt Default May Be Unlikely But India Has To Be Ready With Precautions

By Anjan Roy The global financial circles are agog with speculation about the prospects of the US government defaulting on its payments. This is because the two major parties in America have so far failed to agree on raising the ceiling of US government borrowing. This is currently at $25 trillion. The Biden  government has […]

The post US Debt Default May Be Unlikely But India Has To Be Ready With Precautions first appeared on IPA Newspack.

Tickets for Bryan Adams in Dubai are now on sale

Pakistan’s Political Turmoil Has Implications For Global Security

By M A Hossain Pakistan is currently in a critical juncture of political turmoil which is posing a threat to its sovereignty as well as growing concerns about global security.  Not only that, if Pakistan fails to address the crisis, then definitely it will be the beginning of the extinction of democratic values regionally. Pakistan […]

The post Pakistan’s Political Turmoil Has Implications For Global Security first appeared on IPA Newspack.