Matein Khalid Was King Dollar dethroned in November? The trade weighted US Dollar Index rose 20% from June 2021 to November 2022, its biggest bullish run since the year before the Plaza Accord in 1985. The macro ballast behind the King Dollar trend gained huge momentum after the Powell Fed abandoned its “inflation is transitory” mantra and began to raise interest rates in early 2022. The US […]
By K Raveendran The price cap of $60 for Russian crude is coming into force full steam, with EU countries joining the G-7 and American punitive measure aimed at squeezing out Moscow’s financial resources so as to force it abandon the Ukraine war. A few countries, such as Poland, had initially refused to toe the […]
The post EU Price Cap Of $60 For Russian Oil Takes Hold, Advantage For India first appeared on IPA Newspack.
By Anjan Roy The latest set of figures on the fortunes of the India’s aggregate income, the gross domestic product or better known GDP, shows the Indian economy resilient and on course, despite some weaknesses. The latest GDP figures demonstrate the continuing successes, as well as failures of the Indian economy, its rigidities and flexibilities, […]
The post Indian Economy Has Resilience Despite Global Recessionary Trends first appeared on IPA Newspack.
By Saifur Rahman Investment Corporation of Dubai (ICD), the investment arm of Dubai Government, reported a 1000 percent growth in net profits exceeding Dh14.8 billion in the first half of 2022, on Dh121.1 billion revenues reported in the same period that saw its assets value exceeding Dh1.14 trillion by the end of the first half of this year that reflects the strong growth witnessed by major businesses […]
Arabian Post Staff In the face of the COVID-19 pandemic, a new Gulf consumer is emerging, one with shifting financial sentiments and spending habits, says a McKinsey report. According to its latest Middle East Consumer Sentiment Survey, UAE and Saudi Arabia shoppers are becoming more price sensitive. Twenty-seven percent of UAE respondents earning less than 7,000 dirhams ($1,905) a year reported a preference for trading down in […]
By K Raveendran Deductive logic has gone for a toss when it comes to forecasting international oil price behaviour. Defying all expectations of a spike, crude prices have hovered just about the same level as last year this time, which means the commodity is trading in the $70s range. This is quite a turnaround, given […]
The post Oil Price Behaviour Surprises With A Turnaround Despite Bullish Undertones first appeared on IPA Newspack.
SINGAPORE – Media OutReach – 29 November 2022 – From 1 November to 31 December 2022, celebrate the year-end festivities with iShopChangi, as it rings in the new year with a plethora of exciting deals this Christmas. With sitewide deals and exclusive curated gift sets from renowned brands, it will undoubtedly be a Happy Haul-iday full of treats for travellers and non-travellers alike. Deals for Non-Travellers Not […]
Top categories that Singaporean online shoppers plan to spend more on include groceries, health and personal care, apparel and accessories Almost three in 10 are optimistic that the current economic climate will have no impact on their spending this holiday season More than half (53%) are keen to see more local brands online, but majority (78%) will only purchase if there are good deals and promotions SINGAPORE […]
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 […]
This festive season, LANDMARK celebrates with four charity partners empowered by Hongkong Land HOME FUND HONG KONG SAR – Media OutReach – 25 November 2022 – Celebrate the Love of Giving at LANDMARK this festive season with Mrs Claus and her team of over 80 Christmas Helpers as they create delicious cookie treats to share with family and friends at her magnificent bakery. A bakery complete with […]
By Anjan Roy A Christmas celebration has started at least on the global stock markets. The financial markets are showing a surprising buoyancy and climbing new heights. Indian stock markets jumped up. The representative BSE index rose by close to 1000 points and touched its historic record high of 62,412. The NSE index is also […]
The post Sign Of Easing Of Global Recessionary Trend Is Good For India first appeared on IPA Newspack.
7-Eleven elevates the convenience store experience at the Jewel Changi Airport with an in-store café offering new and exclusive items and a delectable food and beverage range SINGAPORE – Media OutReach – 24 November 2022 – Singapore’s favourite convenience store, 7-Eleven, launched the city’s first 7Café concept store at Jewel Changi Airport, elevating the convenience store experience for customers. Guests can enjoy the relaxed seating space with […]
Arabian Post Staff In spite of the global macroeconomic headwinds and geopolitical instability, the aviation industry has maintained its consistent recovery providing a positive outlook for the year ahead, according to the ACI Asia-Pacific’s Airport Industry Outlook, a quarterly assessment of the airports’ performances. The Airport Industry Outlook for Quarter 3 2022 (July to September) provides a snapshot of airport business performance across the region as well […]
7-Eleven is launching five brand-new 7-Select grab-and-go burgers to give customers a-BUN-dant choice, great value and flavours 24/7! These are just your average burgers and feature tasty and innovative fillings that will be sure to delight! Choose from a new breakfast burger, a Japanese-inspired burger and two brand-new seafood options to fuel you throughout the day. SINGAPORE – Media OutReach – 23 November 2022 – If you’re […]
By Sushil Kutty It’s confirmed. Elections, combined with the politics swirling around them, brings the worst out of politicians, and political parties. Witness what has been happening in Gujarat, and in Delhi with the MCD elections, which has a 15 year anti-incumbency pulling back on the Bharatiya Janata Party’s chances of making it fourth time […]
The post Winning Delhi MCD Is Important Going Forward For Both AAP And The BJP first appeared on IPA Newspack.
Fire, collision and sinking, and damaged cargo are the top causes of marine insurance losses by value, according to Allianz Global Corporate & Specialty’s analysis of more than 240,000 claims worth €9.2bn in value. Inflation is compounding existing trends driving higher claims severity. Soaring prices for steel and spare parts and rising labor costs are impacting hull repair and machinery breakdown claims. Supply chain issues continue to […]
By Prabhat Patnaik There are two defining and portentous features of the current world economic situation. One, which is well discussed, is the world-wide increase in interest rates in response to the pervasive inflationary upsurge; it would indubitably generate recession and unemployment, which, notwithstanding all protestations to the contrary, is the real objective behind it. […]
The post Funds Outflow From Third World Countries Strengthening US Dollar first appeared on IPA Newspack.
As India was handed over the presidency of the G20, the Congress on Wednesday alleged that the grouping’s summit in 2023 will be milked by “the world’s greatest event manager” for the Lok Sabha elections, an apparent jibe at Prime Minister Narendra Modi. India was handed over the presidency of the influential bloc at the […]
The post Cong sees Modi hijacking G20 summit for 2024 bid first appeared on IPA Newspack.
Matein Khalid An asteroid collision with earth 65 million years ago created a mass extermination event that wiped out the dinosaurs. This is an apt metaphor for the monetary tightening of the Powell Fed in 2022 that wiped out so many emerging growth segments in Nasdaq, including several notable electric vehicle (EV) startups now on critical life support. Most wannabe Teslas all over the world are going […]
By Nantoo Banerjee Global investment banker Morgan Stanley may have predicted the current decade as India’s following economic slowdown in China. But, the Indian economy is not growing as fast as it should. Large foreign direct investments (FDI) seem to be fighting shy of India’s highly price sensitive economy. The complexities of an uncertain and […]
The post India Needs Large FDI Inflow To Become Factory To World first appeared on IPA Newspack.
By Arun Srivastava Like an incompetent carpenter who blames the tools for his bad work, Prime Minister Narendra Modi too has started playing the victim card having failed to keep his promises made to the people and provide a people oriented governance. Modi has come to realise that his popularity and charisma were on the […]
The post Prime Minister Narendra Modi Is Playing The Victim Card On The Eve Of Assembly Polls first appeared on IPA Newspack.
By Dr Arun Mitra Humanity is on a “highway to climate hell with our foot on the accelerator”, the UN secretary general has warned, saying ‘the fight for a liveable planet will be won or lost in this decade.’ He told world leaders at the opening of the Cop27 UN climate summit in Egypt, “We […]
The post COP27 Should Take Serious Cognizance Of Nuclear Weapons Abolition Issue first appeared on IPA Newspack.
