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The crude oil market share of the Organization of Petroleum Exporting Countries (OPEC) has been declining since the cartel  came out with its Declaration of Cooperation (DoC). The share is under increasing threat from non-OPEC+ countries, analysts say. According to research agency BMI, a unit of Fitch Solutions, propping up Brent through DoC has come […]

The post OPEC Losing Crude Oil Market Share As It Cuts Output To Lift Prices first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The country’s exports of goods and services rose marginally by 0.4 per cent to USD 765.6 billion in 2023 despite global economic uncertainties, according to the commerce ministry data. Sectors which helped keep India’s exports afloat include electronics, pharmaceuticals, cotton yarn, fabrics and made-ups; ceramic products, meat, dairy and poultry products, fruits and […]

The post India’s Goods & Services Exports Rise By .4 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.

By Ashis Biswas In Bangladesh, the recent Awami League (AL) victory in the 2024 parliamentary polls has left major world powers sharply divided and common people confused. Significantly, the none-too-unpredictable outcome has not left too many Bangladeshis noticeably jubilant, excepting ruling AL leaders. The comfortable margin of the AL’s victory has bought ruling Prime Minister […]

The post A Confident Sheikh Hasina Is Set To Combat West’s Political Pressure In Her Fresh Term first appeared on Latest India news, analysis and reports on IPA Newspack.

The United Arab Emirates (UAE) is one of the wealthiest federations in the world, and most of its income comes from oil production. It also has some of the strictest laws regarding what people can enjoy in their free time. While smoking in private is allowed, drinking alcohol, kissing in public, and consuming THC and CBD are all prohibited. [/caption] The rules mainly apply to locals, and while […]

NEW DELHI: India’s trade deficit in December narrowed to a three-month low of $19.8 billion amid an import slowdown due to falling commodity prices. Merchandise exports during the month grew 0.97 per cent over a year earlier to $38.45 billion, contrary to the trend of a slowdown so far this financial year, showed data released […]

The post Trade Deficit Falls To Three-Month Low Of $19.8 Billion In December first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The negotiations on India-Oman free trade agreement that were racing towards concussion may drag a bit longer as Indian petrochemical producers have opposed any deep duty cuts on polypropylene and polyethylene that might be offered in the pact. Both polypropylene and polyethylene, key raw materials for plastics, currently attract import tax (basic customs […]

The post Petrochemical Industry Opposes Oman FTA, Deal May Be Delayed first appeared on Latest India news, analysis and reports on IPA Newspack.

DUBAI, UAE – Media OutReach Newswire – 5 January 2024 – BSH, MoneyGram Novo Nordisk, Globalpharma and Middle East Specialized Cables are recognized as the top 5 best places to work in UAE for 2023 according to the annual prestigious “Best Places to Work” certification program. Best Places to Work is an international certification program, considered as the ‘Platinum Standard’ in identifying and recognizing top workplaces around […]

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NEW DELHI: The Supreme Court on Wednesday refused to order inquiries into Adani Group by a special investigation team (SIT) or the Central Bureau of Investigation (CBI) — a major relief to the business house — over US short-seller Hindenburg Research’s allegations of fraud, misgovernance and stock price manipulation. It said the Securities and Exchange […]

The post Supreme Court Backs SEBI Inquiry Into Adani, Rejects Any Other first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee The world is finally recognizing India’s economic strength and its fast-growing market size. Going by the overall development trend, the economy is capable of growing close to 10 percent annually over the next several years. In 2023-24, the economy may reach a growth rate of seven percent. Both domestic and foreign investors […]

The post Surging Demand, Rising Investment Put India’s Economy On Top Gear first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna India and the UAE recently completed their first transaction in rupees for crude oil from the Emirates. A major shift in how global trade is conducted, typically done in dollars, this step is a significant boost to the growing trade between India and the UAE, which is likely to surpass the $100 […]

The post India-UAE Embrace The Rupee In Oil Transactions first appeared on Latest India news, analysis and reports on IPA Newspack.

DUBAI, UAE – Media OutReach Newswire – 26 December 2023 – The Best Places to Work organization announced today the top 30 Best Places to Work in Middle East for 2023. Topping this year’s ranking was BSH, the leading manufacturer of home appliances followed by AstraZeneca and McDonald’s. The certification recognizes employer excellence by evaluating the quality of the people practices and the employee experience around 8 […]

By K Raveendran The imposition of extra tariff on Chinese gold jewellery exports by the United States has helped the Indian jewellery export trade to dislodge the United Arab Emirates as the country’s leading export market. The tariff on Chinese jewellery has made Indian exporters more competitive on the one hand, while the Comprehensive Economic […]

The post Tariff On Chinese Gold Jewellery Helps U.S. Replace UAE as India’s leading export market first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The 28th Conference of the Parties of the United Nations (UN) Framework Convention on Climate Change (COP28), hosted by oil exporter United Arab Emirates (UAE), adopted the idea of “transitioning away from fossil fuel” in the final decision text, marking the first instance of such a decision in the three decades of COP’s […]

The post COP28 Nations Agree To ‘Transition Away’ From Fossil Fuels first appeared on Latest India news, analysis and reports on IPA Newspack.

By Anjan Roy It was a contradiction in terms. One of the largest producers of fossil fuels, UAE, was hosting the UN talks on limiting use of such fuels to cut down CO2 emissions and thereby help keep earth’s temperature rise within the stipulated 1.5 degrees above pre-industrial levels.   At the end of the […]

The post COP28’s Agreed Document Is A Bundle Of Contradictions On Major Issues first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran It is no surprise that COP28 Dubai has proceeded the way it has. As member countries grappled with how to formalise and approach towards the most sensitive issue of fossil fuels, the climate summit had to be extended to try and work out a consensus. According to latest reports emerging the vibrant […]

The post COP28 May Have Avoided A Showdown, But Conflict Points Remain Largely Unresolved first appeared on Latest India news, analysis and reports on IPA Newspack.

SINGAPORE – Media OutReach Newswire – 13 December 2023 – FOMO Pay, a Singapore-based digital payment leader, has joined forces with Zand Bank, the UAE’s first digital bank, in a strategic partnership to facilitate seamless cross-border payments between the dynamic markets of Asia and the Middle East and North Africa (MENA). This collaboration aims to enhance cost-effectiveness and time efficiency in B2B cross-border transactions, providing businesses with […]

By Dr. Gyan Pathak COP28 draft negotiation text released on reduction of fossil fuel has generated great criticism and fury, since it stops short of phasing out fossil fuels, and therefore no agreement was reached within the deadline. Negotiators are now awaiting new text, talks continue beyond the deadline, but there is no sign that […]

The post COP28 Draft Negotiation Text Frustrates Hope Of Phasing Out Of Fossil Fuel first appeared on Latest India news, analysis and reports on IPA Newspack.

DUBAI, UNITED ARAB EMIRATES – Media OutReach Newswire – 12 December 2023 – Recently, 198 Parties gathered in Dubai, the United Arab Emirates (UAE), to attend the 28th meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28). Their aim is to find solutions for humanity in the race against time to combat the climate crisis. Participating guests perform the […]

In the United Arab Emirates (UAE), online trading has become an increasingly popular avenue for both local and international investors. The growth of this sector is underpinned by robust regulatory frameworks and the emergence of diverse trading opportunities. Understanding the nuances of online trading in UAE is essential for anyone looking to navigate this dynamic market. The Landscape of Online Trading in the UAE The UAE has […]

James M Dorsey The United Arab Emirates walks a geopolitical tightrope, juggling big power rivalries and mounting regional instability fuelled by the Gaza war.  Putin’s movements beyond the confines of Russia are restricted. Signatories of the Rome Statute that established the International Criminal Court are obliged to arrest Putin against whom the court has issued a Ukraine-related international arrest warrant. Visiting the UAE and Saudi Arabia was a […]

NEW DELHI: The government has banned exports of onion till March next year with a view to increase domestic availability and to keep prices in check. “Export policy of onions… Is amended from free to prohibited till March 31, 2024,” the Directorate General of Foreign Trade (DGFT) said in a notification. Local vendors in the […]

The post India Bans Onion Exports Till March Next Year first appeared on Latest India news, analysis and reports on IPA Newspack.

Trinamool MP Mahua Moitra has been expelled from the Parliament after Ethics Panel’s recommendation over cash-for-query row. Opposition INDIA bloc leaders questioned the Lok Sabha Ethics Panel recommendation for expelling Trinamool Congress MP Mahua Moitra, and accused the BJP-led government of doing “vendetta politics”. The report was tabled in the Lok Sabha today amid an uproar […]

The post Mahua expelled from parliament in cash-for-query case first appeared on Latest India news, analysis and reports on IPA Newspack.

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has signed a joint development agreement with the Jordanian Ministry of Energy and Mineral Resources to develop a 1 gigawatt (GW) wind project with a battery energy storage system (BESS), and a memorandum to explore the feasibility of establishing a green hydrogen plant. The agreements with the Ministry were signed at COP28 by Masdar […]

Exxon Mobil Corp. and Saudi Arabia’s Aramco, the world’s largest private and state-sector oil companies, led a pledge by 50 oil and gas producers at the COP28 climate summit to cut emissions from their own operations. The deal is controversial given none of the companies are agreeing to reduce oil and gas production. But they […]

The post COP28 Climate Summit 2023: Exxon, Aramco Lead Emissions Cut Pledge first appeared on Latest India news, analysis and reports on IPA Newspack.

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