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India is expected to witness an exodus of millionaires and may lose 6,500 high-net-worth individuals (HNWIs) in 2023, according to the Henley Private Wealth Migration Report 2023, which tracks wealth and investment migration trends worldwide. China has been ranked first in terms of the outflow of millionaires from the country this year. It is predicted […]

The post Millionaires migration: India’s loss is Dubai’s gain first appeared on IPA Newspack.

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.

Rujira Banerjee, wife of Trinamool leader Abhishek Banerjee, was allegedly stopped by immigration authorities here from boarding a flight to Dubai citing a “lookout” notice by a central investigating agency, her lawyer said. According to sources, Rujira reached Netaji Subhas Chandra Bose International Airport with her two children around 7 am to board a flight […]

The post Abhishek Banerjee’s wife stopped from Dubai flight first appeared on IPA Newspack.

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.

By Nantoo Banerjee India’s Ministry of External Affairs (MEA) has probably never faced such a situation as it is now to engage in a positive diplomacy with the world’s three warring super powers — the US, China and Russia. India is getting increasingly trapped in the international power tussle following the Russia-Ukraine war. The growing […]

The post India’s Triangular Relationship With Russia, China And The US Is Under Pressure first appeared on IPA Newspack.

By James M Dorsey Religious conservatives and nationalists in the Muslim world and beyond have the wind in their sails. So do Arab autocrats, even if they increasingly cloak themselves in nationalism rather than religious conservatism. Last week’s first election round in Turkey saw conservatives and ultra-nationalists win control of parliament. At the same time, […]

The post Culture Wars Bubble Below The Surface Across Arab Region first appeared on IPA Newspack.

By Amiad Horowitz A new chapter in the modern history of the Middle East is beginning, and what’s most significant about it is the dwindling influence of the United States. Back in March, the People’s Republic of China helped broker a groundbreaking diplomatic rapprochement between the Kingdom of Saudi Arabia and the Islamic Republic of […]

The post Middle East Nations Are Distancing From Washington’s Diplomatic Moves first appeared on IPA Newspack.

By Nantoo Banerjee The government and the Reserve Bank may disagree, but the way the country’s trade deficits and external debt are rising it may be a matter of time before India goes for another IMF-World Bank bail out. The current indicators on the two counts are hardly comfortable. Take the debt position first. The […]

The post India’s Growing Trade Deficit And Debt Burden Are A Matter Of Concern first appeared on IPA Newspack.

By P. Sudhir The Quad, consisting of four countries, the United States, Japan, Australia and India is gradually taking the shape of a security alliance which was the intent of the original name of the grouping – the Quadrilateral Security Dialogue. The security angle was highlighted by the recent meeting of the military chiefs of […]

The post Quad Is A US Led Security Alliance Aimed To Counter China In Asia-Pacific first appeared on IPA Newspack.

By James M Dorsey With Saudi-hosted talks to end Sudan fighting producing minimal results and Arab states supporting rival forces, de-escalation in the Middle East faces a major test. So does Gulf states’ ability to employ dollar diplomacy to persuade poorer Arab brethren to align with the policies of countries like Saudi Arabia and the […]

The post Sudan Tests The Limits Of Middle Eastern De-Escalation, Dollar Diplomacy first appeared on IPA Newspack.

By K Raveendran India’s integration into the global value chains and favourable container pricing trends are making the country an ideal choice as an attractive ‘China plus one’ alternative. The improvement in container availability, coupled with falling rates, is offering a great opportunity for container trading and leasing in the Indian sub-continent as the world […]

The post India Emerges As Key Player In ‘China Plus One’ Strategy Of Global Container Trade first appeared on IPA Newspack.

By James M Dorsey America is in decline. Eclipsed by China’s rise, it is shifting attention from the Middle East to the Indo-Pacific. That is one refrain in the analysis of three seemingly paradigm-challenging developments in the past month: a Chinese-mediated restoration of diplomatic relations between Saudi Arabia and Iran, the kingdom’s association with the […]

The post The Fallacy Of US Policy To Effect A Withdrawal From Middle East first appeared on IPA Newspack.

By Anjan Roy The world has suddenly been pushed into a deeper crisis by a sudden decision of Saudi Arabia to cut oil production. Following the Saudi decision, the OPEC-plus members have also announced commensurate reduction in their oil production. Russia, Kuwait, UAE, Iraq, Algeria and Oman have also declared production cuts. The cuts will […]

The post Oil Producers Send The Global Economy In A Tizzy With Sudden Production Cut first appeared on IPA Newspack.

By James M Dorsey A push by Arab allies of the United States to bring Syria in from the cold highlights the limits of a Chinese-mediated rapprochement between the Middle East’s archrivals, Saudi Arabia and Iran. The effort spearheaded by the United Arab Emirates, and supported by Saudi Arabia, Egypt, and Jordan, demonstrates that the […]

The post Arab Plan For Syria Puts Europe And America In A Bind first appeared on IPA Newspack.