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By K Raveendran A relatively disappointing year-end and a possible less dramatic interplay between inflation and central bank intervention globally have India’s domestic gold trade keeping its fingers crossed over what could happen in 2023. November-December months have been less than reassuring for the domestic trade, with soft retail demand forcing discounting of prices, which […]

The post After A Disappointing Season Gold Trade Hopes For Better Luck Next Year first appeared on IPA Newspack.

DUBAI: The UAE’s central bank expects real gross domestic product growth of 7.6 percent this year, an upward revision of more than a percentage point, while lowering expectations for growth next

RIYADH: In a first-of-its-kind listing in Dubai, the Bank of China’s Dubai branch has issued the 2025-maturing bonds at a yield of 4.84 percent as BOC’s previous such listing was issued by its Abu

By James M Dorsey Pomp and circumstance are important. So are multiple agreements to be signed during Chinese President Xi Jinping’s visit to Saudi Arabia this week, his first venture beyond East and Central Asia in three years. No doubt, Xi’s reception will be on par with the welcoming of Donald J. Trump when he […]

The post Xi’s Visit To Saudi Arabia Amounts To More Than Pomp And Ceremonies first appeared on IPA Newspack.

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 […]

By James M Dorsey Barely out of the starting blocks, the Qatar World Cup has already produced a fair share of upsets as well as politically and personally sensitive situations and incidents. Qatar’s 2:0 loss to Ecuador in the tournament’s opening match will have reinforced critics’ conviction that the Gulf state should never have been […]

The post Qatar World Cup Produces Soccer Upsets, Politics And Sensitive Situations first appeared on IPA Newspack.

By P. Sreekumaran India and the United Arab Emirates (UAE) are all set to deepen their already warm relationship. The development is bound to have a beneficial bearing on India’s relations with the other countries of West Asia. Topping the list is a food security cooperation under the I2U2, a new West Asian quadrilateral initiative, […]

The post India-UAE Economic Relations Set To Reach New High With Food Security Pact first appeared on IPA Newspack.

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RIYADH: The UAE business fraternity puts the pedal to the metal this week with a slew of announcements reflecting its capital adequacy and financial stability in the public and private sectors. Dubai

RIYADH: As demand for quality office space continues to grow in the Middle East region, the UAE’s two major business hubs – Dubai and Abu Dhabi – are expected to witness rental rates moving

Youssef Mouallem At the height of the pandemic, flights ground to a halt and both the travel and aviation industries took immense economic hits. Just as the pandemic changed the way we work and interact, it has also changed the way we now travel. Given the recent travel chaos and number of commercial airlines cancelling flights, people are now looking for travel solutions that offer control, flexibility […]

  By Sushil Kutty Soon, Indians will be watching the gypsy nation drowning in sorrow when it dawns on them that Indians have beaten them for being gypsies! Yup, Indians are global nomads, the multi-flavours of the planet, present under every stone, from the Arctic to the Antarctica—Vasudeva Kutumbakam! The world is one family, but […]

The post India-Indians Everywhere-Football Crazy Desi Fans Swamp World Cup Venue first appeared on IPA Newspack.

DUBAI: Dubai Electricity & Water Authority reported a revenue of 8.5 billion dirhams ($2.3 billion) and a net profit of 3.1 billion dirhams during the third quarter of 2022. This represents an

ZEISS SMILE is the gold standard in laser eye surgery as a non-invasive and painless procedure DUBAI, UAE – EQS Newswire – 10 November 2022 – The North American Lasik & Eye Surgery Centre (https://NorthAmericanLasik.com) in Dubai, UAE is the first clinic in the middle east and the only one in the United Arab Emirates to offer the new ZEISS SMILE® Pro (Small incision lenticule extraction) eye […]

Odoo, an open-source ERP system signed a Memorandum of Understanding with Saudi Arabian Oil Company (“Aramco”) aiming to supercharge growth for small and medium businesses in Saudi Arabia DUBAI, UAE – EQS Newswire – 7 November 2022 – The strategic collaboration between Odoo (https://www.Odoo.com/) and Aramco outlines the long-term goals between the two companies in line with Saudi Arabia’s Vision 2030. Small and medium-sized enterprises (SMEs) are […]

By K R Sudhaman There is a general euphoria with a PIO Rishi Sunak becoming Prime Minister of United Kingdom.  This is natural as India being a vibrant democracy, politics is at its best even on a non-issue. In this, there is some case for celebration with Sunak being a practicing Hindu and for the […]

The post Early India-UK FTA Prospects Brighten With Rishi Sunak Becoming British PM first appeared on IPA Newspack.

By James M Dorsey The threats to Israel’s existence as a democratic Jewish state have multiplied and could weaken or undermine a pillar of Israeli national security: unquestioned US support. Rising anti-Semitism among Christian nationalists, together with Evangelicals, the mainstay of US grassroots support for Israel, threatens to drive a wedge between the community and […]

The post Christian Nationalism A New Threat To Israel’s National Security first appeared on IPA Newspack.

DUBAI: The UAE and Egypt have kick-started celebrations marking the 50th anniversary of bilateral ties between the two countries, Emirates News Agency reported. “The UAE, today, is celebrating, in

BANGKOK, THAILAND – Media OutReach – 25 October 2022 – Aon plc (NYSE: AON), a leading global professional services firm, has named William Pembroke as chief executive officer of Aon Thailand, effective today. Pembroke will be based in Bangkok and report to Owen Belman, chief executive officer of Asia at Aon. He brings 18 years of experience in providing risk management advice to large multinational organisations in […]

By James M Dorsey The final run-up to the 2022 World Cup and the tournament’s management is make-it-or-break-it time for Qatar. Both will determine Qatar’s ultimate soft power benefit from the World Cup. How Qatar manages the tournament, and potential flare and hick-ups will shape how the 2022 World Cup is perceived and remembered. The […]

The post 2022 World Cup: Qatar’s Make Or Break Moment first appeared on IPA Newspack.

RIYADH: The UAE Embassy in Riyadh launched a live discussion, “Prospects for Cooperation and Economic Integration between the UAE and the Kingdom of Saudi Arabia,” Emirates News Agency reported. The

GEELONG, Australia: Dusan Shanaka’s patched-up Sri Lanka lineup beat Netherlands to secure a spot in the Super 12 stage at the Twenty20 World Cup and the Dutch advanced despite the loss when United

By Nantoo Banerjee Indian Rupee (INR) is constantly depreciating against the US Dollar (US$). If the trend continues the exchange rate of INR vis-à-vis US$ may touch Rs.100 for a dollar before the end of this financial year. It could be a matter of great concern if India continues to import heavily from US$ trade […]

The post Rising US$ Could Be Bad News For Import Happy Indian Economy first appeared on IPA Newspack.

By Branko Marcetic If you’re going to undermine your own public rhetoric and supposed values by cozying up to a brutal autocrat, you might as well get something out of it. While maybe an obvious point to the rest of us, it’s apparently something US officials are just now belatedly realizing about the US-Saudi relationship. […]

The post The Worsening US-Saudi Split Could End The Brutal War In Yemen first appeared on IPA Newspack.

DUBAI: Abu Dhabi National Oil Co. has awarded its subsidiary ADNOC Drilling a 5.62 billion dirhams ($1.53 billion) contract to expand its offshore operations to produce five million barrels per day
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