Gulf Sector

The share of remittances from the Gulf Cooperation Council (GCC) region to India has declined in 2021, the Reserve Bank of India said, reflecting a slower pace of migration and the presence of the Indian diaspora in informal sectors that were hit the most during the pandemic period.

The United Arab Emirates has selected the first Arab woman to train as an astronaut, as the Gulf country rapidly expands into the space sector to diversify its economy.

Saudi Crown Prince Mohammed bin Salman's visit to India is a "historic opportunity" to expand collaboration in all sectors, the Gulf nation's envoy said in New Delhi today.

India and the UAE have agreed to further strengthen their economic and commercial ties especially in the sectors of civil aviation, climate and energy as Prime Minister Narendra Modi welcomed the Gulf nation's interest in investing in infrastructure development in India.

Prime Minister Narendra Modi attended a community event in Dubai this morning where he interacted with the Indian expatriates at the Dubai Opera. Following his interaction, he met with the business leaders of the Gulf Cooperation Council. The prime minister delivered a keynote address at the World Government Summit on the theme: 'Technology for dev...

Jet Airways recorded a nearly 70 per cent plunge in net profit at Rs 142.38 crore in the December quarter, as higher fuel expenses and other costs took a toll on its bottom line.

Opposition leader in the Kerala Assembly Ramesh Chennithala has appealed to Civil Aviation Minister Ashok Gajapathi Raju, to take steps to bring down the hiked airfares by various airlines in the Gulf sector.

India and Qatar today signed seven agreements, including one on finance intelligence to check money laundering and terrorism financing and another to woo foreign investment in the infrastructure sector from the gas-rich Gulf state.

Lifting of international sanctions on Iran has opened up immense opportunities and India is looking to expand cooperation with the Persian Gulf nation in sectors such as trade, investment, infrastructure and energy, Prime Minister Narendra Modi said today.

Keen to step up engagement in hydrocarbon sector with Iran, India has conveyed to the Persian Gulf nation that it was ready to clear nearly $6.5 billion of the dues for oil import from that country at the earliest, provided there was clarity on payment channel.

External Affairs Minister Sushma Swaraj arrived in Iran today on a two-day visit to boost ties with a focus on raising India's oil imports and enhancing trade with the powerful Persian Gulf nation which has opened several lucrative sectors after sanctions against it were lifted under a historic nuclear deal.

A top government-owned Indian general insurance company will open a reinsurance desk here to enhance both its business prospects and presence in the Gulf region.

Activity in China's colossal factory sector shrank in October as global demand stuttered, reinforcing the case for more stimulus and questioning whether the Federal Reserve can be confident enough to raise US interest rates this year.

Qatar's gas reserves are so vast it can maintain production at current rates for another 138 years, according to an official report published today.

Kerala-born businessman and the Managing Director of the Lulu Group, Yusuff Ali MA, has retained his top position in the annual list of powerful Indians in Gulf countries for the fifth time in a row.

The share of remittances from the Gulf Cooperation Council (GCC) region to India has declined in 2021, the Reserve Bank of India said, reflecting a slower pace of migration and the presence of the Indian diaspora in informal sectors that were hit the most during the pandemic period.

The United Arab Emirates has selected the first Arab woman to train as an astronaut, as the Gulf country rapidly expands into the space sector to diversify its economy.

Saudi Crown Prince Mohammed bin Salman's visit to India is a "historic opportunity" to expand collaboration in all sectors, the Gulf nation's envoy said in New Delhi today.

India and the UAE have agreed to further strengthen their economic and commercial ties especially in the sectors of civil aviation, climate and energy as Prime Minister Narendra Modi welcomed the Gulf nation's interest in investing in infrastructure development in India.

Prime Minister Narendra Modi attended a community event in Dubai this morning where he interacted with the Indian expatriates at the Dubai Opera. Following his interaction, he met with the business leaders of the Gulf Cooperation Council. The prime minister delivered a keynote address at the World Government Summit on the theme: 'Technology for dev...

Jet Airways recorded a nearly 70 per cent plunge in net profit at Rs 142.38 crore in the December quarter, as higher fuel expenses and other costs took a toll on its bottom line.

Opposition leader in the Kerala Assembly Ramesh Chennithala has appealed to Civil Aviation Minister Ashok Gajapathi Raju, to take steps to bring down the hiked airfares by various airlines in the Gulf sector.

India and Qatar today signed seven agreements, including one on finance intelligence to check money laundering and terrorism financing and another to woo foreign investment in the infrastructure sector from the gas-rich Gulf state.

Lifting of international sanctions on Iran has opened up immense opportunities and India is looking to expand cooperation with the Persian Gulf nation in sectors such as trade, investment, infrastructure and energy, Prime Minister Narendra Modi said today.

Keen to step up engagement in hydrocarbon sector with Iran, India has conveyed to the Persian Gulf nation that it was ready to clear nearly $6.5 billion of the dues for oil import from that country at the earliest, provided there was clarity on payment channel.

External Affairs Minister Sushma Swaraj arrived in Iran today on a two-day visit to boost ties with a focus on raising India's oil imports and enhancing trade with the powerful Persian Gulf nation which has opened several lucrative sectors after sanctions against it were lifted under a historic nuclear deal.

A top government-owned Indian general insurance company will open a reinsurance desk here to enhance both its business prospects and presence in the Gulf region.

Activity in China's colossal factory sector shrank in October as global demand stuttered, reinforcing the case for more stimulus and questioning whether the Federal Reserve can be confident enough to raise US interest rates this year.

Qatar's gas reserves are so vast it can maintain production at current rates for another 138 years, according to an official report published today.

Kerala-born businessman and the Managing Director of the Lulu Group, Yusuff Ali MA, has retained his top position in the annual list of powerful Indians in Gulf countries for the fifth time in a row.