County Gulf Financial News

Qatar’s prime minister has warned of the massive destruction inflicted by Israel’s offensive on Gaza and criticized the Israeli defense minister’s rejection of a cease-fire in the battered enclave

By Jana Choukeir, Ahmed Elimam and Robert Harvey

Former deputy NSA K.T. McFarland discusses the U.S. and U.K. strikes on Houthi forces in Yemen on ‘Maria Bartiromo’s Wall Street.’

shipments from India declined 21% last year as many overseas markets continued to face monetary and geopolitical crises, as per the latest SIAM data. Overall exports stood at 42,85,809 units last year compared to 52,04,966 units in 2022. Passenger vehicle shipments rose 5% to 6,77,956 units last year from 6,44,842 units in 2022. However, other segments like commercial vehicles, two-wheelers and three-wheelers saw a decline in exports last year. Two-wheeler exports slipped 20% to 32,43,673 units last year from 40,53,254 units in 2022. Similarly, commercial vehicle shipments declined to 68,473 units last year from 88,305 units. Three-wheeler exports declined 30% to 2,91,919 units last year from 4,17,178 units. Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon said in 2023, passenger vehicle exports were driven by vehicle launches and pent-up demand in markets like South Africa and the Gulf. «The increase can also be attributed to a smoother supply chain as compared to the previous year, wherein there were supply-side disruptions, including that of semiconductors.

NEW DELHI : Automobile shipments from India declined 21% last year as many overseas markets continued to face monetary and geopolitical crises, as per the latest Society of Indian Automobile Manufacturers (SIAM) data. Overall exports stood at 42,85,809 units last year compared to 52,04,966 units in 2022. Passenger vehicle shipments rose 5% to 6,77,956 units last year from 6,44,842 units in 2022.

overseas markets continued to face monetary and geopolitical crises, as per the latest SIAM data. Overall exports stood at 42,85,809 units last year compared to 52,04,966 units in 2022. Passenger vehicle shipments rose 5 per cent to 6,77,956 units last year from 6,44,842 units in 2022.

By Jana Choukeir, Ahmed Elimam and Robert Harvey

₹12,000–15,000, much higher than the average fare of ₹3,000–5,000. The spike in hotel tariffs is starker, peaking to ₹45,000 per night for a room that would otherwise cost about ₹4,000. “The hotel industry is working on the infrastructure to cater to the footfalls expected for Ayodhya city, but this will take time.

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Investing.com-- Oil prices rose sharply in Asian trade on Friday after U.S.-led forces launched airstrikes against the Iran-backed Houthi group in Yemen, ramping up concerns over more disruptions to Middle East supplies.

Houthi rebels in Yemen amid growing crisis in oil-rich West Asia, thereby escalating a conflict in response to a string of attacks that have disrupted commercial shipping in the Red Sea. Notably, the spill over from the war between Benjamin Netanyahu's Israel and Hamas fighters in Gaza had been flagged repeatedly by US when Tel Aviv began a relentless airstrike campaign in the densely populated Gaza Strip.

Iran’s navy has seized an oil tanker in the Gulf of Oman that once was at the center of a major crisis between Tehran and Washington, a seizure that further escalates tensions in the Mideast waterways

Dubai: An oil tanker once at the center of a crisis between Iran and the United States was boarded in the Gulf of Oman by “unauthorized" men in military uniforms early on Thursday morning, an advisory group run by the British military and a private security firm warned. Details remained unclear in what was apparently the latest seizure of a vessel in the tense Middle East waterways.

Astronauts will have to wait until next year before flying to the moon and at least two years before landing on it

infrastructure splurge is gathering pace. Liberum, a bank, calculates that a one-percentage-point rise in its forecast for annual global GDP growth would boost commodities demand by 1.5%. Freakish weather would have a deeper impact.

By Jacob Gronholt-Pedersen

Menendez, is accused by federal prosecutors of accepting racing car tickets and other gifts from Qatar as part of a corruption plot, as reported by CNN. The Gulf State is the second foreign government the Democrat from New Jersey is accused of aiding while in office, along with Egypt.

By Florence Tan

Fresh inflows under FCNR(B) which eliminates currency risk for NRIs, touched $2 billion in April-October, compared with an outflow of $841 million in the same period a year ago, showed the latest Reserve Bank of India (RBI) data published in its monthly Bulletin. Overall, fresh NRI deposits doubled to $6 billion during the April-October of 2023, from $3 billion in the same period a year ago. «Relatively higher interest rates happen to be one of the driving factors,» said Madan Sabnavis, chief economist at Bank of Baroda.

U.S. Transportation Secretary Pete Buttigieg spoke Tuesday alongside FAA Administrator Michael Whitaker in Arlington, Virginia.

Navy has deployed an indigenous guided missile destroyer in the Gulf of Aden region in light of the piracy incident earlier this week, as per a release issued by the Defence Ministry. The move is aimed at augmenting the anti-piracy efforts in the Gulf of Aden region. The Indian Navy remains committed to ensuring the safety of merchant shipping and rendering assistance to mariners at sea as a 'first responder' in the region, as per the release. On the night of December 14, a report regarding a potential piracy incident onboard a Malta-flagged vessel, MV Ruen, was monitored on the UKMTO portal. The vessel was reported to be boarded by six unknown personnel. In a swift response, the Indian Navy's Maritime Patrol Aircraft deployed to investigate the incident arrived overhead at MV Ruen on December 15 and established communication with the crew.