County Gulf Financial News

18.07 / 10:43

Dash BLOCK Airlines Assurant boost Minister blocks bid to bring down airfares, boost tourism

The Australian government has terminated a request from Qatar Airways to add more Australian routes, dashing hopes that consumers might get relief from high international airfares.

15.07 / 11:41

UPS IIT Delhi to set up campus in Abu Dhabi

IIT Delhi campus in the Gulf country. Prime Minister Narendra Modi is currently on an official visit to the United Arab Emirates (UAE). Indian Institute of Technology (IIT) Delhi is the second IIT to announce setting up an offshore campus after IIT Madras. Last week, IIT Madras signed an MoU for setting up a campus in Tanzania's Zanzibar. Union Education Minister Dharmendra Pradhan tweeted to congratulate IIT Delhi for signing MoU. «An exemplar of New India's innovation and expertise, the IIT Delhi campus in UAE will be an edifice of India and UAE friendship. It will set a brand new template for leveraging the power of knowledge for both mutual prosperity and global good as envisioned in NEP,» he added.

15.07 / 03:29

Provident Target Cooper Man Action US sending F-16 fighter jets to protect ships from Iranian seizures in Gulf region

Syria across the Middle East. Speaking to Pentagon reporters, the official said the US will send F-16 fighter jets to the Gulf region this weekend to augment the A-10 attack aircraft that have been patrolling there for more than a week.

15.07 / 02:35

Provident Target Cooper Man Action US to deploy F-16 fighter jets to safeguard ships from Iranian seizures in middle east

AP, a high-ranking defence official revealed on Friday that the US is bolstering its efforts to safeguard ships from potential Iranian aggression. The official further emphasized the mounting apprehension regarding the strengthening alliances between Iran, Russia, and Syria across the Middle East.

14.07 / 12:05

UPS Provident Target Citizens Career Enterprise UAE expands the scope of nationalisation of workforce

By Irfan Ahmed Nazir

12.07 / 11:53

Provident Cooper VISA Hope India-GCC FTA becomes a reality 'very soon': Official

Gulf Cooperation Council have resumed talks for concluding a free trade agreement which is expected to bring new business opportunities for both sides, a top Indian official said on Wednesday as he expressed hope that the deal would soon become a reality. Secretary (Consular, Passport & Visa and Overseas Indian Affairs) in the Ministry of External Affairs Ausaf Sayeed also shared that India is in discussion with its bilateral partners with regard to alternate payment mechanisms like rupee trading and barter trading «especially under the new circumstances where most countries are facing challenges of foreign currency».

11.07 / 18:29

Citi Provident Reuters Progressive Platform Exclusive - Mexico's Pemex to lose some 100,000 bpd of crude this month after fire - source

By Ana Isabel Martinez

11.07 / 16:31

Platform UBS Adventure NHL Credit Suisse investor makes Monumental investment in NBA, NHL teams

When U.S. investors like Chicago-based Harris Associates started bailing from troubled Credit Suisse earlier this year, one giant global investor doubled its holdings to become the bank’s second-biggest shareholder after the Saudi National Bank.

10.07 / 14:23

Platform inflation data Crude oil lower; Weak Chinese inflation data hits sentiment

Investing.com — Crude oil prices retreated Monday, handing back some of the previous week’s strong gains after weak inflation data out of China increased concerns about an economic slowdown in the world’s largest crude importer.

10.07 / 03:09

UPS FIVE Reuters Chevron RIG Support Oil eases ahead of China, US data, but OPEC+ cuts support market

Oil prices dipped in early Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, while expected crude supply cuts from Saudi Arabia and Russia supported the market. Brent crude futures fell 22 cents, or 0.3%, to $78.25 a barrel by 0107 GMT, and U.S. West Texas Intermediate crude was at $73.57 a barrel, down 29 cents, or 0.4%.

09.07 / 06:03

COST UPS Provident Booking Russia oil discount to India shrinks to $4, delivery charges remain opaque

Russia crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain 'opaque' and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the USD 60 per barrel price cap imposed by the West but charges anything between USD 11 to USD 19 per barrel, twice the normal rate, for delivery from the Baltic and Black Sea to the west coast, three sources with knowledge of the matter said.

08.07 / 14:03

Twitter FIVE Saudi women jailed for Twitter use should be freed: UN panel

Saudi women sentenced to decades in prison over social media use have been held arbitrarily and should be released, according to UN expert findings seen Saturday by AFP. The lengthy jail terms handed down last year to Salma al-Shehab and Nourah al-Qahtani, primarily over Twitter posts criticising the government, have heightened global scrutiny of repression under Crown Prince Mohammed bin Salman, who is trying to rebrand the Gulf kingdom as open for business and tourism. In a report dated June 19 and shared with AFP, the UN's Working Group on Arbitrary Detention, an independent expert panel, determined the women had been held arbitrarily and that «the appropriate remedy would be to release» them.

07.07 / 05:31

UPS record high Titan shares rally over 3% to fresh record high. What's behind the glitter?

Titan on Friday rallied up to 3.4% to hit a fresh 52-week high of Rs 3,211 on BSE as investors welcomed the June quarter business update shared by the company. In a regulatory filing, after market hours on Thursday, Titan said it recorded revenue growth of 20% year-on-year (YoY) for Q1 with all key consumer businesses exhibiting double-digit growth in the June quarter. Titan's mainstay jewellery business impressed with a growth of 21% YoY as it added a total of 18 stores last quarter to take its total store count to 559.

07.07 / 01:15

Target Reuters Aware Platform HSBC Aster Healthcare's promoters in talks with private equity groups, look to sell India business

Healthcare led by Azad Moopen have initiated stake-sale talks with private equity groups such as Blackstone and KKR among others, said people aware of the matter. The promoters may even be open to selling a controlling stake in their India-listed hospital chain to capitalise on the ongoing sectoral consolidation, the people said. Aster Healthcare operates 32 hospitals, 127 clinics, 521 pharmacies, 16 laboratories and 189 patient experience centres in seven countries in West Asia and India.

05.07 / 15:01

Waters Gap ASEAN India, ASEAN most buoyant FDI recipients: UNCTAD

Foreign direct investment (FDI) in developing countries in Asia remained flat year-on-year at $662 billion during 2022, despite clocking about half of global inflows, the United Nations Conference on Trade and Development (UNCTAD) said Wednesday in its World Investment Report 2023. India and ASEAN were the most buoyant recipients, with increases of 10 and 5%, respectively, and strong growth in project announcements, it said. FDI inflows were higher in developing countries compared with those in developed economies.

05.07 / 06:45

Facebook Waters Assurant Shark joins in on a fun beach day and swims close to the shore in Florida; video goes viral

Florida were in for a frightening surprise when a shark was spotted casually swimming among people. The incident occurred on Navarre Beach and a brief 56-second video was captured of the event. In the video, the shark can be seen gracefully flapping its fins and tail, as it swims near the shore.

04.07 / 17:47

Cooper Maxim Progressive We can maximise use of Chabahar Port after Iran's SCO membership: PM Modi

Prime Minister Narendra Modi Tuesday said the members of Shanghai Cooperation Organisation can work towards maximizing the utilization of the Chabahar Port following Iran's membership of the world's largest regional organization. "The International North-South Transport Corridor can serve as a secure and efficient route for landlocked countries in Central Asia to access the Indian Ocean. We should strive to realize its full potential," the prime minister said.

26.05 / 15:30

Binance regulation Bitcoin Q4 Binance and Gulf Innova to launch crypto exchange in Thailand in Q4 2023

Cryptocurrency exchange Binance continues expanding its global reach by securing new regulatory approvals in Thailand.

18.05 / 21:07

business Venture Capital banking Digital Asset Singaporean family office to set up digital bank in Bahrain

The Whampoa Group, a family office based in Singapore, will open a digital bank in Bahrain, the kingdom’s Economic Development Board said on May 18. The Group expects to open the bank by the end of the year and is aiming for a global client base.

16.03 / 19:19

CBDC Adoption RBI India, UAE to explore CBDC bridge to facilitate trade, remittances without USD

The Reserve Bank of India (RBI) and Central Bank of the United Arab Emirates (UAE) announced on March 15 that they had signed a memorandum of understanding on collaboration and innovation in financial services.

23.01 / 14:51

business SEC Gold Enforcement goes on with Bitzlato action — Law Decoded, Jan. 16-23.

The good news of the last week is that Bitcoin (BTC) continued to review, making around 10% up from Jan.16 to Jan. 23. But it has yet to change a worrying trend of crypto companies making headlines due to their troubles with the law.

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