County Gulf Financial News

China is deeply concerning and has raised serious allegations of human rights abuses, including forced organ harvesting. In March, during a US congressional committee hearing, experts had claimed that Chinese authorities had gathered genetic information from the Muslim Uyghur minority, with the aim of supporting a forced organ transplant programme targeted at attracting Muslim medical tourists from Gulf states.

the sinking this week of the ship Tutor, which marked what appears to be a new escalation by the Iranian-backed Houthis in their campaign of strikes on ships in the vital maritime corridor over the Israel-Hamas war in the Gaza Strip. Meanwhile, the U.S. military ordered the USS Dwight D.

Ahmadi Governorate in the Gulf Kingdom, a media report said on Wednesday. The massive fire which occurred at a six-storey building in the city of Mangaf on July 12 was caused by an electrical short circuit in the guard's room on the ground floor. The building was home to 196 migrant workers, mostly Indians. «The Public Prosecution has ordered the detention of a Kuwaiti national, three Indian nationals, and four Egyptian nationals for two weeks in connection with the Al-Mangaf building fire case,» English language daily Arab Times reported without identifying their names.

will establish India’s presence on a strategic route considered to be the main gateway for shipments from the Indian subcontinent to Europe. “The use of the International North-South Corridor (INSTC) and the Chabahar port would be quite beneficial, and coking coal is among the key mineral resources along with few others from central Asia being looked at for sourcing by India via this route," one of the persons cited above said on condition of anonymity. The INSTC is a 7,200-km network of ship, rail, and road routes being developed to move freight between India, Iran, Azerbaijan, Russia, Central Asia and Europe.

Kochi: K G Abraham, MD of Kuwait-based NBTC Group, whose workers died in the fire accident in one of its accommodations in the Gulf nation, on Saturday said the incident was unfortunate, and the company will take care of the victims' families. Addressing the media here after three days of the tragic fire that killed 49 people, Abraham became emotional and said «we are so sorry». «We are so sorry. We are so sorry. I was crying in my house. I know most of them. There were people working with us for more than 27 years. What happened was really unfortunate,» he said.

The U.S. says the Iranian-backed Houthis launched two anti-ship cruise missiles and struck a commercial ship in the Gulf of Aden off Yemen, setting it on fire and severely injuring one civilian mariner

Missile attacks by Yemen’s Houthi rebels have struck two ships in the Gulf of Aden, the latest assaults on shipping in the region

SpaceX’s mega Starship rocket has completed its first full test flight, returning to Earth without exploding after blasting off from Texas

SpaceX CEO Elon Musk posted, “Despite loss of many tiles and a damaged flap, Starship made it all the way to a soft landing in the ocean!"The company had earlier said, "If Starship manages to make it all the way to reentry, we'll collect valuable data on the vehicle at hypersonic speeds, or more than 5x the speed of sound."Thursday's flight was a significant feat for SpaceX's Starship, as the three previous attempts ended in its fiery destruction. It was the fourth launch of the world’s biggest and most powerful rocket, standing nearly 400 feet (121 meters) tall."This time, the rocket and the spacecraft managed to splash down in a controlled fashion, making the hourlong flight the longest and most successful yet," news agency Associated Press reported.SpaceX had earlier said the Starship, on its fourth test, will fly a similar trajectory as the previous flight test, with a targeted splashdown of the Ship in the Indian Ocean.

Staff Talks between Indian Navy (IN) and Royal Navy of Oman (RNO) were conducted from June 4 to 5 at New Delhi, the Ministry of Defence informed in a press release.

Lloyd Austin visited Cambodia on Tuesday in an effort to reset ties with the staunch China ally.

Several Indian startups are setting their sights on the Gulf markets, on the back of the region’s burgeoning middle class and high disposable incomes. From beauty and fashion to mobility and home services, these startups see immense growth potential by catering to premium consumer segments.

rocket, is set for its next test flight on June 5, SpaceX announced on Friday. The launch window from the company's Starbase in Boca Chica, Texas opens at 7:00 am local time (1200 GMT), pending regulatory approval.

tornadoes and extreme weather events in the US in the past few weeks, a storm season has begun to hit the country with weather variations across the length and breadth of the country. On Sunday, winds speeding up to 100 mph were noticed in Kansas even as Tennis Ball-sized hail storms were raining down in the state.

warships docked on Sunday at a commercial port in Cambodia, in preparation for joint naval exercises between the two countries. The Jingangshan amphibious warfare ship and Qijiguang training ship sailed in to the Sihanoukville Port as onlookers waved Cambodian and Chinese flags from the piers. The port is north of the Ream Naval Base, where China has funded a broad expansion project that has been carefully watched by the United States and others over concerns it could become a new outpost for the Chinese navy on the Gulf of Thailand. The Gulf is adjacent to the South China Sea, which China claims virtually in its entirety, and would give easy access to the Malacca Strait, one of the most important shipping lanes in the world.

inter-ministerial Indian delegation on the framework agreement on the India-Middle East-Europe Economic Corridor (IMEEC) has visited the UAE for the first time to hold discussions with the key entities there on cooperation for the empowerment and operation of the strategically vital project. The visit, which took place within three months of signing the Agreement, reflects the importance both governments attach to the IMEEC project, a press statement by the Embassy of India, Abu Dhabi said. The Corridor will provide effective alternate supply routes generating efficiencies and reducing costs. Both sides agreed to continue discussions for early implementation of the Agreement, it said. «India Middle East Europe Corridor (IMEEC) takes shape with the 1st visit of an Indian Inter-Ministerial Delegation to the UAE for the India-UAE Intergovernmental Framework Agreement on IMEEC. Amb @sunjaysudhir led the discussions with key UAE entities like @DPWorldUAE, @ADPortsGroup @CUSTOMSUAE,» the Indian mission posted on X.

and otherCentral Bank purchases are the key drivers of gold prices. Demand in India has remained resilient despite higher prices. These two countries together account for approximately half of the global physical demand.

India's diesel exports to Europe fell by a fifth sequentially in April as rising competition from US and Gulf suppliers amid softening demand in the continent weakened margins on the fuel. Diesel exports to Europe declined to 210,000 barrels per day (bpd) in April from 262,000 bpd in March, according to energy cargo tracker Vortexa. Europe consumes more than 40% of India's diesel exports. India's overall diesel exports fell 9% to 517,000 bpd in April from 567,000 bpd in March. Exports to Asia, however, rose 33% to 69,000 bpd in April from 52,000 bpd in March.

A European naval force has detained six suspected pirates after they opened fire on an oil tanker traveling through the Gulf of Aden

Yemen’s Houthi rebels have claimed responsibility for two missile attacks in the Gulf of Aden on two Panama-flagged container ships that caused no damage

Yemen's Houthi rebels on Thursday claimed two missile attacks in the Gulf of Aden on two Panama-flagged container ships that caused no damage, while also saying they targeted a ship in the Indian Ocean in a previously unreported assault. The claims by Brig. Gen. Yahya Saree come as the tempo of the rebel attacks have waned in recent weeks as they've been targeted by repeated airstrikes launched by a U.S.-led coalition warship in waterways crucial to international trade. The Houthis insist their assaults will continue as long as Israel's war on Hamas in the Gaza Strip goes on. Saree in a prerecorded statement claimed attacks on the MSC Diego and MSC Gina. The Joint Maritime Information Center, a U.S.-led coalition of nations operating in the Mideast, said those two missile attacks happened early Tuesday.