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Nirmala Sitharaman said on Wednesday. Terming the IMEC as one of the most promising connectivity projects, Sitharaman said it will be a win-win situation for all states involved as it enhances transportation efficiency, reduces logistic costs, increases economic unity, generates employment, and lowers Greenhouse Gas emissions, contributing to a cleaner, safer, better world.

₹14,483 crore ($1.74 billion) for FY25," Sitharaman said. The proposed IMEEC project, which was signed during the G20 leaders summit in New Delhi in September, faces various challenges, including the conflict in Israel.

Mukta Arts Ltd. has entered into an agreement with Saudi Arabia-based Al-Othaim Investment Company to establish and operate cinemas across the Kingdom of Saudi Arabia through its Bahrain subsidiary, Mukta A2 Multiplex W.L.L. The partnership highlights the synergies between the real estate footprint of the Al-Othaim group and the experience of Mukta A2 Cinemas across the value chain in the movie exhibition business, Mukta said in a statement.

The PGA Tour is trying to narrow the list of potential investors as it works toward a Dec. 31 deadline to complete its deal with Saudi Arabia's national wealth fund

The European Union’s executive commission has lowered growth its expectations for this year and next, saying the economy “has lost momentum” as inflation discourages consumers and higher interest rates deter borrowing for purchases and investment

India has signed contracts to export about 500,000 metric tons of new season basmati rice to cash in on robust demand from top buyers in Europe and the Middle East, traders said on Wednesday. India annually exports more than 4 million tons of basmati — a premium long-grain variety famed for its aroma — to Iran, Iraq, Yemen, Saudi Arabia, the United Arab Emirates and the United States, among others. Europe is another big market for the rice. After imposing a ban on non-basmati white rice exports in June to stabilize domestic prices, India set a floor price, or minimum export price (MEP), of $1,200 a ton for overseas sales of basmati in August. However, as the floor price hampered exports of the premium variety and saddled farmers with large stocks of new-season rice, the government last month cut the floor price for basmati exports to $950 per ton. Trade came to a standstill after the August decision, but the lowering of the floor price has breathed new life into basmati rice trade, the traders said. «There's been a great deal of interest in India's new basmati rice crop and so far we have signed export contracts for around 500,000 tonnes,» said Prem Garg, president of the Indian Rice Exporters Federation. «Normally we start getting orders for the new crop in September and October but the MEP of $1,200 a metric ton made it difficult for us to sign any deals,» he said. Indian traders have signed basmati export deals between $1,000 and $1,500 a metric ton, two exporters including Garg said. Turkey, Iraq and Saudi Arabia are top buyers of the rice so far this year, aid Vijay Setia, a leading exporter from Haryana, a top basmati rice producing state in the north. «Despite the MEP of $950 a metric ton, it looks like

Dubai International Airport this year will eclipse the pre-pandemic passenger figures in 2019, showing the strong rebound in travel after the coronavirus pandemic and lockdowns that grounded aircraft worldwide, a top official said Wednesday. The airport, the world's busiest for international travel and home of the long-haul carrier Emirates, has had 64.5 million passengers pass through its cavernous concourses through the third quarter of this year. That puts it on track to reach 86.8 million passengers for the full year, which would exceed its 2019 figure of 86.3 million passengers.

Loco and Rooter, are expanding operations beyond the domestic market as they prepare to take on the likes of YouTube and Amazon’s Twitch in foreign territories, people aware of the developments said. Loco, which is backed by investors like South Korean gaming giant Krafton and Indian gaming-focused venture firm Lumikai, quietly started testing its Arabic app in multiple West Asian countries a few months ago and, according to its cofounder Anirudh Pandita, plans to expand into Latin American countries next.

The PGA Tour said Tuesday it will begin to offer professional players direct equity ownership in the new company that will be formed after it reaches a deal with investors, according to an internal memo obtained by CNBC.

Logan Paul tried to pawn off his WWE United States Championship, which he had won just some days ago for $100,000. Logan had shared of him visiting what seems like a pawn shop and enquiring about how much he would get for the title. A behind-the-scenes video shared by Logan shows him visiting the shop and explaining that it was taken from Rey Mysterio, The owner of the shop after knowing about it immediately asked Logan whether he could buy it from him. The shop owner even wanted to click a photo with Logan wearing the belt so that he could send the photo of himself with the 28-year-old wrestler to his niece. Paul subtly suggested that he could offer the gold at a reasonable price when the pawn shopkeeper rightly inquired if it was available for purchase. Paul clarified that he obtained the belt from Rey Mysterio and was unaware of its history. The YouTuber turned wrestler defeated the legendary Rey Mysterio on 4 November at the WWE Crown Jewel in Saudi Arabia. In another video clip, Logan was looking unimpressed and offended at the pawn shop where he had taken a $500k Golden Prime bottle. At the shop, the influencer was not even offered anywhere near the amount. Logan had earlier this week claimed that the company had made a whopping $1.2 billion this year and had launched a competition for celebrating their billionth bottle for selling. Logan launched the challenge in London and New York for fans to win the gold bottle which he claimed to his fans to be $500k. Paul has been trying to sell the special bottle but a video that has been uploaded online is showing Logan upset by the offer by a pawnbroker. Meanwhile, the YouTuber star was offered just $25,000 by the pawnbroker for the glittering bottle.

A Ripple executive has re-emphasized the need to adopt a technology-neutral approach for more effective and adaptable guardrails as global regulators grapple with cryptocurrency rules.

IEA) on Tuesday raised its oil demand growth forecasts for this year and next despite an expected deceleration in economic growth in nearly all major economies. Although voluntary supply cuts from Saudi Arabia and Russia until the end of the year will keep supply tight, with demand growth still set to slow, the market could shift into surplus at the start of 2024, the Paris-based IEA said. While overall economic and oil demand growth are expected to lose steam next year, demand in 2023 has been supported by resilient U.S. deliveries and record September demand from China. Expectations for 2024, meanwhile, are underpinned by hopes of interest rate cuts and the recent fall in crude prices, the IEA, the energy adviser to industrialised nations, added. «For now, with demand still exceeding available supplies heading into the Northern Hemisphere winter, market balances will remain vulnerable to heightened economic and geopolitical risks — and further volatility ahead.» Brent oil prices have weakened to around $82 a barrel from a 2023 high in September near $98.

UAE. The Singapore-headquartered transportation solutions enterprise, BoxcoWorld FZE, on November 1 inked a memorandum of understanding with Dubai-based global maritime major DP World to invest $28 million to construct a modern warehouse in the Jebel Ali Free Zone, a free trade zone in the UAE. The deal was signed by Abdulla Al Hashmi, COO of Parks & Zones, DP World, UAE Region, and Vir Kotak, Founder of BoxcoWorld. DP World is an multinational logistics company specialising in cargo logistics, port terminal operations, maritime services and free trade zones.

WASHINGTON (Reuters) — The U.S. has bought 1.2 million barrels of oil to help replenish the Strategic Petroleum Reserve after selling the largest amount ever from the stockpile last year, the U.S. Energy Department said on Monday.

Lucid Motors (NASDAQ:LCID) attended the Dubai Airshow where the electric automaker signed a memorandum of understanding (MOU) with Riyadh Air, combining their shared vision of sustainable transportation.

Israel-Hamas war in Gaza, European Union High Representative for Foreign Affairs and Security Policy Josep Borrell said on Monday that he will visit multiple Middle Eastern countries to discuss humanitarian access and assistance in the war-torn region. He asserted that the ongoing situation in Gaza needs two-state solutions and can only be achieved through dialogue. Taking to X, the EU official said, «I will travel to Israel, Palestine, Bahrain, Saudi Arabia, Qatar and Jordan this week to discuss humanitarian access and assistance and political issues with regional leaders. We need a political horizon looking towards the two-state solution.

By Paul Carsten

By Libby George and Bansari Mayur Kamdar

Check all the latest Israel-Hamas war LIVE Updates hereSaudi Arabia, considered as the de-facto leader of the Muslim world, along with its neighbour the United Arab Emirates, was among the countries that blocked a proposal moved at the Islamic-Arab summit to snap all ties with Israel, reports said.The proposal was to sever all diplomatic and economic relations with Tel Aviv, deny Arab airspace to Israeli flights and that the oil-producing Muslim countries should “threaten to use oil as a means of leverage" to achieve a ceasefire in Gaza, The Times of Israel reported Ehud Ya’ari, the Arab affairs analyst of Israeli news platform Channel 12, as saying.The proposal was shot down by Saudi Arabia, the UAE, Jordan, Egypt, Bahrain, Sudan, Morocco, Mauritania and Djibouti, Ya’ari reportedly added. Read the complete story.The World Health Organisation (WHO) on Sunday, November 12 reported that it has lost contact with Al-Shifa Hospital in Gaza City, ANI reported.Al-Shifa Hospital has received international attention after reports of individuals fleeing the hospital being allegedly shot, wounded, or killed.

A suspected crypto fraudster accompanied South Korean President Yoon Seok-yeol on a state visit to Saudi Arabia last month.

By Md Manzer Hussain