Software major Wipro has tied up with Sun Microsystems to widen its reach within the Gulf Cooperation Council countries such as UAE and Saudi Arabia.As part of the deal, Wipro would resell and integrate the entire suite of Sun systems, storage, software, and services to serve Sun's customers in the UAE, Saudi Arabia, Bahrain, Oman and Qatar.
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Money exchangers and bankers in Muscat said that non-resident Indians have started resorting to personal loans as rupee touched an all-time low of 62.03 against the US dollar on Friday, Times of Oman reported.
The Gulf Cooperation Council will consider a proposal to define a time-frame ceiling for residency of the workers in member states. The proposal says after the expiry of the six year-contract, the worker will go back home to his original country.
The latest flashpoint in West Asia has derailed India's preliminary plans to resume crude oil imports from Iran, officials said. In January, officials of the Ministry of Petroleum and Natural Gas had told Business Standard that the government had been studying proposals for the same, given that India was trying to expand sources of imports. "We are always monitoring the situation when it comes to crude flows.
A year after a Hamas attack against Israel on October 7 and the ensuing Israeli invasion of the Gaza Strip, India's trade with most West Asian countries has largely escaped any major disruption, except with countries like Israel, Lebanon, and Jordan. However, repeated flare-ups of geopolitical tensions in the region continue to drive up shipping and logistics costs.
Region takes about a third of all Indian fruit shipment and quarter of vegetables sold abroad; consignments from other states could face ban, too, if virus not contained
India is monitoring the situation very closely and will see how it develops in the next few days.
Top government officials in New Delhi have started discussions with stakeholders ranging from shipping and container companies to export promotion councils to understand the impact of the Iran-Israel tensions and plan ahead. Inter-ministerial talks are also being lined up amid the crisis situation in West Asia, sources confirmed. While the crude flows are not directly under any threat, elevated oil prices remain a concern, according to officials.
Gopakumar said all of them were hopeful that they would step out of the prison "if Modiji intervened" but had no idea how long it would take.
Speaking at a programme in Kolkata on Tuesday night, he said that in the past, even the US has been appreciative of the fact that the Chabahar port has a larger relevance.
'Due to the Israel-Hamas conflict, a faction operating in the Red Sea -- which is a typically safe area - has been firing projectiles arbitrarily.' 'Additionally, there have been two incidents involving Somali pirates, and one vessel has been hijacked.'
Migrants do many of the dirty and dangerous jobs in the region, from construction to the oil industry, transport and services
'Given that the situation is quickly escalating, such attacks will affect the flow of crude in the short term from West Asia' Subhayan Chakraborty and Dhruvaksh Saha report.
US President Donald Trump spoke with Saudi Arabia's King Salman amid the Arab world's biggest diplomatic crisis in years over Qatar's alleged support to extremists, reports Lalit K Jha.
India is expected to be the top recipient of remittances in 2023 as inflows increase 12.4 per cent to $125 billion, said a World Bank report on Tuesday. Mexico will come next by receiving $67 billion and China will follow it at $50 billion. The key drivers for remittance growth in 2023 are a tight labour market in the United States, high employment growth in Europe reflecting extensive leveraging of worker retention programs, and a dampening of inflation in high-income countries. India's growth in remittances is expected to halve to 12.4 per cent in 2023 from a historic peak of 24.4 per cent in 2022.
Saudi Arabia relies more heavily on migrant labour than any other large country.
Company launches claim guarantee scheme for customers.
Singh said India has intensified patrolling of the seas after the recent attacks on merchant navy ships.
The MEA said Indian nationals residing in Iraq are advised to be alert and may avoid travel within Iraq. The DGCA asked airlines to take all precautions in airspace over Iran, Iraq, Gulf of Oman and waters of Persian Gulf.
US authorities have been scrambling to establish how many Americans have been killed or taken hostage in the conflict.
Israeli Prime Minister Benjamin Netanyahu termed it the 'largest cooperation project in our history', one that would 'change the face of the Middle East, Israel, and impact the entire world'.
Minister of State for External Affairs E Ahamed told reporters after a meeting of the Crisis Management Group that Talmiz Ahmad is expected to reach Baghdad by this evening or early tomorrow morning.
Late Sultan Qaboos bin Said Al Said of Oman was awarded the prestigious prize for the year 2019 in recognition of his vision to strengthen relations with India, and his efforts to promote peace and non-violence in the Gulf region, the ministry said.
The prime minister's visit will begin from Palestine on February 10 after transiting through Jordan, where he will meet King Abdullah II.
India face tough Iraq test sans Chhetri
'Modi has visited all these three countries (the UAE more than once, inexplicably) but has left out Kuwait and Oman, the two Gulf countries that are closest to India in their political, cultural and civilisational ethos,' notes Ambassador M K Bhadrakumar.
Stadiums in the United Arab Emirates (UAE) will operate at 70% of capacity for the Twenty20 World Cup, the organisers said.
At present, IndiGo operates over 17 flights between India and the Gulf
India suffered an embarrassing 0-6 rout at the hands of formidable United Arab Emirates -- their heaviest defeat against the Gulf side -- in the second international football friendly in Dubai on Monday.
It is the first visit to India by a senior minister of a member nation of the Organisation of Islamic Cooperation after the controversial remarks triggered anguish in the Arab world.
Strongly rebutting the charges, External Affairs Ministry Spokesperson Anurag Srivastava said the Gulf countries are deeply committed to friendly relations with India and they are even seeking bilateral talks on the post-COVID-19 economic recovery. Talking about India's close and traditional ties with the Arab countries, he said New Delhi is ensuring uninterrupted supply of food and essential commodities to the region during Ramzan as part of its deep-rooted friendship.
During an interaction at a conclave in New Delhi, he also said that the Indian Navy is seized of the docking of various PLA Navy ships at ports in Pakistan, and it is 'keeping a watch on it'.
The proposed India-Israel trade pact should be beneficial to both nations and until New Delhi gets a good deal, it would not do an agreement, Commerce and Industry Minister Piyush Goyal said. India and Israel are negotiating a free trade agreement (FTA) since May 2010. "With Israel, until we get a good deal, we will not do an FTA. It has to be reciprocally beneficial," the minister said in San Francisco on Tuesday while interacting with the Indian community.
'There is a view that there is a Pakistan angle to this.' 'Pakistan has a large presence in Qatar and would want India to be blacklisted.'
Cooperation in key areas of defence, security and counter-terrorism will be an important aspect of Prime Minister Narendra Modi's discussions during his visit to three West Asian countries -- Palestine, the United Arab Emirates and Oman -- starting Friday.
In a statement, the Ministry of Foreign Affairs expressed its condemnation and denunciation of the statements made by the BJP spokesperson, saying it insulted Prophet Muhammad.
During his visit to Oman, Premji said it is potentially a very important market.
Of $90 billion remittances that India is expected to receive in 2022, only $27.4 billion has come in the first half of the year.
The NIA questioned him for over two days before handing him over to the state police.
