Professionals working in the Gulf have been hit hard by the downturn, with almost two-thirds not receiving any pay hike and one in ten losing job this year.
The Indian Navy has deployed task groups comprising frontline destroyers and frigates in the central and north Arabian Sea and augmented its force levels in the region to undertake maritime security operations in view of recent attacks on commercial vessels in key shipping lanes.
IMAGES from the T20 World Cup match played between West Indies and Papua New Guinea, in Georgetown, Guyana, on Sunday.
Jointly addressing mediapersons Hyderabad, Capt Christopher, Vice-president Flight Operations, Richard Hrische, Regional General Manager, Asia and Rajeev Nambiar, General Manager, India said that Airlines Network Streteches from Europe to Asia and Hyderabad is the eighth destination in India. The daily non-stop service between Bahrain and Hyderabad will be served by an Air Bus A 320-200 with Buisness and Economic class providing two-way connectivity.
The effort is to make the PM's interaction with the diaspora at Abu Dhabi's Sheikh Zayed Sports city stadium on February 13 the largest he has addressed.
Migrants do many of the dirty and dangerous jobs in the region, from construction to the oil industry, transport and services
The cancellation of certain frequencies to the Gulf sector was done to rightsize the airline due to commercial and operational reasons.
GCC consists of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates.
The prime minister's visit will begin from Palestine on February 10 after transiting through Jordan, where he will meet King Abdullah II.
'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.
Qatar will lead growth in the region with around 8.7 per cent, while growth will be about six per cent each in Saudi Arabia and Kuwait, 4.5 per cent in the United Arab Emirates, 4.2 per cent in Oman and 3.1 per cent in Bahrain, the report by Kuwait-based Gulf Investment Company said.
US central command said that several US personnel are undergoing evaluation for "traumatic brain injuries" and at least one Iraqi service member was wounded in the attack.
India on Thursday said it is closely watching the unfolding situation in the Red Sea, amid growing global concerns over Houthi militants stepping up attacks on several commercial ships in the region.
Hinduja Group company Gulf Oil Corporation Ltd will acquire 51 per cent stake in Gulf Oil Yantai (Co) Ltd in China for $ 5 million as part of company's expansion plans in Asia-Pacific region.
Resisting US pressure to further scale down oil imports from sanction-hit Iran, India on Monday made it clear that it has to look at the issue involved beyond the energy trade as it has "vital" security stakes in the Gulf region.
Herzog further claimed that Iran is supporting the "terror machine" by providing billions of dollars aiming to undermine the regional situation.
In a reflection of growing bilateral ties between India and the US, External Affairs Minister S Jaishankar and US Secretary of State Antony Blinken on Wednesday held wide-ranging talks covering the situation in Afghanistan, Indo-Pacific engagements, Covid-19 response mechanism and ways to strengthen regional security.
Kingfisher Airlines Executive Vice-President Hitesh Patel said Kingfisher was interested in flying Gulf and south-eastern destinations, if the government permitted.
United States has moved more warships and fighter aircraft to the Persian Gulf to keep the strategic Straits of Hormuz open and strike deep within Iran if the stand-off over its nuclear programme escalates.
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 oil industry experienced three upheavals between 1973 and 1991, which seem to be etched in the memory of the industry's decision makers. Naturally, at the sign of a new crisis, the decision makers like to dip into those tumultuous decades to find ways to deal with the new shock, in addition, of course, to expert reports and forecasts. So, the industry bigwigs turned the pages of history to get a peek into the future of oil price movements after Russia invaded Ukraine in 2022, Israel attacked Gaza in 2023, Iran-linked Houthi rebels pounded tankers crossing the Red Sea in support of Palestine the same year, and Iran rained missiles on Israel in 2024.
Benchmark equity indices Sensex and Nifty pared their early gains to close nearly 1 per cent lower on Monday as surging oil prices played spoilsport amid prolonged Russia-Ukraine war. The 30-share Sensex plunged by 571.44 points or 0.99 per cent to settle at 57,292.49. During the day, it tanked 634.85 points or 1.09 per cent to 57,229.08. The broader NSE Nifty declined by 169.45 points or 0.98 per cent to finish at 17,117.60. Among Sensex constituents, Power Grid, Asian Paints, UltraTech Cement, Nestle, Hindustan Unilever Limited and HCL Technologies were among the major laggards.
French naval commander expresses concern over China expanding its maritime influence in the region.
He said the decision announced in January to send a second US aircraft carrier to the Gulf region does not mean the US is planning for a war with Iran.
The Gulf countries, a major source of NRI remittances to India, have been experiencing unprecedented growth in the cost of living on the one hand and a steep decline in exchange rates due to most Gulf currencies' peg to the dollar.
Despite difficult working conditions, Indians are still seeking jobs in Gulf countries
Arab Gulf economies are set to benefit from large government spending programmes and high oil prices in the second half of the year, despite concerns over political turmoil in the Middle East and Europe's sovereign debt crisis, a senior bank official has said.
With the global financial crisis affecting Indians in the Gulf region, Vice President Hamid Ansari has said the Indian government was mulling steps to ensure the welfare of expatriates reeling under the meltdown.
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.
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'.
Modi held several bilateral and trilateral meetings with world leaders.
Saturday's drone attack on MV Chem Pluto came amid increasing concerns over various commercial vessels being targeted reportedly by Iran-backed Houthi militants in the Red Sea and Gulf of Aden amid the Israel-Hamas conflict.
Indian Navy's elite marine commandos on Friday rescued 21 crew members including 15 Indians from a bulk carrier in the North Arabian Sea and sanitised it in a swift operation while responding to an attempted hijacking of the Liberian-flagged vessel by around five-six armed personnel.
The United States has ordered the aircraft carrier USS George H W Bush to move into the Arabian Gulf to provide President Barack Obama with options for possible military action against militants in Iraq.
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.
The chief of the army staff said that with one-third of the world in the Gulf region and elsewhere involved in some sort of conflict and war, "it is important that we keep the flames of fire away from our region."
The Indian team was just too good for the Irish and the gulf in standard was evident across all departments.
During the discussions attended by Simon Williams, Chief Economist at HSBC, Chirag Shah, Head of Strategy and Corporate Planning at DIFC Authority, and Yousef Bazian, Head of Corporate Finance at PwC in the Middle East, a consensus emerged that the Gulf region has achieved considerable non-oil economic growth.
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