Page 6 - Gulf Countries

Gulf states will take at least 10 years to end oil dependence: Moody's

Reliance on the energy sector will be the 'key credit constraint' for the six countries forming the Gulf Cooperation Council (GCC), the ratings agency said in a report on Monday

Lowering minimum wage terms may put Indian workers in Gulf at disadvantage

The referral wage is meant to protect migrant workers from employers abroad, but changing the terms could end up hurting them.

Foreign Min Jaishankar holds meeting with India's envoys to Gulf nations

External Affairs Minister S Jaishankar has held a meeting with India's envoys to the Gulf nations to discuss a host of issues, including encouraging speedy resumption of flights to this region

EAM S Jaishankar arrives in Kuwait on bilateral visit to Gulf country

External Affairs Minister (EAM) S Jaishankar on Thursday arrived in Kuwait as part of his bilateral visit to the Gulf country."Hon'ble External Affairs Minister of India His Excellency Dr S Jaishankar arrives in Kuwait on a bilateral visit and was received by the Ambassador," Indian High Commission in Kuwait tweeted.Jaishankar's visit a few months after the two countries decided to establish a joint ministerial commission to formulate a framework to strengthen various aspects of bilateral ties.An MEA release earlier had said that EAM Jaishankar during his visit will hold high-level meetings and also address the Indian community in Kuwait. He will also carry a personal letter from Prime Minister Narendra Modi to the Amir of Kuwait.The year 2021-22 marks the 60th anniversary of the establishment of diplomatic relations between India and Kuwait."Traditionally warm and close bilateral relationship between India and Kuwait is characterized by strong people-to-people connect. There are ...

No longer silent, Gulf Arab citizens express anger at Israel amid bloodshed

The ongoing bloodshed in the Gaza Strip has unleashed a chorus of voices across Gulf Arab states that are fiercely critical of Israel and emphatically supportive of Palestinians

Salary income of Indian workers in Gulf exempt from income tax: Sitharaman

Finance Minister Nirmala Sitharaman on Thursday said salary income earned by non-resident Indians in Gulf countries would continue to be exempt from tax in India.

It's time Gulf Arab States look away from Oil and find new revenue sources

We are approaching an energy inflection point in the global economy: plentiful oil supply, a demand plateau by 2030 and more competitive renewable-energy options

Competition Commission approves Indo Gulf Fertilizers-Indorama deal

CCI said it has cleared the proposed acquisition of Indo Gulf Fertilizers by Indorama India Private Ltd

Qatar govt says it's time Gulf Arab nations start talks with Iran

Qatar has suspended a trade dispute with the United Arab Emirates at the WTO, a document showed

Indian missions in UAE warn employment seekers against fake agents

Indian diplomatic missions in the United Arab Emirates have warned jobseekers against fake agents, a media report said

Gulf travel ban imposed for 7-8 days, to hit Indian and West Asian airlines

While India has suspended all flights from UK till December 31, the three West Asian states have stopped air travel from countries around the world for next 7-9 days

UAE opens up economy, allows 100% foreign ownership of firms: Report

Dramatic changes come as it prepares to host 25 mn visitors for the World Expo

Huge untapped potential to expand trade ties between India. Gulf: MEA

There is a huge potential to expand economic engagement between India and the Gulf region including through diversification of the trade basket beyond hydrocarbons, a senior official of the MEA said

Saudi's biggest lender NCB to merge with Samba to create $223 bn entity

Low oil prices and weak economic growth are pushing bank consolidation across the Gulf

Kuwait's Crown Prince Sheikh Nawaf Al Ahmad Al Sabah becomes new emir

Kuwait's interior minister and deputy prime minister, announcing Sheikh Nawaf had taken the position just hours after Sheikh Sabah's death

Kuwaiti ruler Emir Sheikh Sabah, who stood for Arab unity, dies at 91

In a Middle East replete with elderly rulers, Sheikh Sabah stood out for his efforts at pushing for diplomacy to resolve a bitter dispute between Qatar and other Arab nations

Gulf nation's fiscal diet risks deeper pain amid oil price uncertainty

Brent prices have rebounded since plunging to a more than 20-year low in April, but at just over $40 per barrel, they are significantly below what most Gulf states would need to balance their budgets

UP is the new Kerala in terms of remittances from Indians in the Gulf

The northern state houses 21 of the top-50 districts from where most low-skilled Indians go overseas for employment, followed by Bihar with seven; Kerala has only one

Flying to India for NEET amid Covid-19 stressful: Aspirants in Gulf nations

Travelling to India to write the medical entrance exam NEET is not only stressful but also impractical, several candidates in Gulf countries have said

GoAir repatriates 51,314 Indians in over 300 flights from Gulf countries

Saudi Arabia emerged as the top destination for GoAir repatriation flights, followed by Kuwait, the UAE, Qatar and Oman till date