Seoul, May 5 (IANS) The presidential office said on Tuesday it will likely take several days to determine the cause of an explosion and fire aboard a Panama-flagged bulk carrier operated by South Korea’s HMM Co. in the Strait of Hormuz.Presidential spokesperson Kang Yu-jung made the remarks in a written briefing after senior presidential officials, including presidential chief of staff Kang Hoon-sik, held a meeting to discuss the response to the fire, reports Yonhap news agency.”It is expected t…
Latest Gulf Cooperation Council News & Updates
Abu Dhabi/New Delhi, April 29 (IANS) The bilateral partnership between India and the United Arab Emirates (UAE) is likely to deepen, reflecting strong alignment and shared understanding amid the West Asia crisis. This growing trust is also evident in the recent official remarks of Emirati leadership, a report said on Wednesday.The UAE Ambassador to India, Abdulnasser Alshaali, during the tensions in West Asia noted that Indians in the UAE are “considered family by the leadership of this countr…
Kathmandu, April 28 (IANS) Nepal’s prolonged sluggish economic growth is likely to continue in the current fiscal year 2025-26, with the National Statistics Office projecting growth at 3.85 per cent on Tuesday. Though this is slightly higher than the government’s revised projection of 3.5 per cent made in February, it reflects the continuing low-growth trajectory since Covid-19 struck the country in fiscal year 2019-20, when the economy contracted by 2.37 per cent.Nepal’s Finance Ministry stat…
Washington, April 15 (IANS) India’s remittance inflows could come under pressure if economic disruption persists in the Gulf region, with potential losses estimated at up to $10 billion, Chief Economic Advisor V. Anantha Nageswaran said on Wednesday. Addressing the US-India Economic Forum 2026, Nageswaran highlighted the vulnerability of remittance flows to geopolitical tensions and economic slowdowns in key host countries.India received about $124 billion in remittances in 2024–25, ma…
New Delhi, April 11 (IANS) Commerce and Industry Minister Piyush Goyal had a virtual call with Dr Majid bin Abdullah Al Qassabi, Minister of Commerce of Saudi Arabia, and expressed optimism that the recently announced ceasefire would pave the way to lasting peace and security in the region, a ministry statement said on Saturday.He hailed indomitable spirit of Saudi people who have been steadfast in their resolve to maintain supply chain resilience amidst increased disruptions and volatility.Goya…
New Delhi, April 10 (IANS) Amid evolving geopolitical developments in the Gulf region, Union Commerce and Industry Minister Piyush Goyal on Friday held a series of high-level virtual meetings with key Gulf partners — underlining the importance of supply chain resilience, stable trade flows, and deeper economic cooperation following the recent ceasefire.In his interaction with Jasem Mohamed Al Budaiwi, Secretary General of the Gulf Cooperation Council, Goyal expressed optimism that the ceasefire…
New Delhi, April 8 (IANS) Commerce and Industry Minister Piyush Goyal on Wednesday said he had meaningful virtual interactions with several world leaders to further strengthen bilateral ties and trade.Goyal has a “constructive virtual interaction” with Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, the UAE.“We discussed opportunities to further strengthen India–UAE trade ties and expand avenues for deeper bilateral cooperation. Look forward to advancing our strategic partners…
Seoul, April 5 (IANS) Finance Minister Koo Yun-cheol urged Gulf Cooperation Council (GCC) countries to strengthen cooperation to help stabilise energy and raw material supply chains amid prolonged tensions in the Middle East, the finance ministry said on Sunday.Koo, who also serves as deputy prime minister, met with ambassadors from the six GCC countries in Seoul on Friday at the residence of the United Arab Emirates (UAE) ambassador to discuss economic cooperation, according to the Ministry of …
Tehran, March 27 (IANS) Iran has issued an “ultimatum” to hotel owners in Bahrain and the United Arab Emirates, warning that hosting US military personnel could make their properties legitimate military targets, the semi-official Fars news agency reported.Fars reported that US forces have taken refuge in regional hotels following Iranian missile strikes and joint operations with allied militant groups that targeted American military infrastructure across the Middle East. The warning covers any f…
Doha, March 19 (IANS) Qatar on Thursday strongly condemned “Iran’s aggression” and demanded immediate cessation of hostilities asserting that increasing hostilities and escalating the war will only lead to further destabilization of the region. Addressing the media jointly with his Turkish counterpart Hakan Fidan in Doha, Qatar’s Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani mentioned that Iran’s claim that it is targetting US bases is “unacceptable and unjustif…