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…
Latest Gulf Cooperation Council News & Updates
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…
Riyadh, March 19 (IANS) Several Arab nations have reaffirmed their condemnation of Iranian attacks on residential areas, civilian infrastructure, including oil facilities, desalination plants, airports, residential buildings, and diplomatic premises and stressed the right of states to defend themselves in accordance with Article-51 of the United Nations Charter. The Foreign Ministers of Qatar, Azerbaijan, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Pakistan, Saudi Arabia, Syria, Turkey and the Unit…
New Delhi: The ongoing conflict in West Asia, particularly the rising escalation involving the US, Israel, and Iran, has sucked in the Gulf states and has created one of the most volatile environments in recent decades. For India, whose economic and strategic interests are deeply tied to West Asia, the crisis presents both challenges and opportunities. New Delhi has responded with a carefully calibrated policy of strategic neutrality, emphasising restraint, dialogue, and diplomatic engagement ra…
New Delhi, March 13 (IANS) External Affairs Minister (EAM) S Jaishankar on Friday held another telephonic conversation with Iranian Foreign Minister Seyed Abbas Araghchi, discussing bilateral cooperation and matters concerning BRICS, where India is the current chair and Iran a member of the grouping. This marked the fourth such conversation between the two ministers amid the escalating crisis involving Iran, the United States, and Israel.The interaction followed Prime Minister Narendra Modi’s …