Mumbai, July 10 (IANS) India’s foreign exchange reserves surged by $7.260 billion to $674.193 billion in the week ended July 3, reversing the decline recorded in the previous week, according to data released by the Reserve Bank of India (RBI) on Friday.The value of India’s gold reserves rose by $2.669 billion to $105.205 billion during the reporting week.The country’s holdings of Special Drawing Rights (SDRs) with the International Monetary Fund also increased by $65 million to $18.623 billion.T…
Latest Gulf region News & Updates
Muscat, July 3 (IANS) Air Vice Marshal SK Taliyan of the Indian Air Force and Air Commodore Khalid Mohammed Abdullah Al Abri of the Royal Air Force of Oman on Friday held discussions on enhancing interoperability, joint training and professional exchanges between the two countries.”The 11th Indian Air Force and Royal Air Force of Oman Air Staff Talks were held at Muscat in Oman, from July 1 to 2. The talks were co-chaired by Air Vice Marshal SK Taliyan of the Indian Air Force and Air Commodore K…
Mumbai, July 3 (IANS) Banks have registered a gradual increase in the flow of overseas funds after the rollout of the Reserve Bank of India’s (RBI) revised Foreign Currency Non-Resident Bank (FCNR-B) deposit scheme, and expect collections to accelerate further this month as awareness among NRIs is growing.The banking industry has mobilised an estimated $3-4 billion through FCNR-B deposits so far, according to an NDTV Profit report.Bankers expect inflows to gather pace in the coming weeks, partic…
New Delhi, July 2 (IANS) Air India Express on Thursday said that it has restored connectivity across its entire West Asia network by resuming services to Salalah in Oman and Kuwait, further strengthening air links between India and the Gulf region.The airline said flights on the Kozhikode–Salalah route resumed from July 2, while services between Kozhikode and Kuwait will restart from July 3. Flights connecting Bengaluru and Kuwait are scheduled to resume from July 4, with frequencies set to in…
Washington, June 26 (IANS) US President Donald Trump on Friday said Iran violated the ceasefire agreement between the two sides by launching at least four one-way attack drones at commercial ships transiting the Strait of Hormuz. “One of the drones solidly hit the upper deck of a large and very expensive cargo-carrying ship,” Trump wrote in a post on Truth Social.”Damage was done, but the ship was able to proceed on its way,” he said. “We knocked down three other drones.”Trump said the drone att…
Washington, June 24 (IANS) US President Donald Trump claimed that Iran has agreed never to acquire a nuclear weapon as part of what he described as a “historic peace agreement” that ended tensions in the Strait of Hormuz, while asserting that Tehran’s military capabilities had been severely weakened.Speaking at a Mack Trucks manufacturing facility in Macungie, Pennsylvania, Trump said preventing Iran from obtaining a nuclear weapon remained the central objective of his administration’s policy to…
Washington, June 21 (IANS) The Trump administration on Sunday indicated that Iran may be allowed to retain a limited missile capability under a future agreement, signalling a major shift from its earlier assertion that Tehran needs to dismantle its missile programme entirely.The remarks came as US Vice President JD Vance prepared to open talks with Iranian officials, with both sides seeking to build on a Memorandum of Understanding(MoU) reached after months of military confrontation in the Gulf….
Mumbai, June 14 (IANS) The Directorate General of Shipping (DGS) has advised shipping companies as well as maritime recruitment and placement agencies to restrict deployment of Indian seafarers to in the Middle East conflict areas until further orders, days after three Indian seafarers onboard MT Settebello were killed after the US military strike on the commercial vessel off the Oman coast.DG Shipping, in a circular, said masters of vessels operating in or transiting through the Gulf region, in…
Washington, June 12 (IANS) US President Donald Trump on Friday accused Iran of acting in bad faith during ongoing negotiations and claimed that a drone attack targeting Indian ships near the Strait of Hormuz had been thwarted, injecting fresh uncertainty into diplomatic efforts that he had earlier said averted planned US military strikes. In a post on Truth Social, Trump rejected Iran’s public description of the negotiations and said Tehran had misrepresented the terms of an agreement reached in…
Helsinki, June 12 (IANS) Finnish President Alexander Stubb described India as an “influential actor” on the global stage and underscored the importance of hearing New Delhi’s perspective during a meeting with External Affairs Minister (EAM) S. Jaishankar on the sidelines of the Kultarana Talks in Helsinki.Following the meeting, Stubb took to X and posted, “We met today at Kultaranta with India’s Foreign Minister S. Jaishankar. We discussed the situation in the Middle East and the Persian G…