Washington, July 23 (IANS) US President Donald Trump will approve a civil nuclear energy agreement with Saudi Arabia only if Riyadh joins the Abraham Accords and normalises relations with Israel, the White House said Thursday.White House Press Secretary Karoline Leavitt told reporters at a news conference that the proposed agreement would bar Saudi Arabia from enriching nuclear material and would cover only non-military uses. She said negotiations remained underway.”The civil nuclear deal, there…
Latest Gulf News & Updates
Manila, July 23 (IANS) External Affairs Minister (EAM) S Jaishankar on Thursday expressed India’s commitment to ASEAN centrality, regional stability and the realisation of a free, open and prosperous Indo-Pacific. Addressing the 21st East Asia Summit (EAS) in Manila on Thursday, EAM Jaishankar noted that the global order remains uncertain and volatile, where interdependence and common interests co-exist with competitiveness and rivalries. “The world economy is today reeling under the impact of…
New Delhi, July 23 (IANS) War-risk insurance premiums for vessels operating on Gulf shipping routes have risen sharply amid escalating geopolitical tensions in West Asia, according to a report released on Thursday.As per analysis of Equirus Raghnall Insurance Broking, war-risk premiums on high-risk shipping routes have increased by 200-300 per cent in recent months and, in some cases, by more than 1,000 per cent.Premiums for the riskiest voyages have reportedly climbed from around 0.2-0.5 per ce…
Ahmedabad, July 22 (IANS) Ahmedabad Customs on Wednesday seized 770.33 grams of 24-carat gold worth more than Rs 1.13 crore and arrested a tour operator after officers intercepted him and his client passengers arriving from Abu Dhabi, in what investigators suspect was an organised attempt to smuggle the precious metal into India. Acting on specific intelligence, officers of the Air Intelligence Unit (AIU) of Ahmedabad Customs intercepted a male tour operator travelling with his client passengers…
Mumbai, July 21 (IANS) India continues to remain a key equity investment destination for wealthy non-resident Indians (NRIs) in the Gulf, even as they increasingly diversify their portfolios into global liquid assets, private equity and international markets, a report has said.According to an analysis by Khaleej Times, the shift marks a significant change in the investment strategies of affluent Indian expatriates in the Gulf, whose wealth has traditionally been concentrated in family-owned busi…
Tehran, July 18 (IANS) At least 50 people have been killed and 500 injured in Iran in US strikes since the start of the new escalation in the Gulf.Tehran’s Health Ministry spokesman, Hossein Kermanpur, reported this on X, specifying that 12 civilians have died in the last 24 hours. According to the spokesman, 460 injured people have been discharged from the hospital, while 37 people remain hospitalised, Italian news agency Adnkronos reported.The Supreme Leader Mojtaba Khamenei of Iran on Saturda…
New Delhi, July 11 (IANS) A recovery in global oil demand from a low of 97.9 million barrel per day (mb/d) in May (a decline of 5.3 mb/d year-on-year) is underway and by October, the International Energy Agency (IEA) expects global demand to be up by more than 8 mb/d from the May low point, putting it above 2025 levels for the first time since February.According to the agency, the upswing in fuel use during the peak summer travel season is set to get an additional boost from the release of pent-…
Muscat, July 10 (IANS) External Affairs Minister (EAM) S Jaishankar held a meeting with his counterpart from Oman, Sayyid Badr bin Hamad bin Hamood Albusaidi, in Muscat on Friday, discussing bilateral ties and developments in the Gulf. According to the Ministry of External Affairs (MEA), during the meeting, EAM Jaishankar expressed India’s appreciation for Oman government for the prompt assistance extended to Indian seafarers during the recent regional developments. The two ministers also exchan…
Tehran, July 9 (IANS) Explosions were heard in coastal areas of Iran’s port city of Bandar Abbas on Thursday afternoon, Iranian media reported.The sounds, which mainly occurred at around 1400 hrs local time (1030 GMT) along the city’s southern coast, were likely the result of an exchange of fire in parts of the Gulf and the Strait of Hormuz, Iran’s Mehr news agency reported.Meanwhile, Iran’s Islamic Revolutionary Guard Corps (IRGC) said three IRGC soldiers from Khuzestan province were killed as …
Washington, July 9 (IANS) Fresh from concluding its landmark free trade agreement with the European Union, India is pursuing an ambitious strategy to expand its network of trade agreements across North America, Latin America, Africa and the Gulf, with negotiations already underway or planned with several major economies, the country’s chief trade negotiator has said.Speaking at an event hosted by the Peterson Institute for International Economics, Darpan Jain, India’s Chief Negotiator for the EU…