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…
Latest United Arab Emirates News & Updates
New Delhi, April 10 (IANS) Flights are continuing to operate from Gulf countries where airspace remains open, while around 8,43,000 passengers have travelled from the region to India since 28 February, according to a statement by the Ministry of External Affairs issued on Friday. In the United Arab Emirates, airlines continue to operate limited non‑scheduled commercial flights between India based on operational and safety considerations, with around 95 flights expected on Thursday.Flight…
Doha, April 10 (IANS) Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani on Friday met his British counterpart Keir Starmer in Doha, where both leaders discussed the latest regional developments following the recently announced ceasefire involving the United States and Iran. According to Qatar’s Ministry of Foreign Affairs, Sheikh Mohammed reiterated his support for the ceasefire announcement and stressed the urgent need to build upon it to prevent further escalation in…
Seoul, April 10 (IANS) The South Korea’s National Assembly is set to handle an extra budget bill Friday aimed at coping with the economic fallout from the ongoing war in the Middle East.The extra budget, intended to ease the burden of rising oil prices and protect small businesses and vulnerable households from the economic repercussions of the conflict, has expanded to around 30 trillion won ($20.3 billion) from the government’s initial proposal of 26.2 trillion won, following reviews by standi…
New Delhi, April 8 (IANS) US President Donald Trump, during his second term in office, is radically altering the close and longstanding ties between India and the United States that had been forged over recent years, as his administration pursues a more isolationist America First policy, and given this, the “new rapprochement between India and the EU is crucially deemed to strengthen stability within the international system”, according to an article.The Trump administration has made a drastic s…
New Delhi, April 7 (IANS) Debt-ridden Pakistan is facing a grim financial situation as it has to repay $3.5 billion to the United Arab Emirates this month. The repayment, confirmed by a senior cabinet minister during a press briefing, as reported by Pakistan’s Express Tribune, comes at a time when Islamabad’s foreign exchange reserves have fallen to abysmally low levels, raising concerns about the country’s capacity to fulfil its external debt obligations.This financial burden has been int…
Seoul, April 7 (IANS) South Korea President Lee Jae Myung’s chief of staff said he will depart for Kazakhstan, Oman and Saudi Arabia later Tuesday to discuss ways to secure crude oil and naphtha supplies amid few signs of apparent progress toward a truce in the US-Israeli war with Iran.The planned visit by presidential chief of staff Kang Hoon-sik to the region comes as the government has been seeking to secure crude oil as the traffic through the Strait of Hormuz has been effectively closed, wi…
New Delhi, April 5 (IANS) With no end in sight to the ongoing conflict in West Asia, Gulf nations are intensifying efforts to reduce their reliance on the Strait of Hormuz, a vital transit chokepoint through which nearly 20 million barrels of oil pass daily, a report has said.Rising geopolitical risks and recent attacks on shipping have pushed long-discussed alternatives, including pipelines and overland corridors, closer to implementation.According to a report by the Financial Times, countries …
New Delhi/Islamabad, April 4 (IANS) Facing mounting pressure, Pakistan has agreed to fully repay approximately “USD 3.5 billion” in deposits and loans to the United Arab Emirates (UAE) by the end of April, after the Gulf nation sought the immediate return of the money. The development comes amid reports that the UAE asked for the swift repayment of the funds, reportedly due to regional tensions linked to the ongoing conflict in West Asia involving the US, Israel, and Iran.Multiple media repo…
Islamabad, April 4 (IANS) The Finnish Embassy in Islamabad will cease its operations this summer, with the mission continuing to function until the final date is announced. After reopening its Embassy in 2022 following a decade-long closure, Helsinki has decided to shut it again, the local media reported. Finland’s neighbouring country, Sweden, had already closed its mission in Pakistan indefinitely in 2023 due to security concerns.Citing Finnish Embassy sources, leading Pakistani daily ‘The New…