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THE GULF COOPERATION COUNCIL
To drive up NRI investments, banks make FCNR deposits attractive with up to 7.1% return on dollar depositsIndia saw inflows topping $155 billion in 2025-26 via remittances. Add another estimated $50 billion from this scheme which will run until ...- Hormuz halt forces Middle East trade into huge rewiringA year after a US-Israel and Iran conflict, Siemens Energy explored alternative routes to Dammam, Saudi Arabia, due to potential Strait of ...
- US-Iran peace deal may help boost India's exports, stabilise rupeeA peace deal between the US and Iran is set to reopen the Strait of Hormuz. This agreement is anticipated to significantly boost India's ex...
- Basmati rice, tea exports to West Asia come to a grinding haltExports of basmati rice and tea to West Asia have stopped due to the US-Iran conflict. Vessels carrying rice are waiting at Kandla Port. Te...
- Free trade pacts to boost furniture exports, domestic manufacturing: IndustryIndia's furniture sector is set for a major boost. New free trade agreements will open up export markets and encourage investment. Domestic...
- Banks court wealthy Indian diaspora in $50 billion deposit driveIndian banks are launching a global campaign to attract over $50 billion in deposits from the diaspora. This initiative aims to strengthen ...
- UHM Vacation shares list at 25% discount to IPO price on BSE SME platformUHM Vacation Listing: UHM Vacation shares debuted on the BSE SME platform at a significant 25% discount to its IPO price, listing at Rs 132...
- Suez Canal sees oil tanker surge amid Strait of Hormuz disruptionEgypt's Suez Canal saw a significant rise in oil tanker traffic and revenue in April. This surge is linked to the closure of the Strait of ...
- Foreign law firms pick up the India case amid uncertaintiesForeign law firms are establishing dedicated India desks across Asia, the Middle East, and Europe as a strategic response to ongoing uncert...
- Conflict in Middle East & its evolution will dominate proceedings of Russia’s leading foreign policy forumMoscow hosts the 12th Primakov Readings forum discussing a world without rules. Global impacts of regional conflicts, especially in the Mid...
- India-Oman trade pact creates strong export push for India's textile MSMEs: GovtIndia's textile and apparel sector is poised for significant growth in Oman following the India-Oman Comprehensive Economic Partnership Agr...
- India-Oman CEPA kicks inThe India-Oman Comprehensive Economic Partnership Agreement is now active. Indian exporters of textiles, leather, plastics, and more will g...
- India-Oman trade pact eases hiring of Indian workers by domestic investors in MuscatIn a significant move, India and Oman have finalized a trade pact that enables Indian firms to hire workers without the constraints of loca...
- Refiners adjust to new crude mix as Hormuz crisis tightens supplyThe conflict has disrupted crude supplies from some of India's biggest suppliers, compelling refiners to process unfamiliar crude grades, s...
- India, Oman trade pact to come into force from June 1; Check what's insideIndia and Oman's Comprehensive Economic Partnership Agreement, CEPA, begins on June 1. This pact offers Indian exports 100% duty-free acces...
- Qatar opposes permanent Strait of Hormuz transit fees, open to temporary tollsQatar has stated its opposition to permanent transit fees for the Strait of Hormuz. A top official indicated that temporary tolls for purpo...
- US seized $1 billion in Iranian crypto, Scott Bessent says; claims Tehran facing financial crisisUS Treasury Secretary Scott Bessent announced the seizure of approximately $1 billion in Iranian cryptocurrency assets as part of "Operatio...
- The City of Gold starts coming back to life after its darkest hourDubai's economic landscape is tested after regional conflict. Aviation, hotels, and real estate see impacts. Luxury retail also faces press...
- Venus Remedies gets Saudi FDA approval for speciality oncology therapyVenus Remedies Limited has secured its first global marketing authorization for its specialty oncology therapy, Plerixafor, from the Saudi ...
- Huge potential to boost food, beverages exports to UAE: TPCIIndia’s food and beverage exports to the UAE are poised for major growth, with current shipments valued at USD 3.6 billion compared to the ...
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