India, Gulf Cooperation Council agree to pursue Free Trade Agreement; resume talks: Piyush Goyal
Bilateral trade in goods has increased to USD 154.73 billion in 2021-22 from USD 87.4 billion in 2020-21. Services trade between the two regions was valued at around USD 14 billion in 2021-22, with exports aggregated at USD 5.5 billion and imports at USD 8.3 billion.
Nov 25, 2022, 13:27 PM IST
IMF tells Gulf states to speed up switch from oil
In its Regional Economic Outlook, the International Monetary Fund on Tuesday projected GCC economic growth at just 0.5 per cent this year, the worst since the 0.3 per cent growth in 2009 following the global financial crisis.
Oct 31, 2017, 12:25 PM IST
US concerned Arab dispute with Qatar may intensify: State Department
Underscoring US concerns about a crisis involving key allies in the Middle East, Defense Secretary Jim Mattis discussed the importance of easing tensions in a phone call with Qatari Minister of State for Defense Affairs Khalid al-Attiyah.
Jul 07, 2017, 08:51 AM IST
Fresh economic sanctions on Qatar being considered: UAE envoy
The UAE, Saudi Arabia and Bahrain severed diplomatic and travel ties with Qatar this month, accusing it of funding hardline Islamist militant groups in the region, a charge Doha denies.
Jun 28, 2017, 14:32 PM IST
India issues advisory for Indian nationals in Qatar
A senior UAE official said that measures being taken by the United Arab Emirates and other nations against Qatar are aimed at pressuring Doha into changing its policies.
Jun 07, 2017, 21:11 PM IST
Amid regional strains, Qatar says hackers post fake comments by Emir
The Qatar News Agency (QNA) website has been hacked by an unknown entity.
May 24, 2017, 09:46 AM IST
US and six Gulf countries join hands to curb terror financing
US, six Gulf countries have joined hands to curb terror organisations like Lashkar-e-Taiba, Haqqani network and the Taliban.
May 23, 2017, 09:09 AM IST
Donald Trump-GCC leaders' summit begins in Saudi Arabia
US President Donald Trump and leaders of the six Gulf Cooperation Council (GCC) countries -- Saudi Arabia, Bahrain, Qatar, Kuwait, Oman, and the United Arab Emirates -- began asummit meeting here on Sunday, officials said.
May 21, 2017, 17:12 PM IST
Remittances to India to decline by 5% in 2016: World Bank
India, the world's largest remittance recipient in 2015, may receive a remittance of USD 65.5 billion this year, a drop of 5 percent, the World Bank has said in a new report citing weak economic growth in remittances-source countries and cyclic low oil prices.
Oct 07, 2016, 15:42 PM IST
Gulf states condemn law letting 9/11 families sue Saudi Arabia
Fifteen of the 19 hijackers who crashed airliners in New York, outside Washington and in Pennsylvania on September 11, 2001, were Saudi nationals.
Sep 12, 2016, 17:03 PM IST
This is what VK Singh said before embarking on mission to evacuate jobless Indians facing financial crunch in Saudi Arabia
The economic slowdown in the Gulf Cooperation Council region following the fall in global crude oil prices has affected over 10,000 Indians, mostly working in the construction sector.
Aug 02, 2016, 00:19 AM IST
Gulf OPEC members seek to revive global oil output deal
Vienna: Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets on Thursday, a senior OPEC source said, but Iran signalled the country was not ready for any such pact.
Jun 01, 2016, 18:34 PM IST
Gulf monarchies declare Lebanon`s Hezbollah a `terrorist` group
The six-member Gulf Cooperation Council "decided to consider the militias (of Hezbollah) a terrorist organisation".
Mar 02, 2016, 16:04 PM IST
John Kerry in Riyadh as Saudi-Iran tensions simmer
US Secretary of State John Kerry arrived in Saudi Arabia on Saturday hoping for an easing of tensions between the Sunni power and its predominantly Shi'ite rival Iran.
Jan 23, 2016, 15:14 PM IST
Gulf states unlikely to drop dollar peg: S&P
Gulf states are not expected to drop their long-term monetary link to the US dollar after the sharp drop in oil prices and fiscal reserves, Standard and Poor`s said Tuesday.
Jan 19, 2016, 17:43 PM IST
NeoBiocon to sell anti-diabetic drug in UAE
Vildagliptin is available as monotherapy and in combination with metformin. Both the drugs commands over 30 percent of the DPP-IV market in the UAE.
Dec 10, 2015, 20:47 PM IST
'Gulf must impose taxes to strengthen fiscal positions'
Gulf countries should start levying taxes to strengthen their fiscal positions in view of the current low oil prices which are expected to slowdown their economies, according to a global organisation for Chartered Accountants.
Nov 16, 2015, 15:16 PM IST
Gulf an attractive region for expatriates to live in, survey
The Gulf Cooperation Council (GCC) region has been named the most safe and secure place for expatriate professionals, according to a survey.
Oct 01, 2015, 15:54 PM IST
Sushma Swaraj meets GCC ministers, pushes India-GCC Free Trade Agreement
India continued its mission to cement ties with the Arab world as External Affairs Minister Sushma Swaraj held talks with her counterparts from the Gulf Cooperation Council (GCC) whose nations she said were "an extended part of our neighbourhood".
Oct 01, 2015, 12:00 PM IST
Sushma Swaraj meets Gulf Cooperation Council ministers
India continued its mission to cement ties with the Arab world as External Affairs Minister Sushma Swaraj held talks with her counterparts from the Gulf Cooperation Council (GCC).
Oct 01, 2015, 10:23 AM IST
