Gulf Region

The India-Oman CEPA raises intra-company transferee quota from 20% to 50%, allows contractual service suppliers to stay up to two years with a possible two-year extension in Oman, and liberalises visas for business visitors and professionals across services sectors.

Dubai grants provisional approval to crypto firm Blockchain.com

London-based crypto firm Blockchain.com said it had won a provisional approval to operate in Dubai, becoming the latest in a series of digital asset companies expanding in the Gulf region

Recep Tayyip Erdogan in the Gulf seeking to ease Qatar crisis

Erdogan, whose country has come to Qatar's aid in the crisis, had talks in Jeddah Sunday with King Salman who hailed the Turkish leader's "efforts in the fight against terrorism and its financing," Saudi state news agency SPA reported.

No change in IPO plans: Aster DM Healthcare set to refile DRHP

Aster DM Healthcare filed its draft red herring prospectus (DRHP) for IPO in June 2016 with an intention to raise around Rs 2,000 crore, to provide an exit to existing PE investors, repay debt, and invest on expansion.

Qatar National Bank gets go-ahead to open branch in India

The bank, which in June completed the 2.7 billion euro purchase of Turkey's Finansbank, has a presence in more than 30 countries across Europe, the Middle East, Africa and Asia.

FM Arun Jaitley invites UAE to invest in NIIF

This was emphasised by Jaitley during his meeting with the visiting UAE Minister of Economy Sultan Al Mansoori here.

Air India scraps plans to sell some Boeing planes: Source

Air India has scrapped plans to sell some of its Boeing 777 planes after the national carrier failed to find a buyer, a senior government source said.

Religare Securities ties up with brokerage firm Mubasher

India's Religare Securities Ltd (RSL) has entered into a strategic partnership with a leading brokerage firm in the Gulf region, Mubasher Financial Services (MFS), to tap the cross-border investment opportunities. The collaboration will enable Mubasher clients to trade on Religare's platform and access opportunities in India.

Welspun Corp get Rs 1000cr order; stock rises 3.2%

Welspun Corp got orders worth Rs 1000 crore from US, Gulf Region. The orders will be executed within 6-9 months, reports CNBC-TV18, quoting Sources. It touched an intraday high of Rs 160.90 and an intraday low of Rs 157. At 09:40 hrs the share was quoting at Rs 160.30, up Rs 5, or 3.22% on the NSE.

FY12 gems & jewellery exports seen at pre-2008 level

The growth in exports of gems and jewellery from India is likely to return to pre-2008 levels in FY12 and a trade body estimates it at 20%, spurred by buying from the Gulf region and Hong Kong.

Gulf oil states delay Japan-bound crude after quake

Oil exports to Japan from the Gulf region have been temporarily halted after an earthquake struck the world's third-largest oil consumer though order volumes are unchanged, Gulf officials told Reuters on Tuesday.

Rei Agro expects net profit at Rs 300cr in FY11

Rei Agro has declared their third quarter FY11 results. The company has seen a jump in their revenues to Rs 960 crore versus Rs 651 crore. Their net profit stands at Rs 81.38 crore versus Rs 34.28 crore.