Gulf

Brent crude surges to $81 as markets brace for Tehran’s next move and threats to Strait of Hormuz escalate.

Piyush Goyal's Muscat visit from 27-28 Jan to spur India-Oman FTA talks

This visit underscores the importance that India attaches to its trade and investment ties with Oman, an important commercial partner in the Gulf Cooperation Council (GCC) with bilateral trade estimated at over $8.94 billion in 2023-2024, India's commerce ministry said in a statement on January 26.

Lufthansa stops using Iran airspace and keeps halt on Tehran flights

The move comes after Iran blamed arch-foe Israel for a strike in Syria this month that killed two Iranian generals and threatened reprisals.

5 new things to do in Abu Dhabi

As PM Narendra Modi inaugurated the largest Hindu temple in the Gulf region, the BAPS Mandir, this week, more Indians look to travel to Abu Dhabi. Sheikh Zayed Grand Mosque is a must visit, but here's what more you can do and see there.

Reliance Retail in talks with Gulf, Singapore funds on $1.5 billion injection

The talks with investors are part of an internal target to raise $3.5 billion which the company wants to close by the end September, Reuters has reported.

Saudi unveils new airline to compete with Gulf rivals

The Gulf kingdom is pursuing ambitious aviation goals as part of Crown Prince Mohammed bin Salman's wide-ranging "Vision 2030" reform agenda, including more than tripling annual traffic to 330 million passengers by the end of the decade.

Exclusive | As global demand for Indian rice shoots up, govt assessing need for export curbs

India, the largest exporter of rice, is considering curbs on overseas shipments as demand for the cereal shoots up and domestic requirements rise.

Summer means suffering: How workers survive intense Gulf heat

Although summer has only just begun, temperatures have already topped 50 degrees Celsius (122 Fahrenheit) in parts of the desert region, which is bearing the brunt of climate change. Summer means suffering for anyone working outside, along with risks of dehydration, heat stroke and heart failure, and Gulf countries have banned working outside in the hottest hours of the day.

Joe Biden planning Gulf visit, could meet crown prince: Sources

No final decisions have been made about the trip, according to sources inside and outside the United States familiar with the planning, who spoke on condition of anonymity.

Salary income of Indian workers in Gulf exempt from I-T, says FM Nirmala Sitharaman

Quoting a tweet of TMC MP Mahua Moitra, FM Nirmala Sitharaman clarified that the Finance Act 2021 has not brought in any new or additional tax on Indian workers in Saudi/UAE/Oman/Qatar.

India in talks with US, Canada, European and Gulf countries on establishing air travel bubbles, says AAI

Scheduled international passenger flights remain suspended in India since March 23 due to the coronavirus pandemic.

Over 3 lakh register in Gulf as govt prepares for biggest evacuation exercise in decades

According to officials, over 10,000 Indians in the Gulf region were found to have contracted coronavirus while 84 of them have died.

US warns vessels transiting Gulf amid tensions with Iran

Tensions have soared since the U.S. airstrike earlier this month that killed Gen. Qassem Soleimani, Iran's top general and the architect of its regional military activities. Iran responded by firing ballistic missiles at U.S. troops in Iraq, without wounding anyone, and accidentally shot down a Ukrainian jetliner near Tehran, killing all 176 on board.

Jaishankar discusses tense situation in Gulf with Pompeo, Zarif; voices India's concerns

Jaishankar also separately spoke with Omani Foreign Minister Yusuf Alawi and his UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan on the tense situation in the region.

US' Mike Pompeo discusses Iran with Gulf allies amid escalating crisis

A senior U.S. State Department official said the United States is building a coalition with its allies to protect Gulf shipping lanes by having "eyes on all shipping" following recent attacks on oil tankers that Washington blamed on Iran.

Commodities@Moneycontrol: Roundup of key happenings in the market

Here's a roundup of the key happenings in the commodities market, with a deep dive into some of the most active counters.

Gulf, West Asia key priority for India: Modi

Modi said he will visit the UAE from February 10-11.

Saudi, UAE introduce VAT in first for Gulf

Saudi Arabia compounded the New Year blow for motorists with an unannounced hike of up to 127 per cent in petrol prices with immediate effect from midnight.

US approves $1 bn Qatar arms deal despite Gulf crisis

Qatar, home to one of the largest US military bases in the Middle East, is locked in a bitter dispute with Washington's other Arab allies in the region, led by Saudi Arabia.

Saudi, allies slam Qatar non-compliance as threat to security

Saudi Arabia, Egypt, the United Arab Emirates and Bahrain said Qatar's rejection of a list of demands they set to lift sanctions on Doha "reflects its intention to continue its policy, aimed at destabilising security in the region," according to a statement on the official SPA news agency.

Saudi minister says Qatar boycott to remain in place

"The boycott will remain," he said at a news conference in Cairo after meeting with his counterparts from Egypt, Bahrain and the United Arab Emirates over the crisis.

UN tells Qatar to mend fences with Gulf neighbours

Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani met with Security Council members on Friday to discuss the rupture in ties with Saudi Arabia, the United Arab Emirates, Bahrain and Egypt.

Qatar crisis: Saudi bloc extends deadline by 48 hours

The deadline by the Saudi bloc to Qatar to meet its terms has been extended by 48 hours.

Qatar denounces 'unjustified' cut of Gulf ties

"The measures are unjustified and are based on false and baseless claims," the Qatari foreign ministry said in a statement, referring to the unprecedented steps taken by Saudi Arabia, Bahrain, the United Arab Emirates and Egypt.

Peter England aims Rs 1,600 cr sales by FY 2020-21

Aditya Birla Fashion and Retail's clothing brand Peter England aims a turnover of Rs 1,600 crore in the next four years on the back of expansion in sales network and growth in online sales.