Farmers sprinkle fertilisers on a paddy field on the outskirts of Ahmedabad, India. Reuters
Indian economy is likely to swell to $5 trillion mark ahead of its target of 2024 despite huge challenges and global trends. This was stated by T.N. Manoharan, non-executive chairman of India’s Canara Bank recently in Dubai,
Adding to the persisting concerns of a weakening economy, an IHS Markit report said that business sentiment in the country in June fell to the lowest level since 2016 as companies are worried over a subdued economy, government policies, regulation and water shortages.
The Asian Development Bank (ADB) on Thursday revised downwards its outlook for India’s GDP growth for the financial year 2019-20 to 7 per cent from its previous forecast of 7.2 per cent due to shortfall in the previous fiscal.
Pakistan has approved the construction of five liquefied natural gas (LNG) terminals by groups that include Exxon Mobil Corp and Royal Dutch Shell, aiming to triple imports and ease the country's chronic gas shortage,
Dubai has risen in the ranks of the Global Financial Centres Index, GFCI, to the eighth position, representing its highest ever-ranking.
The GCC States are keen to develop the joint cooperative system among them through a number of vital and strategic projects and plan to achieve economic integration among member states.
Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, now offers direct flights between Sharjah and Vienna. The non-stop six-hour flight to Vienna, will operate four times a week, on Sundays, Wednesdays, Fridays and Saturdays,