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Middle East

Tata Motors Unveils First AMT Truck

Tata Motors Unveils First AMT Truck

Tue, Nov 19, 2024

Tata Motors has introduced its first Automatic Manual Transmission (AMT) truck in Saudi Arabia, marking a significant step in the company’s expansion into the Middle Eastern market. The new truck combines the efficiency of manual transmission with the ease of automatic control, aimed at improving driver comfort and operational efficiency. This move highlights Tata Motors’ commitment to meeting the evolving needs of the logistics and transportation sectors in the region.

Israel's Netanyahu warns that Lebanon may face destruction and comments on Nasrallah's successo

Israel's Netanyahu warns that Lebanon may face destruction and comments on Nasrallah's successo

Wed, Oct 09, 2024

Israeli PM Netanyahu on October 08 updated on the killing of the presumed Hezbollah successor Hashem Safieddine.

Central government has tools to deal with volatile crude oil rates, says official

Central government has tools to deal with volatile crude oil rates, says official

Fri, Oct 04, 2024

India is bound to be impacted by the spillover impact of global developments, a central government official has said.

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Commitbiz helps entrepreneurs streamline business setup in the Middle East

Commitbiz helps entrepreneurs streamline business setup in the Middle East

Thu, Sep 26, 2024

A notable business idea can be converted into a successful venture when supported by robust infrastructure, a business-friendly environment, and local expertise, empowering entrepreneurs to chase their business dreams.

Middle East Tensions Shake Asian Markets: Powell Hints at Rate Cuts Amid Inflation Dip

Middle East Tensions Shake Asian Markets: Powell Hints at Rate Cuts Amid Inflation Dip

Mon, Aug 26, 2024

Asian markets alert due to increasing tension in Middle East, tension between Israel and Hezbollah increased yesterday, both launched missile attacks on each other, both groups are not in favor of escalating the war further, Powell gave cut in interest rates in Jackson Hole conference. Indications, inflation seems to be falling towards the target of 2%, Fed Chairman's statement led to great rally in US, Dow jumped 460 points, Dow is now just 170 points away from record high, S&P 500 up 1% and Nasdaq up 1.5%. Closed, great action in smallcap stocks, Russell 2000 jumped 3.2%.

Air India suspends Tel Aviv flights citing 'current situation in parts of Middle East'

Air India suspends Tel Aviv flights citing 'current situation in parts of Middle East'

Fri, Aug 09, 2024

Air India News: Air India has suspended its flights to and from Israel's Tel Aviv until further notice with immediate effect. The airline has cited "the current situation in parts of the Middle East" as the reason behind its move. "In view of the current situation in parts of the Middle East, scheduled operation of our flights to and from Tel Aviv are suspended with immediate effect until further notice," Air India wrote on X.

What caused heavy selling in the US market?

What caused heavy selling in the US market?

Mon, Aug 05, 2024

What caused heavy selling in the US market? Will increased unemployment rate in America bring economic recession? Is Volatility going to remain in the global market? What is the impact of Yen's 'Carry Trade'? Is tension going to increase in the Middle East? Why did Warren Buffet sell 50% stake in Apple? Know from Anil Singhvi.

L&T to build 2 GW solar PV plant in Middle East

L&T to build 2 GW solar PV plant in Middle East

Mon, Jul 08, 2024

The company stated that it will build two Gigawatt Scale Solar PV plants with a leading developer in the Middle East.The plants will have a cumulative capacity of 3.5 GW (Gigawatt).

Man Industries Chairman Ramesh Chandra Mansukhani Announces ₹450 Cr New Plant in the Middle East

Man Industries Chairman Ramesh Chandra Mansukhani Announces ₹450 Cr New Plant in the Middle East

Wed, May 29, 2024

Target of ₹ 6,000 Cr income for FY25-26, setting up ₹ 450 Cr new plant in Middle East: Ramesh Chandra Mansukhani, Chairman, Man Industries

Wildcraft India partners with Apparel Group for expansion in GCC region

Wildcraft India partners with Apparel Group for expansion in GCC region

Wed, May 22, 2024

Under the partnership, Apparel Group will partner with leading retailers through Shop-in-Shop (SIS) collaborations to make the Wildcraft brand accessible across all consumer touchpoints - offline and online, Wildcraft India said in a statement.

Amid Middle East tensions, Air India, Vistara avoid Iranian airspace

Amid Middle East tensions, Air India, Vistara avoid Iranian airspace

Sat, Apr 13, 2024

Air India and Vistara have opted to avoid Iranian airspace following the Indian government's advisory urging citizens to steer clear of travel to Iran. As a result, they are now taking longer routes to ensure passenger safety and operational stability.

Hamas, Israel release prisoners; American girl, 4, is freed

Hamas, Israel release prisoners; American girl, 4, is freed

Mon, Nov 27, 2023

The International Committee of the Red Cross said it had successfully transferred 17 hostages from Gaza. Hamas said it had handed over 13 Israelis, three Thais and one with Russian citizenship.

L&T bags mega order in Middle East

L&T bags mega order in Middle East

Mon, Nov 20, 2023

"The hydrocarbon business (L&T Energy Hydrocarbon – LTEH) of L&T has received a Letter of Intent for mega offshore order from a prestigious client in the Middle East," the company said in a filing to BSE.

Investors pull record sums from Saudi in Middle East fund flight

Investors pull record sums from Saudi in Middle East fund flight

Sun, Nov 12, 2023

The iShares MSCI Qatar ETF lost $7.7 million in funds in October, while the iShares MSCI UAE ETF (UAE.O) suffered outflows of $2.75 million.

Investors on edge as Middle East conflict intensifies

Investors on edge as Middle East conflict intensifies

Sun, Oct 29, 2023

The Federal Reserve is set to give its latest monetary policy statement on Wednesday, while Apple's quarterly results highlights another busy week of corporate reports.

World Bank's Banga says geopolitics poses biggest, but not only, risk to world economy

World Bank's Banga says geopolitics poses biggest, but not only, risk to world economy

Tue, Oct 24, 2023

Banga said that while everything in the developed world looks better than had been expected some time ago, "I think that we're at a very dangerous juncture."

US says Egypt agrees to reopen Gaza border to aid as protests rock Middle East

US says Egypt agrees to reopen Gaza border to aid as protests rock Middle East

Thu, Oct 19, 2023

U.S. President Joe Biden discussed aid for Gaza with Egyptian President Abdel Fattah El-Sisi by phone late on Wednesday, while flying home from a less than eight-hour visit to Israel.

Markets fall on weak Asian equities, spike in Brent crude oil prices

Markets fall on weak Asian equities, spike in Brent crude oil prices

Mon, Oct 16, 2023

The BSE benchmark had dropped 125.65 points or 0.19 per cent to settle at 66,282.74 on Friday. The broader Nifty of NSE fell by 42.95 points or 0.22 per cent to 19,751.05.

Global markets watch for fallout as Middle East tensions rise

Global markets watch for fallout as Middle East tensions rise

Mon, Oct 16, 2023

S&P 500 E-Mini futures edged up after they opened on Sunday, last up 0.2 per cent, while oil prices were virtually unchanged.

US stocks skid, oil surges on Middle East conflict

US stocks skid, oil surges on Middle East conflict

Mon, Oct 09, 2023

MSCI's broadest index of Asia-Pacific shares outside Japan went flat, as Chinese blue chips (.CSI300) dropped 1.1 per cent on their return from holidays.

First hydrogen train in Middle East to begin trials next week, Saudi energy minister says

First hydrogen train in Middle East to begin trials next week, Saudi energy minister says

Sun, Oct 08, 2023

The minister also said that Saudi Arabia will be launching a "credible, transparent and adaptable domestic market mechanism" on Monday, without elaborating.

New Mideast corridor would include trains to India

New Mideast corridor would include trains to India

Tue, Sep 12, 2023

India and Saudi Arabia also discussed the possibility of trading in local currencies and expediting the negotiations for a free trade agreement between India and the Gulf Cooperation Council, of which Saudi Arabia is a member.

India 360: Why The Gulf Matters For India: Explained

India 360: Why The Gulf Matters For India: Explained

Tue, Jun 07, 2022

The relationship between India and the Middle East is historical and cultural. Gulf countries have an important role in India's foreign trade. India is also largely dependent on these countries for oil. 60% of crude oil comes to India from Gulf countries. A large number of Indians are living in Gulf countries. The owner of many big retail stores, restaurants in the Gulf country is also Indian. Watch this exclusive report on India 360.

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