Trump Says U.S.-India to Sign $3 Billion in Defense Deals
Last week, India’s cabinet cleared $2.6 billion purchase from Lockheed Martin Corp. of 24 multi-role MH-60R Seahawk maritime helicopters to Indian navy.
Trade & Economy
UAE tops as most popular destination for Indians
With big publicity campaigns under way for Expo 2020 Dubai, the expectation here is that the number of Indians visiting the UAE this year and the next will reach record levels.
Middle East’s $2 trillion wealth could be gone by 2034: IMF
Saudi Arabia, the U.A.E. and Kuwait are the biggest producers in the GCC and are all OPEC members. Risks differ for the GCC states, which also include Qatar, Oman and Bahrain.
Indian Budget a roadmap for exports: FIEO President
The focus on standards and quality will facilitate exports of quality products from India fetching better unit realisation and enabling Indian manufacturers to meet the technical standards
India, Brazil set target of USD 15 bn trade by 2022
Trade between the two countries will grow to USD 15 billion by 2022.
In spite of import curbs Malaysia to speak against New Delhi
Last week, India imposed restrictions on imports of refined palm oil and palmolein in the backdrop of adverse remarks by Mahathir on the new citizenship law and the Kashmir issue.
Photo: Reuters
India’s forex reserves touch record USD 461.16 billion
In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which rose by USD 3.013 billion to USD 427.949 billion, the data released by the Reserve Bank of India on Friday showed.
India-Oman Investment Meet promotes Bilateral Investments
India has moved from 130 rank in 2016 to 63 rank in 2019 in ‘Ease of Doing Business Ranking’ and has attracted Foreign Direct Investment of US$286.3 billion between 2014-18.
Tajikistan participates in Kolkata Buyers and Sellers Exhibition
Photo: Indian Chamber of Commerce
OPEC announces further supply cuts
This means a 500,000 barrels a day decrease from world markets from January 2020, in additon to the existing 1.2 million bpd cut arrived in October 2018.
Photo: OPEC