BRICS Bank Outlines Ambitious Plans to Boost Loans, Increase Impact of Investment
Cape Town – The New Development Bank (NDB), a multilateral finance institution established by Brazil, Russia,
Trade & Economy
Aramco world’s most profitable company in 2018: Moody’s
It is the first time that the company has made a public disclosure of its earnings since its nationalization.
Photo: Courtesy Saudi Aramco
Russian banks join Chinese alternative to SWIFT payment system
Russia created its own SWIF alternative – he SPFS (System for Transfer of Financial Messages) – in 2014 and the first system transaction was made by Rosneft in December 2017.
Photo: Donat Sorokin/TASS Host Photo Agency/Pool via REUTERS
Oman’s oil minister in Sri Lanka: Officials
Oman’s oil minister arrived in Sri Lanka on Saturday to participate in the launching of a $3.85 billion oil refinery project,
Photo: EnergyInfraPost
UAE employers to continue to recruit from Asia in 2019
IT and health care professionals will continue to be recruited from Asia
Photo: Jack Brewer/ MPI
Saudi’s Falih says no OPEC+ output policy change until June
Along with China and the U.S., India’s expanding economy was driving global oil demand growth.
Image: GETTY
“Israel should consider India as the biggest manufacturing hub”
Eddna Samuel is a Mumbai-based entrepreneur and event manager, currently heading MOTIF Advertising. Motif is majorly focused on enhancing and deepening business and trade ties between India and Israel and has been organizing a series of B2B meetings between Indian and Israeli entrepreneurs and corporate houses. The next such B2B meeting will be taking place in Tel Aviv in June 2019 and Samuel will be leading a big business delegation from India. IAR caught up with Eddna to get a sense of where India-Israel business ties are headed:
Photo:I AR
BRICS to have single integrated payment system
The BRICS (Brazil, Russia, India, China, and South Africa) are working out a single payment
Major oil and gas find in South Africa
Significant discovery of condensate in the Brulpadda prospect off the coast of South Africa
A major boost for the South African economy
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OMAN’S REMITTANCES MARKET WILL REBOUND ALONG WITH ECONOMIC GROWTH
In an interview Tonny George Alexander, director at Oman-UAE Exch-ange Centre talked about the company’s operations and market position in the sultanate. He believes Oman’s remittances market will rebound along with the economic growth of the country. Alexander said the technological advancement is imperative and adapting the business to rapid changes in technology is a big challenge ahead of the company.