Covid-19 fuels exponential growth in global e-commerce
Global e-commerce jumps to $26.7 trillion, fuelled by COVID-19
Trade & Economy
Coronavirus surge results in gold production decrease in India
Gold, a major item in India’s import and export baskets to the UAE, is among a host of goods impacted
Gold imports rise by 22.58% to $34.6 bn in 2020-21
Gold imports, which have a bearing on the country’s current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data.
A $12.5 Billion Deal Shows Saudi Oil Still Eclipses All Else
Saudi Arabia attracted $5.5 billion in net FDI flows in 2020, equivalent to about 1% of its economic output, according to data compiled by Bloomberg,
Indian refiners deepen cuts to Saudi oil purchases in May – sources
Energy relations between India, the world’s third-biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked.
India, UAE vow to strengthen energy cooperation
UAE is a key oil supplier to India and a partner in an Indian joint venture that plans to build a 1.2 million barrels per day (bpd) refinery and petrochemical complex on the country’s west coast.
Did “Boycott China” work? India’s exports to China increase in 2020
Trade deficit with China has declined 19.39 per cent from USD 56.95 billion in 2019 to USD 45.91 billion in 2020 as the country’s imports from the neighbouring country contracted 10.87 per cent to USD 66.78 billion from USD 74.92 billion in 2019, the data showed.
Exclusive: India to clear 45 investments from China, likely to include Great Wall, SAIC – sources
The change in the Indian government’s stance follows an improvement in the border situation. Troops who were in eyeball to eyeball confrontation in territory claimed by both sides have been withdrawn, the two countries announced on Sunday.
Why India is buying more crude oil from Africa & North America and not Middle East
India’s shift to exporters like US and Nigeria comes amid an increased demand for gasoline, as the pandemic pushes people to private cars instead of public transport.
In Davos speech, UN chief highlights private sector role in pandemic recovery
The private sector has a key role to play in lifting countries out of both the COVID-19 and climate crises, UN Secretary-General António Guterres told international business leaders on Monday.