OPEC forecasts rise in global oil demand
2020 has witnessed a collapse in oil prices after global demand fell by a third when governments imposed lockdowns to stop the spread of the virus.
Trade & Economy
Saudi Arabia, Iraq, and Nigeria commit to OPEC+ deal
Saudi Arabia, Iraq, and Nigeria underlined their complete commitment to the OPEC+ deal on Monday.
Google to be nvest $10 billion in India
This is a reflection of our confidence in the future of India and its digital economy, Sundar Pichai said.
Global economy to contract by 5.2 per cent in 2020 as coronavirus continues to spread: Report
According to Dun and Bradstreet’s Country Risk and Global Outlook Report, that covered 132 countries, the wider global context remains sombre and the global economy will not reach pre-pandemic levels of activity again before 2022.
$15 billion project: Gulf countries to be linked by trains
First phase of the Gulf Railway Project, which is expected to be finalized in 2023, will connect Saudi Arabia, the UAE and Oman
India’s trade deficit with China decreases to $48.66 bn
By IAR Desk New Delhi: India’s trade deficit with China fell to US$48.66 billion in 2019-20
The Most Troubling China-India Conflict Is Economic
In April, New Delhi tightened its foreign investment laws, a move widely interpreted as aimed at Beijing.
EU Challenges China’s Trade Expansion With Landmark Tariff
Europe is stepping up efforts to guard against expansionist Chinese commercial policies, part of a balancing act that echoes U.S. concerns about China’s economic rise while staying within the framework of the World Trade Organization.
India’s forex reserves surge to all-time high of $493.48 billion
The reserves, which are counted as a key strength as the country faces the economic impact of the COVID-19 pandemic, had risen by USD 3 billion to an all-time high of USD 490.044 billion in the previous week.
FDI in India jumps 13% to record $ 49.98 bn in 2019-20
By PTI Foreign direct investment (FDI) in India grew by 13% to a record of