Gcc News
Lulu Retail Holdings expects to raise $1.43 billion from its Abu Dhabi IPO
Lulu International Holdings plans to sell a 25 per cent stake or 2.58 billion shares in Lulu Retail Holdings public issue. The company expects to raise $1.43 billion from the listing, reported Bloomberg on Monday.
1 min read4 Nov 2024Why are Gulf countries significant to India
The Gulf Cooperation Council (GCC) is a political and economic union of Arab states bordering the Gulf. It was established in 1981 and its 6 members are the United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain.
10 min read8 Jun 2022GCCs use automation to increase biz during covid
Indian units evolve from being centres of cost optimization to profit generators
2 min read16 Oct 2020We’ll be looking at acquisition opportunities in north India: Dr Azad Moopen
If you look at most of the hospitals, listed firms don’t have significant return on capital invested in India, says Dr MoopenPromoted by Dubai-based Indian healthcare billionaire Dr Azad Moopen, Aster DM is looking for acquisitions to expand its presence in northern India
3 min read7 Mar 2019What a difference $10 billion aid makes to Gulf’s weakest link
Bahrain and Oman are the most vulnerable economies in the Gulf, but one has a $10 billion bailout package and the other is on its own
1 min read12 Dec 2018US trying to ‘embarrass’ Pakistan with terror financing list: Minister
Washington last week persuaded member states of the Financial Action Task Force (FATF) to place Pakistan back on the grey list of nations with inadequate terrorist financing controls
3 min read26 Feb 2018UAE, Saudi Arabia forming new group, separate from GCC
The United Arab Emirates announces formation of a new economic, partnership group with Saudi Arabia, separate from the GCC a move that could undermine the council amid a diplomatic crisis with Qatar
4 min read5 Dec 2017Govt working to ensure free, safe internet access to all: Ravi Shankar Prasad
Digital inclusion, digital access and digital security should become important signposts of cyberspace, says IT minister Ravi Shankar Prasad
1 min read25 Nov 2017IMF tells Gulf states to speed up switch from oil
The IMF advised energy-rich Gulf economies to speed up their diversification away from oil after projecting the worst growth for the region
2 min read31 Oct 2017Bahrain suggests freezing Qatar’s GCC membership
Bahrain’s foreign minister suggests suspending Qatar’s Gulf Cooperation Council (GCC) membership until it accepts the demands of its Arab adversaries
1 min read30 Oct 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared