Search Site

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

Lulu’s IPO raises $1.72bn

The proceeds make it the largest UAE IPO of 2024 to date.

DAE 9M net profit $310m

The company said this was a 54.9 percent YoY increase in net profit.

GCC-India ink MoU for consultations mechanism

The Indian Minister and the GCC Secretary-General exchanged views on current regional and global situation. (AFP)
  • The MoU was signed between India’s Minister for External Affairs Dr. S Jaishankar, and the GCC Secretary-General Dr. Nayef Falah Mubarak Al-Hajraf.
  • India’s Ministry of External Affairs said, "both sides reviewed bilateral relations and discussed ways to enhance them"

NEW DELHI, INDIA – India has signed a Memorandum of Understanding (MoU) with the Gulf Cooperation Council (GCC) Secretariat on the “mechanism of consultations” between the two sides.

The MoU was signed between India’s Minister for External Affairs Dr. S Jaishankar, and the GCC Secretary-General Dr. Nayef Falah Mubarak Al-Hajraf.

India’s Ministry of External Affairs said, “both sides reviewed bilateral relations and discussed ways to enhance them” during Jaishankar’s just-concluded visit to Riyadh, when the MoU was signed.

The Indian Minister said he and the GCC Secretary-General “exchanged views on current regional and global situation and the relevance of India-GCC cooperation during a productive meeting.”

India has been steadily stepping institutional engagement of the GCC in addition to regular bilateral meetings with its member countries. Dr. Nayef made his first official visit to India in November last year.