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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

GCC countries host nine million Indians, UAE alone home to 3.55 million

UAE tops as most popular destination for Indians.
  • Indians are employed in a wide range of professions from highly qualified fintech, healthcare, information technology, engineering and banking to blue collar jobs
  • Within the GCC, the most popular destination for Indian job seekers is the UAE, which hosts 3.55 million Indians, followed by Saudi Arabia, with 2.64 million Indians

New Delhi, UAE – The number of Indians living in the Gulf Cooperation Council (GCC) countries has crossed nine million, India’s Minister of State for External Affairs, Kirti Vardhan Singh, told Parliament yesterday.

Indians are employed in a wide range of professions from highly qualified fintech, healthcare, information technology, engineering and banking to blue collar jobs like cleaners, maids, electricians and plumbers, the Minister said.

Within the GCC, the most popular destination for Indian job seekers is the UAE, with 3.55 million Indians. The UAE is followed by Saudi Arabia, which hosts 2.64 million Indians, Singh said in reply to questions from members of the Lok Sabha, the lower House of Parliament.

Kuwait has one million Indians, while the rest of the GCC has Indians only in six figures.

India issued emigration clearance to 180,000 of its citizens till 30th June this year take up employment in countries which require such clearance under Indian rules.

This half-yearly figure is somewhat similar to 398,000 emigration clearances issues for the entire calendar year of 2023.

Emigration clearance from the government is required for Indians who have educational qualifications below class 10 in schools. Certain professions such as nurses also require such clearance to take up jobs abroad.