World Bank’s Migration and Development Brief

As per the report of the World Bank’s Migration and Development Brief, India has retained its position as the world’s top recipient of remittances (money sent back home by its nationals working abroad) in 2018. World Bank Report on Remittances ..

Month: Current Affairs - April, 2019

Riyadh venue of 39th Gulf Cooperation Council Summit (GCCS-2018)

The 39th Gulf Cooperation Council (GCC) Summit 2018 was held in Riyadh, Saudi Arabia. In it, the Secretary-General Abdellatif al-Zayani read the closure declaration in which member countries underscored their loyalty to the organization. The declaration called on to form ..

UAE to host 3rd edition of International Business Conference ‘MahaBiz 2018’

The 3rd edition of acclaimed International Business Conference ‘MahaBiz 2018’ will be held in Dubai, United Arab Emirates (UAE) on 12th and 13th October 2018. MahaBiz is considered a bridge for business opportunities between Maharashtra state and Gulf Cooperation Council ..

Saudi Arabia, UAE introduce VAT for first time

Saudi Arabia and United Arab Emirates (UAE) became first countries of Gulf Cooperation Council (GCC) to introduce Value Added Tax (VAT) for the first time to increase their revenue away from oil reserves. The other members of 6 member GCC– ..

Month: Current Affairs - January, 2018

UAE and Saudi Arabia form new group, separate from GCC

The United Arab Emirates (UAE) and Saudi Arabia have formed new economic and partnership group named Joint Cooperation Committee, separate from Gulf Cooperation Council (GCC). This move that could undermine six-member GCC amid Saudi led Arab countries diplomatic crisis with ..

Month: Current Affairs - December, 2017

Road shows in Gulf nations to attract investors

The Government has taken up a series of initiatives to attract investors to India. With the recent launch Qualified Foreign Investors route & the changes made in external commercial Borrowing Guidelines, Govt is keen to exhibit plethora of investment opportunities ..

Month: Current Affairs - June, 2012