Indian Prime Minister Narendra Modi will visit five countries, including the United Arab Emirates and several European states, from 15–20 May, as rising oil prices driven by the Middle East conflict puts pressure on India’s foreign reserves, the Foreign Ministry said.
Modi will first travel to the UAE on Friday (15 May), before heading to the Netherlands, Sweden, Norway and Italy.
The visit comes after Modi called for austerity measures at home, including fuel conservation, reduced imports and gold purchases, as well as cuts in non-essential travel, in response to rising energy costs that are weakening India’s economic buffers.
Following his remarks, Indian equity markets fell, while the rupee recorded its sharpest decline in over a month, closing at a record low.
As a major net importer of energy, India remains highly exposed to higher oil prices, which risk widening its current account deficit, slowing economic growth and fuelling inflation.
In the UAE, Modi is expected to meet President Sheikh Mohammed bin Zayed Al Nahyan to discuss bilateral relations, with a particular focus on energy cooperation, alongside wider regional and international developments of mutual concern.
The European leg of the tour is aimed at strengthening trade and investment ties, building on momentum from a recently concluded India–EU trade agreement.
The U.S. imposed fresh Iran sanctions as President Donald Trump called Tehran’s peace response a “stupid proposal” and warned the...
The hantavirus-hit MV Hondius has departed Tenerife bound for the Netherlands after the final six passengers and some crew left the ship. In Spain,...
British pop star Dua Lipa has filed a lawsuit against South Korean tech giant Samsung Electronics, seeking at least $...
Hopes for a peace deal on Iran faded on Tuesday after Donald Trump said a ceasefire with&nb...
Brazilian activist Thiago Avila returned to Brazil late Monday (11 May) after being deported from Israel. He&nb...
The U.S. imposed fresh Iran sanctions as President Donald Trump called Tehran’s peace response a “stupid proposal” and warned the ceasefire was on “massive life support”. Meanwhile, the Wall Streeet Journal reported the United Arab Emirates carried out covert strikes on Iran in April.
The hantavirus-hit MV Hondius has departed Tenerife bound for the Netherlands after the final six passengers and some crew left the ship. In Spain, one passenger in Madrid has tested positive, while 13 others in quarantine tested negative, the Health Ministry said.
British pop star Dua Lipa has filed a lawsuit against South Korean tech giant Samsung Electronics, seeking at least $15 million in damages over allegations that her image was used without permission to promote television sets.
Hopes for a peace deal on Iran faded on Tuesday after Donald Trump said a ceasefire with Iran was "on life support" as Tehran rejected a U.S. proposal to end the conflict and stuck to a list of demands the U.S. president described as "garbage".
Australia confirmed it will repatriate citizens from the MV Hondius cruise ship hit by a deadly hantavirus outbreak, with quarantine on arrival. Spain, France are evacuating nationals as three deaths are confirmed. In the U.S., two passengers have been isolated after testing positive for the virus.
U.S. President Donald Trump on Monday dismissed Iran’s response to a U.S. peace proposal as a “stupid proposal,” saying Tehran failed to commit to abandoning its pursuit of a nuclear weapon, while warning the fragile ceasefire was on “massive life support”.
Metropolitan Shio of Senaki and Chkhorotsku has been elected the 142nd head of the Georgian Orthodox Church at a meeting of clergy in Tbilisi following the death of longtime Patriarch Ilia II.
The U.S. imposed fresh Iran sanctions as President Donald Trump called Tehran’s peace response a “stupid proposal” and warned the ceasefire was on “massive life support”. Meanwhile, the Wall Streeet Journal reported the United Arab Emirates carried out covert strikes on Iran in April.
Afghanistan has signed a five-year gold mining contract with Afghan and Azerbaijani companies in a deal worth more than $20m, the Ministry of Mines and Petroleum has said.
Brazilian activist Thiago Avila returned to Brazil late Monday (11 May) after being deported from Israel. He alleges he was tortured and mistreated during 10 days in detention following the interception of a pro-Palestinian aid flotilla attempting to reach Gaza.
After years of limited engagement, relations between Syria and the European Union are drawing renewed diplomatic attention as both sides explore cooperation on migration, security and regional stability..
The man accused of attempting to assassinate U.S. President Donald Trump during a White House gala last month pleaded not guilty to all charges in federal court on Monday.
French President Emmanuel Macron opened France’s first-ever business summit in an English-speaking African nation on Monday (11 May), as Paris seeks to strengthen ties across the continent following a decline in influence in several former French colonies.
UK Prime Minister Keir Starmer will attempt a political fightback on Monday (11 May) with a speech promising closer ties with the European Union after Labour suffered heavy local election losses and growing calls for his resignation.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment