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Indian businesses eye GCC partnerships in renewables, health, tourism

Special Aseem R. Mahajan (C), joint secretary for the Gulf at the Ministry of External Affairs, speaks during a business dialogue organized by the Federation of Indian Chambers of Commerce and Industry in New Delhi on Aug. 27, 2024. (FICCI)
Aseem R. Mahajan (C), joint secretary for the Gulf at the Ministry of External Affairs, speaks during a business dialogue organized by the Federation of Indian Chambers of Commerce and Industry in New Delhi on Aug. 27, 2024. (FICCI)
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Updated 27 August 2024

Indian businesses eye GCC partnerships in renewables, health, tourism

Aseem R. Mahajan (C), joint secretary for the Gulf at the Ministry of External Affairs, speaks during a business dialogue.
  • India’s top business body is hopeful for India-GCC free trade pact
  • Gulf region has emerged as hub for innovation, Indian envoy says

NEW DELHI: India’s top business stakeholders discussed on Tuesday the future of economic and commercial engagements with Gulf Cooperation Council countries amid growing opportunities in sectors such as infrastructure, renewable energy, health and tourism.

The GCC is India’s largest bloc trading partner, with trade valued at $162 billion in the 2023-24 fiscal year, up about four percent from the previous year. In 2023, Gulf nations also contributed about $3.7 billion in foreign direct investment to the South Asian country.

India-GCC ties are also growing in other areas, with 8.8 million Indian nationals living and working in the region forming a bulk of its workforce and millions of travelers from India becoming a growing target market for the Gulf’s tourism sector.

In an initiative organized by India’s top business body, the Federation of Indian Chambers of Commerce and Industry, the country’s officials and businesses gathered on Tuesday to explore cooperation opportunities with the GCC in new sectors.

“Sovereign wealth funds in GCC countries are looking at investment opportunities in India,” Aseem R. Mahajan, joint secretary for the Gulf at the Ministry of External Affairs, said during the event.

“We are looking at many diverse areas. Infrastructure, hydrocarbons, renewable energy, food processing, technology, health, hospitality, tourism; many of these areas have potential where industry can build fruitful joint ventures and partnerships.”

Each of the Gulf countries also offer their particular opportunities, Indian ambassadors in the Gulf said.

Ƶ’s Vision 2030 transformation project “will open up opportunities in various sectors,” said Dr. Suhel Ajaz Khan, Indian ambassador to the Kingdom. This includes construction, mining, renewable energy, automobiles and tourism.

GCC countries have also emerged as an important hub for innovation, Indian Ambassador to the UAE Sunjay Sudhir said.

“With countries like the UAE and Ƶ leading … the future holds immense potential for deeper cooperation in emerging sectors such as AI, health care and space technology,” he said.

The discussions on Tuesday were also aimed at helping Indian businesses identify potential opportunities in the Gulf region.

“We will get into the nuts and bolts, and that is what is important in this. And it will enable us to enlarge our area of activity, look at new investments and the new avenues which will open up for us,” P.S. Jayaraman, chairman, TCI Sanmar Chemicals SAE, told Arab News on the sidelines of the event.

“This is going to be in the best interest of the Indian industries.”

As FICCI works with its counterparts in GCC countries to further encourage trade and investments, it is hopeful that new agreements and initiatives could boost existing ties between India and the bloc.

“Looking ahead, pursuing a free trade agreement between India and the GCC holds immense promise for both regions. Such an agreement would facilitate smoother trade and investment flows, further integrating our economies,” said Adeeb Ahamed, chair of FICCI’s Middle East Council.

“Additionally, initiatives like the India-Middle East-Europe Economic Corridor represent significant opportunities for enhanced connectivity and economic cooperation, and I am hopeful that they will soon become a reality.”


France poised to finally get new government

France poised to finally get new government
Updated 24 sec ago

France poised to finally get new government

France poised to finally get new government
PARIS: France’s new premier said he hoped to finalize a long-awaited government “before Sunday,” as President Emmanuel Macron weighed a line-up that marks a shift to the right, with left-wingers due to protest on Saturday.
The full line-up, which includes fresh faces in almost all key posts, is due after “final fine-tuning,” Prime Minister Michel Barnier’s office said, after two-and-a-half months of deadlock created by inconclusive legislative elections.
While there appeared to be no major surprises or big-name entrants into the cabinet, there are set to be new foreign, economy and interior ministers, with only the defense minister remaining unchanged among the key offices of state.
Barnier is proposing Europe Minister Jean-Noel Barrot as foreign minister, a source close to Macron’s political faction told AFP, asking not to be named.
The move would be a major promotion for the 41-year-old, whose slick media appearances have impressed observers, but boosting France’s presence on the international stage could pose a challenge.
Bruno Retailleau, who heads the faction of the right-wing The Republicans (LR) in France’s upper house Senate, is to take on the interior ministry, according to several sources who spoke to AFP.
Landing the interior ministry, which oversees the police and domestic security, would be seen as a major success for the right.
And another meteoric rise will likely see Antoine Armand, the 33-year-old head of parliament’s economic affairs commission, installed as economy minister.
One key person said to be staying on is Defense Minister Sebastien Lecornu, who is believed to enjoy a close and trusting relationship with Macron.
Barnier was at the Elysee Palace late Thursday to discuss the nominations with Macron.
Macron could seek to veto Barnier’s proposals but doing so would cause immense tensions with his premier at this stage.
Sources added that names still need to be vetted to ensure they have no conflicts of interest before entering government, as is customary.
But Macron “will not censor any name,” said a source close to him who asked not to be named.
Among the more junior positions, a last-minute controversy arose over the proposed appointment of LR senator Laurence Garnier as family minister.
Macron’s centrist allies strongly protested her nomination to the family brief, with Garnier having opposed both gay marriage and the inscription of the right to abortion in the constitution.
There had been tensions between centrist Macron and Barnier, who comes from the LR, over the balance of the government, notably at a lunch earlier this week that reports said was far from cordial.
Le Monde daily said that Barnier had even raised the possibility of resigning just days into the job. The tensions were then resolved on Thursday.
Politics in France has been deadlocked since the June-July snap legislative elections left it with a hung parliament.
Barnier, the European Union’s former top Brexit negotiator and a right-winger, was appointed earlier this month by Macron in an attempt to breach the impasse.
Key posts were vacant, with Finance Minister Bruno Le Maire stepping down after occupying his post since Macron came to power in 2017, and Foreign Minister Stephane Sejourne tapped by Macron to be France’s new EU commissioner.
However, there seems to be no place in the cabinet for the ambitious Gerald Darmanin, interior minister since 2020, who has reportedly long coveted the job of foreign minister.
The 73-year-old Barnier has already faced a raft of challenges since taking office.
He warned on Wednesday that France’s budgetary situation, which has seen Paris placed on a formal procedure for violating EU budgetary rules, was “very serious.”
Macron had hoped to reassert his relative majority in parliament by calling for the elections in late June and early July, but the plan backfired.
A left-wing alliance, which nabbed the most seats in the lower house National Assembly but does not have a working majority, is outraged at the prospect of a right-wing government.
The hard-left France Unbowed party (LFI) and allies are due to join demonstrations on Saturday organized in several cities by student, environmental and feminist groups against Macron and Barnier.
The LFI hopes to “increase popular pressure,” leading party figure Mathilde Panot said, after more than 100,000 left-wing demonstrators protested Barnier’s nomination and Macron’s “power grab” in early September.
Macron’s centrist faction came out as the second largest bloc in the elections.
The far right is third, but the anti-immigration National Rally emerged from the election as the single largest party.

Polls close in first Sri Lanka election since economic collapse

An election official transports a sealed ballot box at the end of voting in Sri Lanka’s presidential election in Colombo.
An election official transports a sealed ballot box at the end of voting in Sri Lanka’s presidential election in Colombo.
Updated 26 min 36 sec ago

Polls close in first Sri Lanka election since economic collapse

An election official transports a sealed ballot box at the end of voting in Sri Lanka’s presidential election in Colombo.
  • Turnout was at nearly 70 percent an hour before polling stations closed at 4:00 p.m. (1030 GMT)
  • President Ranil Wickremesinghe is fighting an uphill battle for a fresh mandate to continue belt-tightening measures that stabilized the economy

COLOMBO: Cash-strapped Sri Lanka voted for its next president Saturday in an effective referendum on an unpopular International Monetary Fund austerity plan enacted after the island nation’s unprecedented financial crisis.
Turnout was at nearly 70 percent an hour before polling stations closed at 4:00 p.m. (1030 GMT), an election commission official said, citing provisional figures.
The record for voter turnout in a Sri Lankan presidential election was set in 2019 with 83.72 percent.
President Ranil Wickremesinghe is fighting an uphill battle for a fresh mandate to continue belt-tightening measures that stabilized the economy and ended months of food, fuel and medicine shortages.
His two years in office restored calm to the streets after civil unrest spurred by the downturn in 2022 saw thousands storm the compound of his predecessor, who promptly fled the country.
“I’ve taken this country out of bankruptcy,” Wickremesinghe, 75, said after casting his ballot.
“I will now deliver Sri Lanka a developed economy, developed social system and developed political system.”
But Wickremesinghe’s tax hikes and other measures, imposed under the terms of a $2.9 billion IMF bailout, have left millions struggling to make ends meet.
“The country has been through a lot,” lawyer and musician Soundarie David Rodrigo told AFP after casting her vote in Colombo.
“So I just don’t want to see another upheaval coming soon.”
Wickremesinghe is tipped to lose to one of two formidable challengers. One is Anura Kumara Dissanayaka, the leader of a once-marginal Marxist party tarnished by its violent past.
The party led two failed uprisings in the 1970s and 1980s that left more than 80,000 people dead, and it won less than four percent of the vote in the previous parliamentary elections.
But Sri Lanka’s crisis has proven an opportunity for the 55-year-old Dissanayaka, who has seen a surge of support based on his pledge to change the island’s “corrupt” political culture.
He said at a polling station he was confident of securing the top job.
“After the victory there should be no clashes, no violence,” he said. “Our country needs a new political culture.”
Fellow opposition leader Sajith Premadasa, 57, the son of a former president assassinated in 1993 during the country’s decades-long civil war, is also expected to make a strong showing.
Premadasa has vowed to fight endemic corruption, and both he and Dissanayaka have pledged to renegotiate the terms of the IMF rescue package.
Political analyst Kusal Perera told AFP it was difficult to predict a winner from the three-way race — the first in the island’s history.
“What is clear is that no candidate will surpass the 50 percent mark” needed to win outright, he said.
Officials would then carry out a count of second- and third-preference votes to determine the winner.
More than 17 million people were eligible to vote in the election, with more than 63,000 police deployed to guard polling booths and counting centers in schools and temples.
The government also banned the sale of liquor over the weekend and said no victory rallies or celebrations would be permitted until a week after the results were announced.
“This election would go down in the history of the country as the most peaceful,” election commission chair R.M.A.L. Ratnayake told reporters in Colombo.
Counting began on Saturday evening and a result is expected on Sunday, but an official outcome could be delayed if the contest is close.
Schools were closed on Friday to be converted into polling stations, which were staffed by more than 200,000 public servants deployed to conduct the vote.
Economic issues dominated the eight-week campaign, with public anger widespread over the hardships endured since the peak of the crisis two years ago.
Official data showed that Sri Lanka’s poverty rate doubled to 25 percent between 2021 and 2022, adding more than 2.5 million people to those already living on less than $3.65 a day.
Experts warn that Sri Lanka’s economy is still vulnerable, with payments on the island’s $46 billion foreign debt yet to resume since a 2022 government default.
The IMF said reforms enacted by Wickremesinghe’s government were beginning to pay off, with growth slowly returning.
“A lot of progress has been made,” the IMF’s Julie Kozack told reporters in Washington last week.
“But the country is not out of the woods yet.”
Voter Rodrigo agreed.
“We have a lot of challenges ahead so good luck to whoever comes,” she told AFP.


Lawyers of women alleging Al-Fayed sex abuse receive over 150 new enquiries

Mohammed Al-Fayed speaks to media at Fulham’s Craven Cottage ground in London on August 3, 2010. (File/AFP)
Mohammed Al-Fayed speaks to media at Fulham’s Craven Cottage ground in London on August 3, 2010. (File/AFP)
Updated 53 min 16 sec ago

Lawyers of women alleging Al-Fayed sex abuse receive over 150 new enquiries

Mohammed Al-Fayed speaks to media at Fulham’s Craven Cottage ground in London on August 3, 2010. (File/AFP)
  • BBC released a documentary and podcast on Thursday in which Fayed is accused by multiple women who worked at the London luxury department store of sexual assault

LONDON: A legal team representing women alleging rape and sexual assault by the late Egyptian billionaire Mohamed Al-Fayed said on Saturday it received over 150 new enquiries, including from women accusing the former Harrods owner.
The BBC released a documentary and podcast on Thursday in which Fayed is accused by multiple women who worked at the London luxury department store of sexual assault, including five accusing him of rape.
The new enquiries included a “mix of survivors and individuals with evidence” about Fayed, the legal team confirmed to AFP, after announcing it was representing 37 women accusing Fayed of sex abuse.
Comparing the scale and nature of the case to claims made against fallen figures like Jeffrey Epstein and Harvey Weinstein, lawyers said the allegations included some girls who were just 15 and 16 at the time of the alleged assault.
The team is bringing claims against Harrods for enabling the “systematic abuse” of its employees, many hired as Fayed’s personal assistants and secretaries, over a period of 25 years.
The accusers say assaults took place at Fayed’s apartments in London, residences in Paris, and on trips abroad from Saint-Tropez to Abu Dhabi.
The upmarket department store, which Fayed sold in 2010, said it was “utterly appalled” by the allegations and had received new enquiries as well since the BBC investigation.
The Harrods website now has a form that victims can complete, adding that it had an “established process” for those affected to claim compensation.
The legal team also said it was representing women who were employed by the Ritz hotel — which was also owned by the mogul.
A former manager of the women’s team at Fulham FC, also owned by Fayed until 2013, said the players were “protected” from Fayed.
“We were aware he liked young, blonde girls. So we just made sure that situations couldn’t occur,” Gaute Haugenes, who managed the team from 2001 to 2003, told the BBC on Saturday.
A Fulham FC spokesperson said the club was “deeply troubled and concerned.”
“We are in the process of establishing whether anyone at the club is or has been affected,” the spokesperson added.


Protesting doctors return to duty after long strike over rape-murder of Kolkata medic

Protesting doctors return to duty after long strike over rape-murder of Kolkata medic
Updated 21 September 2024

Protesting doctors return to duty after long strike over rape-murder of Kolkata medic

Protesting doctors return to duty after long strike over rape-murder of Kolkata medic
  • West Bengal government dismisses the city’s police chief and top state health ministry officials
  • Investigators arrested ex-college principal, police officer on charges of tampering with evidence

NEW DELHI: Protesting junior doctors in the eastern Indian state of West Bengal returned to duty on Saturday to provide emergency services to flood victims, as they partially withdrew from a month-long strike over the rape and murder of a female colleague in Kolkata.
The 31-year-old trainee doctor was brutally raped and murdered on Aug. 9 at a state-run hospital in West Bengal’s capital, where she worked.
The murder has triggered daily protests across India, especially in Kolkata, where thousands of young medics called for safer working conditions.
They continued their protest despite the Supreme Court ordering them last week to return to work, and said they would only follow if their demands for justice for the victim and better safety measures in hospitals were met.
“The strike is partially over. We have partially joined the duty, the emergency duty. We have only started, not the regular duties, because our demands have been partially fulfilled,” Dr. Anustup Mukherjee, member of the West Bengal Junior Doctors’ Front, which represents some 7,000 physicians in the state, told Arab News.
Heeding to the doctors’ demands, West Bengal Chief Minister Mamata Banerjee sacked on Tuesday Kolkata’s police chief and two top health ministry officials. But the demands for accountability for the murder and better security remain to be met.
“The demand for justice is still to be fulfilled, the demand for the eradication of the threat culture is yet to be fulfilled, even in the security and safety security issues, infrastructural issues are only partially fulfilled,” Mukherjee said, adding that the state’s administration told them it had ordered CCTVs, panic buttons and would arrange separate restrooms and bathrooms for on-duty doctors.
“We have got confirmation from the State Secretariat that our infrastructural demands for safety and security will be fulfilled ... But we are waiting.”
The doctors’ strike was lifted only at hospitals due to the ongoing floods in the state.
“We thought that a large number of people were suffering due to the flood, so we thought that ... a humanitarian decision should be taken,” Mukherjee said.
Dr. Ashfaqullah Naya, also a member of the West Bengal Junior Doctors’ Front, told Arab News that the protest was not over.
“This partial withdrawal is also because there is a flood in some parts of the state. But the protests in medical colleges will continue. We are just doing essential services, not the regular services,” he said.
As the probe into the gruesome murder has been moved from Kolkata Police to India’s federal Central Bureau of Investigation, doctors were waiting for all the perpetrators to be caught.
One man has been charged with the murder and was arrested last month, but following an autopsy, doctors assessing the report suggested the victim might have been subject to gang rape.
“The culprits should be caught,” Naya said. “Some of the culprits are roaming free.”
Last week, the CBI arrested the former principal of the college where the murder took place and a local police officer on charges of mishandling and tampering with key evidence in the case, and misleading the investigation team.


Doctors return to duty after strike over rape and murder of Kolkata medic

Junior doctors carry India’s national flag and hold placards during a protest to demand accountability over the rape of medic.
Junior doctors carry India’s national flag and hold placards during a protest to demand accountability over the rape of medic.
Updated 21 September 2024

Doctors return to duty after strike over rape and murder of Kolkata medic

Junior doctors carry India’s national flag and hold placards during a protest to demand accountability over the rape of medic.
  • West Bengal government dismisses city’s police chief and top state health ministry officials
  • Investigators arrested ex-college principal, police officer on charges of tampering with evidence

NEW DELHI: Protesting junior doctors in the eastern Indian state of West Bengal returned to duty on Saturday to provide emergency services to flood victims, following a month-long strike over the killing of a female colleague in Kolkata.

The 31-year-old trainee doctor was raped and murdered on Aug. 9 at the state-run RG Kar Medical College and Hospital in West Bengal’s capital, where she worked.

The crime triggered protests across India, especially in Kolkata, where thousands of young medics took to the streets to demand safer working conditions.

Their protests continued despite the Supreme Court ordering them to return to work last week, saying they would only do so if their demands for justice for the victim and better safety measures in hospitals were met. The doctors’ strike was lifted only at hospitals due to the current flooding.

“The strike is partially over. We thought that a large number of people were suffering due to the flood, so we thought that ... a humanitarian decision should be taken. We have partially joined the duty — the emergency duty, not the regular duties, because our demands have only been partially met,” Dr. Anustup Mukherjee, member of the West Bengal Junior Doctors’ Front, which represents some 7,000 physicians in the state, told Arab News on Saturday.

Heeding the doctors’ demands, West Bengal Chief Minister Mamata Banerjee sacked Kolkata’s police chief and two top health ministry officials on Tuesday. But demands for accountability for the murder and better security remain to be met.

“The demand for justice is still to be fulfilled, the demand for the eradication of the threat culture is yet to be fulfilled, even (when it comes to) the security and safety issues, infrastructural issues are only partially fulfilled,” Mukherjee said, adding that the state’s administration told them it had ordered CCTVs and panic buttons and would arrange separate restrooms and bathrooms for on-duty doctors.

“We have got confirmation from the State Secretariat that our infrastructural demands for safety and security will be fulfilled ... But we are waiting,” Mukherjee said.

Dr. Ashfaqullah Naya, also a member of the West Bengal Junior Doctors’ Front, told Arab News that the protest was not over.

“This partial withdrawal is also because (of the flooding). But the protests in medical colleges will continue. We are just doing essential services, not the regular services,” he said.

As the probe into the murder has been moved from Kolkata Police to India’s federal Central Bureau of Investigation, doctors were waiting for the perpetrators to be caught.

One man has been charged with the murder and was arrested last month, but following an autopsy, doctors assessing the report suggested the victim might have been subject to gang rape.

“The culprits should be caught,” Naya said. “Some of them are roaming free.”

Last week, the CBI arrested the former principal of the medical college where the murder took place and a local police officer on charges of mishandling and tampering with key evidence in the case, and misleading investigators.