FOOD PRICES MONITORING UAE
West Asia crisis poses risks to India's trade and macroeconomic stability: NITI Aayog report
Geopolitical tensions in West Asia are impacting India's trade and economy. NITI Aayog reports these tensions widen the current account deficit and pressure the exchange rate. The India-Gulf Cooperation Council Free Trade Agreement is also slowed. Despite challenges, India's merchandise and services trade show resilience.
West Asia conflict: Over 11 lakh passengers travel back to India
Mahajan said that flights continue to operate from the region to India from countries where airspace is open. "Since February 28th, around 11,30,000 passengers have travelled from the region to India. Airlines continue to operate limited commercial flights based on operational and safety considerations between the UAE and India. Around 110 flights are expected to operate from the UAE to India today."
UAE asks US for a wartime financial lifeline as Iran conflict drags: Report
The United Arab Emirates is in discussions with the United States regarding a potential financial backstop. This measure is being considered in anticipation of a deepening crisis stemming from the Iran war. UAE Central Bank Governor raised the possibility of a currency-swap line with US Treasury officials.
Pakistan to repay USD 1.5 billion outstanding UAE debt by April 23
Pakistan's central bank plans to settle a USD 1.5 billion loan with the United Arab Emirates by April 23. This move follows a USD 2 billion repayment to the UAE, supported by a USD 2 billion deposit from Saudi Arabia. The country anticipates a USD 1.2 billion disbursement from the International Monetary Fund.
ITC bets big on protein-rich foods, eyes fast-growing health segment market
ITC Ltd is expanding its presence in the protein food segment as part of its health and wellness strategy. The company is introducing unique, affordable protein-focused products across various categories, leveraging consumer insights and innovation. ITC aims to democratize protein products, making them accessible to a wider consumer base and driving future growth.
- Go To Page 1
Drug regulator oversight sought for nutraceuticals; NGO flags quality, pricing concerns
A Gujarat NGO is pushing the government to regulate nutraceuticals like medicines. They cite concerns about product quality and unregulated prices. The NGO wants these health supplements to be overseen by drug regulators, not food safety authorities. This move aims to ensure better standards and fair pricing for consumers across India.
Dubai announces resumption of school bus operations from April 20
School bus services will resume across the UAE on Monday, April 20, 2026. The Ministry of Education confirmed the decision applies to all public and private schools. This follows assessments by the National Emergency and Crisis Management Authority. Services were temporarily suspended due to adverse weather conditions. The move ensures the continuity of education and student safety.
India's consumer discretionary firms set for strong growth, demand recovery in Q4: Report
Consumer discretionary companies anticipate robust revenue and earnings growth in the March quarter of FY26. Demand is recovering across various segments, with jewellery leading the charge. Apparel and paints sectors also show improvement. Margins are set to expand gradually. Valuations are moderating, presenting a reasonable risk-reward ratio for investors.
UAE envoy to India flags 2,890 strikes on civilian infra since Feb 28, says 4 million Indian expats integral to nation
The UAE ambassador has reported 2,890 missile and drone attacks. He called these unprovoked strikes and urged stronger international action. The UAE faced these attacks despite not being a direct party to the conflict. These incidents threatened regional stability. UAE air defence systems intercepted most incoming threats. International bodies have called for accountability and reparations.
Mangoes, bananas, papayas under watch: FSSAI crackdown begins over illegal 'masala' use for ripening; What India’s top food regulator is warning
Food Safety and Standards Authority of India has issued a fresh directive to states to intensify action against the illegal use of artificial fruit ripening agents, especially banning calcium carbide for fruits like mangoes, bananas, and papayas due to serious health risks. The authority reiterated that unsafe practices, including misuse of chemicals like ethephon, will face strict enforcement, with increased inspections across markets and storage facilities. FSSAI emphasised that only regulated use of ethylene gas is permitted, while warning that violations could lead to prosecution, signalling a strong nationwide crackdown to ensure safer fruits for consumers.
AgriTech could add $90 billion to Southeast Asia’s GDP by 2033: Report
While investments have seen a recent decline due to structural challenges, opportunities abound in digital value chains, AgriFinTech, deep technology, and sustainable food brands, with aquaculture also presenting a major growth area.
Labour-intensive sectors see steep fall in exports in March
The fiscal year 2026 brought a mixed bag for India's exports. On one hand, engineering goods, electronics, and pharmaceuticals excelled, driving growth. On the flip side, textiles and gems were hampered by market fluctuations. Disruptions in West Asia's trade routes complicated logistics, affecting shipments significantly. Interestingly, electronics imports surged, crossing the $100 billion threshold.
How El Nino-driven weaker monsoon rains could impact India
The monsoon outlook for India in 2026 paints a worrying picture, with an anticipated El Niño likely to disrupt normal rainfall patterns. This scenario threatens to diminish crop production and necessitate greater imports of essential commodities, such as edible oils. Moreover, diminished rainfall could strain the power sector, necessitating governmental response.
Iran war: HUL hikes prices of Dove, Pears, Surf, Red Label
Hindustan Unilever Limited has increased prices for its soap products. This move is a response to escalating costs of raw materials and packaging. The price hikes, ranging from Re 1 to Rs 20, are being passed on to consumers. This development could potentially delay a much-needed revival in consumer demand. FMCG companies were hoping for a boost from GST cuts.
UAE universities to reopen for in-person classes from April 20
UAE universities will resume in-person learning from April 20, 2026, after completing campus readiness and safety measures. The move aligns with the reopening of schools and nurseries. Authorities said some private institutions may continue hybrid learning if needed. Universities have been asked to follow regulations and stay prepared to shift modes, ensuring continuity amid evolving regional conditions.
Massive repatriation effort: Nearly 1 million Indians return from West Asia amid regional turmoil
India has facilitated the return of about 9,84,000 citizens from West Asia since February 28 amid airspace disruptions. The MEA said missions are operating round the clock, coordinating flights and providing consular support. Limited flight services continue across the region. Special assistance has been given to students and fishermen, while authorities remain on alert due to evolving security conditions.
Senior UAE, Iran officials discuss de-escalation in rare call
UAE Vice President and Deputy Premier Sheikh Mansour bin Zayed Al Nahyan "held a phone call with Mohammad Bagher Ghalibaf, Speaker of the Parliament of the Islamic Republic of Iran, during which they discussed regional developments and ways to de-escalate tensions in the region", according to a statement released by the WAM news agency.
For a few billion dollars, Pakistan has landed in dire straits
Pakistan is facing big economic stress after the UAE has demanded repayment of a multibillion-dollar deposit. This has strained the country's thin foreign exchange reserves. Rising oil prices and limited financing options have added to the pressure. Pakistan is seeking new funding sources, including international bonds and bilateral aid.
West Asia conflict: India's soybean meal exports fall 63%
India’s soybean meal exports dropped nearly 63% to 60,000 tonnes in March, hit by high domestic prices and disruptions from the West Asia conflict, according to Soybean Processors Association of India. Shipments to key markets like Iran and the UAE were affected. However, domestic demand stayed strong, with consumption rising to six lakh tonnes, supported by the animal feed industry.
iD Fresh eyes Rs 2,500-cr revenue in 4 years, says India CEO
iD Fresh Food is embarking on an ambitious journey to expand its business, setting sights on achieving an impressive Rs 2,500 crore in revenue over the next four years. With the backing of PremjiInvest, the ready-to-cook brand is poised to capitalize on rising consumer demand.
India Inc pulls back a bit from Gulf as cracks widen across operations
Indian consumer companies are scaling back West Asian operations due to steep losses and a fivefold surge in container costs amid the US-Israel-Iran war. Expansion plans are on hold as some businesses see up to a 40% decline, with mass consumers leaving the region.
Food, fuel prices push up March retail inflation to 3.4%
India's retail inflation climbed to 3.4 percent in March. Higher food and fuel costs are driving this increase. Experts predict inflation could reach 4 percent in April. This is due to ongoing global conflicts impacting energy prices. The Reserve Bank of India is closely watching these trends. Policymakers anticipate a pause in interest rate cuts.
Will US naval blockade on Iranian ports successful in ending already-fragile ceasefire? Global oil, Strait of Hormuz, Donald Trump, Iran tensions explained
Will US naval blockade on Iranian ports successful in ending already-fragile ceasefire? The United States has launched a naval blockade targeting ships linked to Iranian ports after failed talks. Warships are near the Gulf of Oman and the Strait of Hormuz. Iran has issued warnings. Oil prices, shipping, and global trade face pressure. This explainer covers the blockade, ceasefire risks, oil supply impact, diplomacy, and global reactions.
Indian Ocean must prepare for turbulent world, deepen cooperation: EAM outlines 5 priorities at 9th IOC
India's External Affairs Minister S. Jaishankar has presented five key priorities for Indian Ocean nations. He stressed the need for regional cooperation amid rising global uncertainty. The minister highlighted the importance of the ocean as an ecosystem and called for overcoming colonial barriers. He also discussed global trends like increased competition and the emergence of choke points in various domains.
Government plans weekly system to track EXIM trends
The govt will establish a system to monitor export-import trends and industry stress weekly. This comes as global tensions and rising costs threaten domestic businesses. The commerce ministry is working to streamline procedures for cargo handling. Discussions focused on challenges faced by exporters, including packaging material costs and shipping disruptions. Industries like apparel, leather, and medical devices are particularly vulnerable.
India reiterates support to GCC on supply chain, food security
India has reaffirmed its commitment to assist the Gulf Cooperation Council with food supply chain issues. Commerce Minister Piyush Goyal held virtual discussions with GCC leaders. The focus was on strengthening logistics and exploring alternative trade routes. India also expressed hope for an enduring ceasefire in the region, crucial for its energy security.
West Asia crisis: Piyush Goyal meets Kuwait, UAE to restore trade, energy flows
India's Commerce Minister Piyush Goyal met with leaders from Kuwait and the UAE. Discussions focused on restoring trade and energy supplies disrupted by recent events. India offered assistance to Kuwait for food security. Both sides emphasized dialogue and diplomacy. Efforts are underway to ensure smooth trade flows and continuity of essential supplies.
Iran-Israel war: UAE plans to introduce tourism package as travel and aviation sectors face challenges
The United Arab Emirates is launching a new support package for its tourism sector. This comes as regional tensions impact travel and aviation. Dubai has already introduced a one billion dirham relief fund. This allows hotels and tourism businesses to defer government fees for three months. The government is also monitoring prices and supply chains to ensure economic stability.
Load More
