Business

Beijing, Apr 6 (PTI) China and the US flexed their naval might by deploying aircraft carriers in a rare showdown in the Taiwan Strait, as Beijing on Thursday fumed over US House Speaker Kevin McCarthy's high-profile meeting with Taiwanese President Tsai Ing-wen.

The Taiwanese defence ministry said a Chinese naval fleet led by the Shandong aircraft carrier passed through the Bashi Channel - which runs between the self-ruled island and the Philippines - before reaching waters southeast of Taiwan.

Washington, Apr 6 (PTI) The IMF chief on Thursday said that the world economy is expected to grow at less than 3 per cent this year, with China and India expected to account for half of global growth in 2023.

International Monetary Fund (IMF) managing director Kristalina Georgieva warned that a sharp slowdown in the world economy last year following the raging pandemic and Russia's military invasion of Ukraine would continue this year.

06 Apr 2023; MEMO: An Omani IT professional has developed an indigenous social media platform modelled on Twitter, called Sufred.

Participants in the quadripartite meeting held at the level of deputy foreign ministers of Turkiye, Russia, Iran and Syria have agreed to continue consultations regarding Syria, Anadolu news agency reported.

The agency quoted diplomatic sources as saying that Moscow hosted the meeting on Monday and Tuesday.

05 Apr 2023; MEMO: In line with its ambitions to diversify its economy away from oil and to become a video gaming powerhouse, Saudi Arabia will be investing $38 billion in the local online gaming industry in Riyadh.

04 Apr 2023; MEMO: The Middle East's sports industry is expected to grow by 8.7 per cent by 2026 – compared with global sector growth of 3.3 per cent over the same period, the World Economic Forum report says.

According to the report, from the excitement on the Formula 1 race circuits of Bahrain, Saudi Arabia, Qatar and Abu Dhabi to Portuguese footballer Cristiano Ronaldo's signing to Saudi Arabia's Al-Nassr FC, the Middle East's sports industry is making headlines across the globe.

04 Apr 2023; MEMO: Iran has appointed an ambassador to the United Arab Emirates for the first time in eight years, Iranian state media reported on Tuesday, Reuters reports.

Reza Ameri, the newly appointed Ambassador, formerly served as the Director-General of Iranian expatriates office in the Foreign Ministry.

New Delhi/Washington, Apr 4 (PTI) The World Bank and the Asian Development Bank on Tuesday projected moderation in the Indian economic growth between 6.3 per cent and 6.4 per cent due to a slowdown in consumption and challenging external conditions.

The World Bank in its latest 'India Development Update' (IDU) slashed the GDP forecast to 6.3 per cent against the earlier estimate of 6.6 per cent in 2023-24 (FY24).

04 Apr 2023; MEMO: Israeli intelligence and security agencies along with political leaders are worried about Syria's rapprochement with Arab states, Maan news agency reported yesterday.

The condemns, Maan reported Israeli media saying, stem from concerns about the fading hope to form an Israeli-Arab alliance against Iran.

04 Apr 2023; MEMO: Iranian President Ebrahim Raisi has accepted Saudi monarch King Salman Bin Abdulaziz Al Saud's invitation to visit the kingdom, Iran's Mehr news agency reported yesterday, quoting a top official.

"Saudi Arabia's King Salman Bin Abdulaziz Al Saud has invited President Ebrahim Raisi to visit Riyadh and his invitation was accepted" Iranian First Vice President Mohammad Mokhber said yesterday.