Business

New Delhi, Apr 17 (PTI) External Affairs Minister S Jaishankar on Monday called for urgently addressing India's trade imbalance with Russia even as he described the partnership between the two countries as among the steadiest of major relationships globally.

In presence of Russian Deputy Prime Minister Denis Manturov, Jaishankar said at an event that finding a solution to the imbalance really means addressing the impediments such as market access issues, non-tariff barriers and those relating to payments or logistics.

New Delhi, Apr 17 (PTI) The dispute panel of the World Trade Organisation (WTO) on Monday said the import duties imposed by India on certain informational and technology products violates global trading norms, a decision which New Delhi will challenge at the appellate body of the Geneva-based multilateral organisation.

The ruling followed a dispute filed by the European Union, Japan and Taiwan against these duties in the WTO.

17 Apr 2023; MEMO: The Tunisian Foreign Ministry yesterday announced that the visit of the Syrian foreign minister to Tunisia comes within the framework of restoring bilateral relations to their ordinary course.

17 Apr 2023; MEMO: Qatar Airways announced the suspension of its flights to Sudan due to the closure of Khartoum International Airport, Qatar News Agency said on Sunday, Reuters reports.

According to the report, the move followed the closure of the Khartoum International Airport due to the clashes in the country.

17 Apr 2023; MEMO: Iran has officially invited Saudi Arabia's King to visit the country, an Iranian Foreign Ministry spokesperson said on Monday, after the two regional rivals agreed to end years of hostility following a China-brokered agreement in March, Reuters reports.

17 Apr 2023; MEMO: Palestinian President, Mahmoud Abbas, arrived in Saudi Arabia on Monday for talks with Saudi officials, Anadolu News Agency reports.

The Palestinian leader was welcomed upon his arrival in Jeddah by the governor of Mecca, Prince Badr bin Sultan bin Abdulaziz Al-Saud.

According to state news agency, Wafa, Abbas will meet with Crown Prince Mohammed bin Salman on Tuesday to discuss Palestinian and regional developments.

16 Apr 2023; MEMO: The Gulf Cooperation Council (GCC) and foreign ministers of Arab states have concluded that a political solution is the only way to end the conflict and crisis in Syria, holding off from allowing the Syrian regime of Bashar al-Assad back into the fold of the Arab League.

16 Apr 2023; MEMO: Senior US officials met with Saudi Arabia's Crown Prince Mohammed bin Salman this week, signalling an improvement in recent strained relations between Washington and Riyadh.

16 Apr 2023; MEMO: A senior delegation representing the Palestinian Islamic Resistance Movement – Hamas – is to visit Saudi Arabia today after years of declining relations, according to Arabic media reports.

Islamabad, Apr 14 (PTI) Pakistan's Finance Minister Ishaq Dar on Friday announced that the UAE has approved USD 1 billion in financial support, taking the cash-strapped nation a step closer to unlocking the crucial IMF bailout.

Pakistan is tackling a major economic crisis as it awaits a much-needed USD 1.1 billion tranche of funding from the Washington-based International Monetary Fund, part of a USD 6.5 billion bailout package the IMF approved in 2019.