GCC Current Affairs - 2020

India – Bahrain discussed on Bilateral Cooperation in Financial Sector

India’s new Ambassador to Bahrain, Piyush Srivastava and Bahrain’s Minister of Finance and National Economy Shaikh Salman bin Khalifa Al Khalifa hold meeting on October 4, 2020 and discussed bilateral cooperation between the two Nations.  They discussed several ways to strengthen India-Bahrain cooperation in the financial and business sectors. Both the countries reviewed the economic Read More…

Saudi Arabia becomes 1st Arab country to get full FATF membership

Saudi Arabia has become 1st Arab country to be granted full membership of Financial Action Task Force (FATF) following FATF’s Annual General Meeting held in Orlando, Florida in United States (US). Saudi Arabia and FATF Background: Since November 2004, Saudi Arabia has been a founding member of Middle East and North Africa (MENA) arm of Read More…

India to add 3 Million Tech Jobs by 2023: ISF

According to Indian Staffing Federation’s (ISF) Tech Employment Projections, the Indian tech industry will add another three million new jobs in next 5 years. Key Highlights With the addition of 3 million new jobs in next 5 years, the size of country’s tech army will reach seven million by 2023. Job Areas: All these new Read More…

World Bank’s Migration and Development Brief

As per the report of the World Bank’s Migration and Development Brief, India has retained its position as the world’s top recipient of remittances (money sent back home by its nationals working abroad) in 2018. World Bank Report on Remittances Indian diaspora has sent $79 billion (approximately Rs 5.5 lakh crore) home. The Remittances grew Read More…

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Gulf Shield 1 military exercise of 23 countries held in Saudi Arabia

The Gulf Shield – 1 military exercise of 23 countries including Gulf Cooperation Council (GCC) member states was held in Eastern Region of Saudi Arabia. It was organised by Ministry of Defence of Saudi Arabia. The one month exercise was largest military drill in region as it saw participation of participation of ground, naval and Read More…