Dubai crisis affects over 2 Lakh Indian workers

More on Ummid: International l National l Regional l Politics l Sports l Religion l History l Culture l Education




In Bangalore, people most willing to pay bribe
Better make Hyderabad a union territory, say Andhra ministers
'Misra Report on minorities reservation will be placed in Parliament'
'Decision to establish Islamic Banking dangerous for India'
New computer model could lead to safer, individualized stents
Bhopal Tablighi Ijtema concludes, seeks world peace blessings
AMU invaluable intellectual treasure of India: Rahul

	SP blasts Congress, BJP over Babri Demolition: The Rajya Sabha today witnessed a heated debate on the Liberhan Commission report with the Samajwadi...... Read Full Liberhan Commission: Painful wait for Justice BJP fully responsible for Babri mosque demolition: Chidambaram
Minaret message to Muslims in Europe: The Swiss people have voted: They do not want minarets in their landscape. The first reaction from the European..... Read Full Misra Report on minorities reservation will be placed in Parliament: PM


Chidambaram’s ‘Hindu Terrorist’ remark in RS irks BJP: Indulging in hate campaign against Indian Muslims for years while taking political mileage out of the dirty propaganda.... Read Full	Liberhan report, demolition anniversary, but Ayodhya calm: The Liberhan Commission report might be creating ripples in the corridors of power in New Delhi. And preparations for the 17th anniversary of the demolition.... Read Full
Only Muslim lady in Maharashtra cabinet at work to bring surprising turnaround: Mrs. Fauzia Khan is the first Muslim lady who took the oath as a minister in Maharashtra Government.... Read Full	Listen To The Muslim Woman’s Voice: India’s largest minority population lives in poverty and socio-economic exclusion even after 62 years of Independence....Read Full

More on ummid
Ishrat Killing: SC stays further proceedings in Gujarat HC: The Supreme Court (SC) on Monday stayed all further proceedings in the Ishrat Jahan case in the Gujarat High .... Read Full	Celebrating Bakra Eid in Mumbai: In the city of Mumbai, where Muslims number about 3 million, in a total Metropolitan population of 13.6 million, the difficulties that Muslim face in carrying.... Read Full
Book Review Reformist Voices of Islam—Mediating Islam and Modernity: ‘Reformist Islam’, today an oft-heard slogan, is notoriously difficult to define, for it can mean different ....Read Full	Film Review Shifting Prophecy: Countering the stereotypical image of Muslim women as silent victims of patriarchy, the award-winning film ‘Shifting Prophecy’ highlights..... Read Full
*Role of Vajpayee in Babri Masjid demolition: civilised mukhauta* of uncivil Sangh:** Mr Atal Behari Vajpayee, the civilised mukhauta (mask) of the uncivil Sangh, has always had his way.... Read Full	A Vision for Muslim Empowerment: Having served for several years as the amir of the Jamaat-e Islami’s Kerala wing, Siddiq Hasan was appointed as the head of the Social Service.... Read Full

Dubai crisis affects over 2 Lakh Indian workers

Tuesday, December 08, 2009 10:25:54 AM, Siliconindia News Bureau

Recession 'forcing girls into work': The global economic crisis could force more girls out of education and into child labour, experts have warned as World Day Against Child Labour is marked globally..... Read Full

Hyderabad: The Associated Chambers of Commerce and Industry of India (Assocham) said that over two lakh Indian workers, mainly those working in real estate and construction business, in the Gulf state are likely to be affected by the recent Dubai Crisis.

While releasing a paper on Indo-Gulf Business Opportunities, former President of the Assocham Anil K Agarwal said that impact of the Dubai crisis would adversely affect the Indians working in real estate and construction sector in the wake of debt problem in the industry there.

He was confident that the other Emirates states would come forward to support the Dubai crisis to bail them out, Agarwal said adding that the "the impact is only for the time being."

Agarwal said that a high-powered Assocham delegation will be visiting some of the Gulf countries including Kuwait, Saudi Arabia and United Arab Emirates in the next two months as the Gulf countries had shown interest on investments in the Special Economic Zones in India.

Agarwal said that the total FDI flow from Gulf Cooperation Council (GCC) into India was around $17 billion during the last fiscal.

The paper has projected that Indo-Gulf Trade by 2012 can reach to the extent of $100 billion with the signing of Free Trade Agreement between India and GCC, reports PTI.

During 2007-08 Indo-Gulf trade was estimated at $67 billion, Agarwal added.

Home | Top of the Page

Comment on this article

Name:
E-mail Address:
Write here...

Ummid Business: Advertise with us | Careers | Link Exchange

Ummid.com is part of Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and condition mentioned.