Sunil Vaswani tops list of rich Indians in the Gulf region

executive@coastaldigest.com (PTI)
February 10, 2015

Dubai, Feb 10: A Dubai-based Indian businessman, whose company's networth is USD 7.2 billion, has topped the Indian rich list for 2015 in the Gulf region.

Sunil Vaswani

Sunil Vaswani is the chairman of Stallion Group, a Nigeria based multinational conglomerate operating in 18 countries, including the UAE.

The second position in Arabian Business GCC Indian Rich List has been bagged by last year's top-placed entry, IFFCO's FerozAllana, who's net worth is USD 4.5 billion.

Altogether, 11 billionaires make this year's list, with the total wealth of the Gulf's 50 richest Indians valued at just over USD 50 billion.

RP Group's Dr Ravi Pillai bagged the third place, with USD 3.6 billion. BR Shetty, founder of NMC Healthcare, bagged the fourth position.

The fifth position was secured by LuLu International managing director Yusuffali MA, whose company is worth USD 3.21 billion.

Real estate mogul Ashok Uttamchandi is the last-placed entry on this year's list, with USD 240 million, Arabian Business said on its website.

The members of GCC are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE.

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Media Release
March 5,2025

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New Delhi: Former U.S. President Donald Trump has announced plans to develop a state-of-the-art missile defense system called the ‘Golden Dome’, inspired by Israel’s ‘Iron Dome.’ Addressing a joint session of Congress, Trump declared his intention to build “the most powerful military of the future” and pledged funding for a comprehensive missile shield to protect the U.S. homeland.

A Modern Take on Reagan’s Vision

Trump claimed that former President Ronald Reagan had envisioned a similar system decades ago but lacked the technology to bring it to life. The initiative he referred to was the Strategic Defense Initiative (SDI) of the 1980s, which aimed to intercept intercontinental ballistic missiles (ICBMs) but was eventually abandoned following the collapse of the Soviet Union.

How Will the ‘Golden Dome’ Work?

The U.S. already has several missile defense systems in place. Trump’s ‘Golden Dome’ would likely integrate existing technologies, including:

🔹 Space-Based Infrared System (SBIRS) – Satellites that provide early missile launch warnings.

🔹 Ground-Based Midcourse Defense (GMD) – Interceptors in Alaska and California designed to shoot down ICBMs.

🔹 Aegis Ballistic Missile Defense (BMD) – A naval-based system for intercepting short- to intermediate-range missiles.

🔹 Terminal High Altitude Area Defense (THAAD) – A mobile system to destroy medium- and intermediate-range missiles.

🔹 Patriot Advanced Capability-3 (PAC-3) – Interceptor missiles designed to counter Chinese hypersonic threats.

Comparing with Israel’s ‘Iron Dome’

Israel’s multi-layered missile defense includes:

✅ Iron Dome – Protects against short-range rockets.
✅ David’s Sling – Targets mid- to long-range missiles.
✅ Arrow-2 and Arrow-3 – Designed to intercept long-range ballistic missiles.

With the U.S. contributing over $3.7 billion toward Israel’s Arrow defense system, Trump’s ‘Golden Dome’ could follow a similar model but on a much larger scale.

While the feasibility and timeline of this ambitious project remain unclear, Trump's announcement signals a renewed push for advanced missile defense in an increasingly volatile world.

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News Network
March 1,2025

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After a dramatic confrontation between former US President Donald Trump and Ukrainian President Volodymyr Zelensky at the White House, Russian officials and state media expressed satisfaction, viewing the exchange as a major political shift.

Following the heated meeting, which ended with Zelensky abruptly leaving, Russian Foreign Ministry spokeswoman Maria Zakharova praised Trump's "restraint" for not physically assaulting the Ukrainian leader. "I think Zelensky's biggest lie was his claim that Kyiv was alone in 2022 without support," Zakharova wrote on Telegram. She further added, "How Trump and Vance held back from hitting that scumbag is a miracle of restraint," criticizing Zelensky for "biting the hand that feeds him."

Dmitry Medvedev, Russia's Security Council deputy head and former president, issued the most scathing remarks, calling Zelensky an "insolent pig" who had received "a proper slap down in the Oval Office." Medvedev declared, "For the first time, Trump told the cocaine clown the truth: the Kyiv regime is playing with World War III. And the ungrateful pig got a strong slap on the wrist from his masters. This is useful but not enough—we must stop military aid to the Nazi machine."

Kirill Dmitriev, head of the Russian Direct Investment Fund and a key Russian-American negotiator, described the exchange as "historic" and suggested it reflected a shift in US foreign policy. Meanwhile, Yevgeny Primakov, head of Russia's Agency for International Humanitarian Cooperation, accused Zelensky of attempting to provoke violence in response to the confrontation. "The Kyiv regime thrives on bloody provocations," Primakov wrote on Telegram, speculating that Ukraine might stage an attack to blame Russia and regain Western sympathy.

Russian state media amplified these sentiments, with RT posting on X (formerly Twitter): "Zelensky sits with hands between legs as US President and VP hammer him."

While European leaders expressed support for Zelensky, Hungarian Prime Minister Viktor Orban, a long-time Putin ally, sided with Trump. Orban praised the former US president’s stance, writing on X: "Strong men make peace, weak men make war." He commended Trump for "bravely standing for peace, even if it was difficult for many to digest."

The Oval Office clash highlighted growing tensions between Washington and Kyiv over Trump’s push for a ceasefire in the ongoing Russia-Ukraine war. During the meeting, Trump accused Zelensky of being "disrespectful" and warned, "You have no right to dictate how we should feel. You are gambling with World War III."

Trump further cautioned, "I have empowered you to be a tough guy. You either make a deal, or we're out. You don't have the cards." Vice President J.D. Vance also rebuked Zelensky, saying he had never acknowledged the extensive US aid provided to Kyiv.

The confrontation, witnessed by reporters, resulted in the abrupt cancellation of a scheduled press conference. Trump later criticized Zelensky on Truth Social, calling him "disrespectful" and unwilling to negotiate peace.

Before the meeting, Kremlin spokesman Dmitry Peskov reiterated Russia’s willingness to engage in diplomatic talks with the US, emphasizing the importance of mutual respect. "We seek dialogue not only with the US but with all nations, based on mutual respect and benefit," Peskov stated, dismissing the notion that diplomacy should be dictated solely by strength, a criticism often directed at Trump’s foreign policy approach.

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Agencies
March 5,2025

In a sharp retort to US President Donald Trump's reciprocal tariffs charge, the Chinese embassy in the US said Beijing is ready to "fight till the end" in any type of war the US wants. "If war is what the US wants, be it a tariff war, a trade war or any other type of war, we're ready to fight till the end," the Chinese embassy's official handle posted on X after Trump's explosive remarks in a joint session at Congress.

Trump said other countries have used tariffs against the US for decades. "Now it's our turn to start using them against those other countries. On average, the European Union, China, Brazil, India, Mexico and Canada. Have you heard of them? And countless other nations charge us tremendously higher tariffs than we charge them. It's very unfair. India charges us auto tariffs higher than 100%. China's average tariff on our products is twice what we charge them. And South Korea's average tariff is four times higher," he said.

"This is happening by friend and foe. This system is not fair to the United States and never was... That's reciprocal back and forth. Whatever they tax us, we will tax them," he said.

Trump has increased previously imposed 10 per cent levies on Chinese goods to 20 per cent. China has filed a complaint with the World Trade Organization against the US.

"The United States' unilateral tax measures seriously violate WTO rules and undermine the foundation of China-US economic and trade cooperation," Beijing's commerce ministry said in a statement.

While imposing the tariffs, Trump accused China of not doing enough to halt the trafficking of fentanyl and other highly potent opioids into the US.

The Chinese Foreign Ministry has contested this. "The fentanyl issue is a flimsy excuse to raise US tariffs on Chinese imports. The US, not anyone else, is responsible for the #FentanylCrisis inside the US. In the spirit of humanity and goodwill towards the American people, we have taken robust steps to assist the US in dealing with the issue. Instead of recognizing our efforts, the US has sought to smear and shift blame to China, and is seeking to pressure and blackmail China with tariff hikes," it said in a statement.

"They've been PUNISHING us for helping them. This is not going to solve the US's problem and will undermine our counternarcotics dialogue and cooperation. Intimidation does not scare us. Bullying does not work on us. Pressuring, coercion or threats are not the right way of dealing with China. Anyone using maximum pressure on China is picking the wrong guy and miscalculating. If the US truly wants to solve the fentanyl issue, then the right thing to do is to consult with China by treating each other as equals," it added.

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