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Massive Gains for Iran from India as tension rases
April 4th, 2026 - 08:35 GMT
Osama Ali

Osama Ali

Massive Gains for Iran from India as tension rases

ALBAWABA - As the continuous turmoil in the Middle East interrupts energy supply channels and puts pressure on international markets, India has started importing Iranian crude oil for the first time since 2019. India's Ministry of Petroleum claims that in order to counteract interruptions caused by instability in the Strait of Hormuz, Indian refineries have obtained crude supplies from a variety of sources, including Iran. The action follows years of ...
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The former head of defunct New York law firm Dewey & LeBoeuf has become the top legal adviser to the government of Ras al Khaimah, according to an internal government memo.
January 1st, 2014 - 05:12 GMT

Fresh with mismangement charges, ex-head of bankrupt US law firm becomes a UAE top legal advisor

In the latest instance of a Silicon Valley tech company being drawn into the shadowy activities of the National Security Agency, Apple (AAPL) on Tuesday denied any involvement in the spy agency's alleged efforts to hack into and monitor iPhones.
January 1st, 2014 - 03:37 GMT

Apple denies any cooperation with NSA in hacking people's iPhones

2013 was a year of gains for GCC stocks. (Image credit: Shutterstock)
January 1st, 2014 - 08:08 GMT

Gulf stocks show strong momentum heading into 2014

Abu Dhabi is building the region's first Green Road to Dubai in 2014 (File Archive)
January 1st, 2014 - 06:00 GMT

2014 to be year of "green" construction in UAE

Egypt's annual inflation rate increased to 12.9 percent in November (File Archive)
January 1st, 2014 - 05:00 GMT

What Egypt's 9 percent pound value plummet in 2013 means for 2014

The airline received 24 new aircraft in 2013 as well ordered 200 new planes including 150 Boeing 777Xs and 50 A380s valued at $99 billion (Dh363.57 billion) at the Dubai Airshow in November
January 1st, 2014 - 03:55 GMT

Around the world 18,000 times over: Emirates airlines makes record voyages in 2013

Saudi Arabia’s oil exports hit 2.66 billion barrels in 2013.
December 31st, 2013 - 06:48 GMT

An upcoming trend or an exception? Only 2014 will tell. Saudi Arabia's oil exports hit $50 billion in 2013

The world’s second busiest international hub recorded another month of high growth in November by handling 9.5 per cent more passengers to cross six million passenger mark, says a report issued by Dubai Airports.
December 31st, 2013 - 06:23 GMT

Slam dunk! Dubai ends the year with another economic milestone, surpassing even its own projections

“And, with low inflation pressures, there is still some downside risk for gold as long as the stock market remain relatively robust.”
December 31st, 2013 - 05:16 GMT

Gold prices celebrate the new year with biggest annual loss in 32 years

Tentative plans for the terminal at Ras Al Hadd Airport in Oman (Courtesy of Construction Week Online)
December 31st, 2013 - 11:50 GMT

High-flying? Not so much in Oman after airport construction plans cancelled

Jaguar unveiled its C-X17 Sports Crossover Concept at the Dubai International Motor Show 2013 (Courtesy of Automobiles Review)
December 31st, 2013 - 11:00 GMT

Forget 2014! Get ready for 2015 Jaguar production premier in Middle East

Dubai's 2014 Shopping Festival will run until Feb. 2 (Courtesy of Dubai Shopping Festival 2014)
December 31st, 2013 - 09:42 GMT

Get your wallet ready! Dubai's 19th Shopping Festival starts Thursday

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