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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 Kuwait Foreign Petroleum Exploration Company (Kufpec) has chosen the banks to finance a loan $750 million loan agreement, according to reports
February 17th, 2013 - 11:22 GMT

Kuwaiti oil firm chooses banks for loans

Inflation in Saudi Arabia is creeping up, new statistics show
February 17th, 2013 - 11:09 GMT

Inflation in Saudi Arabia creeping up

Facebook revealed it was the target of a sophisticated malware attack, but insisted users data remained secure
February 17th, 2013 - 10:51 GMT

Facebook and FBI team-up to hunt down hackers

The Egyptian Youtube ban may not be possible, according to the country's telecoms authority
February 17th, 2013 - 10:35 GMT

No Youtube ban for Egypt - Telecoms authority

Lebanon's Prime Minister, Najob Mikati, averted strike action by referring potential pay increase to parliament early
February 17th, 2013 - 09:55 GMT

Lebanon's PM averts strike action

Egypt has had returned around $174 million is cash and assets after it reached a reconciliation deal with Mubarak-era figures
February 17th, 2013 - 09:21 GMT

Egypt reaches reconciliation deal with Mubarak-era figures

German oil firm Wintershall has said it will remain in Libya, as it struggle to increase production
February 17th, 2013 - 08:58 GMT

German oil firm to remain in Libya

Beirut has received one of two power-generating ships in an effort to stop power cuts
February 17th, 2013 - 07:45 GMT

Power ship arrives in Lebanon

Egypt’s unemployment rate saw a slight rise of 0.5 percent quarter on quarter in Q4 of 2012, new figures show
February 17th, 2013 - 03:35 GMT

Unemployment creeping up in Egypt

Bakeries in Lebanon are threatening to go on strike, saying they need increased flour to deal with more Syrian refugees
February 14th, 2013 - 11:57 GMT

Let them eat bread: Bakeries threaten strike in Lebanon

Egypt is ready to take delivery of a further 20 F-16 fighter jets from the US
February 14th, 2013 - 11:42 GMT

Egypt ready to take delivery of US fighter jets

Tourism in Tunisia is taking a hit after the assassination of opposition leader Chokri Belaid
February 14th, 2013 - 11:29 GMT

Tourism taking a hit in Tunisia

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