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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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Lowered interest rates could be a good sign for Yemen's economy, experts say
February 14th, 2013 - 10:58 GMT

Experts point to decreased interest rates as sign of 'green shoots' for Yemen's economy

Lebanon's Prime Minister, Najib Mikati, will send proposed pay rises for public sector workers to parliament next week
February 14th, 2013 - 10:33 GMT

Lebanon's PM to put public sector pay rises to parliament next week

Egypt's economy needs $100 billion to recover, according to Amr Moussa, head of the Conference Party
February 14th, 2013 - 08:50 GMT

Egypt economy needs billions to recover - Amr Moussa

Plans to allow foreign ownership of businesses in the UAE has hit the rocks after a government plan was rejected
February 14th, 2013 - 08:40 GMT

UAE foreign ownership plan hits the rocks

Monthly revenue from Egypt's Suez Canal declined in January, with experts blaming political violence in port cities
February 14th, 2013 - 04:00 GMT

Suez Canal revenue drops due to political violence

Flydubai posted its first full year profits today is also looking at expanding its fleet
February 13th, 2013 - 12:55 GMT

Flydubai taking off: Airline posts profit and mulls expansion

Oman launched a new system to promote safety in the oil and gas industry yesterday
February 13th, 2013 - 12:36 GMT

New safety practices for oil industry in Oman

The Islamic Development Bank signed off on financing packages totalling $450 million
February 13th, 2013 - 12:01 GMT

IDB signs off funding packages

Bahrain's economy is forecast to grow by more than six per cent this year, according to experts.
February 13th, 2013 - 11:47 GMT

Bahrain's economy set to grow 6 per cent

Oil output in Iran dropped dramatically in 2012 due to sanctions, according to the IEA.
February 13th, 2013 - 11:02 GMT

Sanctions hit Iranian oil exports - IEA

Bahrain Air ceased all operations filed for voluntary liquidation in a surprise move last night. [File photo]
February 13th, 2013 - 09:37 GMT

Bahrain Air grounded

Libya's Brega terminal  has its first export of LPG yesterday, according to a statement from the National Oil Company
February 13th, 2013 - 09:08 GMT

Libya announces first LPG export since revolutions

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