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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 Cabinet added one paragraph stating that the bidder had the right to have one or more companies
February 7th, 2013 - 08:44 GMT

Lebanon opens oil fields to exploration

Kurdistan is a cash-rich region and will capitalise on that to develop its market, attracting bigger investment
February 7th, 2013 - 08:31 GMT

Gulf mission to Iraq seeks to boost trade in ‘cash-rich’ Kurdistan

The Central Bank of Egypt announced that Egypt's total foreign reserves had dropped by $1.4 billion in January.
February 6th, 2013 - 01:25 GMT

Egypt's foreign reserves enough for 3 months of imports — Minister

Youth unemployment in the region is the highest globally at 23.2 percent.
February 6th, 2013 - 01:08 GMT

Youth unemployment in Arab region is highest in the world: International Labour Organization

It wants to replace the system with targeted subsidies, which would see only the most deserving members of society qualify for cheaper goods.
February 6th, 2013 - 12:59 GMT

Bahrain set to slash government spending on subsidies

Gas prices in Lebanon are continuing to rise, new figures show
February 6th, 2013 - 11:30 GMT

Gas prices in Lebanon keep on rising

Workers at Egypt's Ain Sokhna port are taking industrial action demanding employment contracts with port managers
February 6th, 2013 - 10:08 GMT

Workers on strike at Egypt's Ain Sokhna port

Saudi Arabia’s King Abdullah bin Abdulaziz Al Saud, replaced the head of the Capital Market Authority (CMA) yesterday
February 6th, 2013 - 09:45 GMT

Saudi King replaces CMA boss

According to an industry executive, returns on Qatari railway investment could top $38 billion
February 6th, 2013 - 09:32 GMT

Returns could be big on Qatari railways

A German fund is to help Lebanese SMEs in an effort to boost the economy
February 6th, 2013 - 08:44 GMT

Lebanon’s SMEs to benefit from $20 million from German fund

Egypt's Central Bank revealed yesterday that net foreign reserves fell by $1.4 billion in January
February 6th, 2013 - 04:00 GMT

Egypt's foreign reserves drop dramatically

Air Arabia carried record numbers of passengers last year
February 5th, 2013 - 01:06 GMT

Air Arabia passenger numbers taking off

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