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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 Emirates national oil company, ENOC, is shunning Iranian oil in favour of Qatari crude
February 5th, 2013 - 12:15 GMT

Emirates oil company shuns Iran in favour of Qatar

Egypt is set to finalise an economic plan to secure a $4.8 billion IMF loan next week
February 5th, 2013 - 11:32 GMT

Egypt to finalise economic plan next week

Standard and Poors, which downgraded Egypt's economic outlook recently, is facing legal action in the US over the subprime financial crisis
February 5th, 2013 - 10:51 GMT

No friend of Egypt's economy: S&P versus US in mortgage ratings trial

The hostage crisis in Algeria could see Maghreb economies diversifying away from hydrocarbons
February 5th, 2013 - 09:32 GMT

Algerian gas installation attack could see economies diversifying

Egypt's decision to raise the ost of using the Suez Canal could see ships diverted away from the trade route
February 5th, 2013 - 07:31 GMT

Suez Canal price hike could cause a storm in port

The World Bank stressed yesterday its commitment to ensuring Yemen gets all pledged funds from a recent donor meeting
February 5th, 2013 - 06:29 GMT

World Bank pledges support for Yemen funding

Tunisia is nearing agreement with the International Monetary Fund for a $1.78 billion standby loan.
February 5th, 2013 - 06:09 GMT

Tunisia negotiating with IMF over $1.78 billion loan

The Kuwait Fund for Arab Economic Development has offered Lebanon a $85 million loan for electricity development
February 5th, 2013 - 05:58 GMT

Kuwait grants $85 million loan for electricity projects

Egypt’s Salafist Nour Party is pushing for an increasing in the national minimum wage
February 5th, 2013 - 04:00 GMT

Egypt’s Salafist Nour Party pushes for better minimum wage

Fuel subsidies in Egypt cost the government  $30 million daily, according to the Minister of Petroleum
February 4th, 2013 - 12:41 GMT

Oil subsidies in cost Egypt $30 million a day

Despite defaulting on an Islamic bond last year, Dana Gas, has posted a 20 per cent rise in profits
February 4th, 2013 - 12:06 GMT

Dana Gas posts profits despite default

Iran's former Central Bank boss is thought to have been arrested on suspicion of money laundering
February 4th, 2013 - 11:35 GMT

Iran's former central bank chief arrested on suspicion of money laundering

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