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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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Eygpt's foreign reserves have risen to $15.5 billion, helped by Qatari support, according the the country's finance minister
January 31st, 2013 - 08:21 GMT

Egypt's foreign reserves only boosted by Qatar

Egypt's finance minister has said  negotiations over a $4.8 billion IMF loan are currently on a government review and 'social dialogue'.
January 31st, 2013 - 03:57 GMT

IMF negotiations on track in Egypt

Egypt has its sovereign rating cut owing to political instability
January 30th, 2013 - 07:36 GMT

Ratings agency downgrades Egypt

Money from the Gulf has gone toward providing medical services to Syrian refugees.
January 30th, 2013 - 10:53 GMT

Syrian crisis: UAE, Kuwait pledge $300m each to help Syrians

The barracks was originally built in the 1860s to house British troops.
January 30th, 2013 - 10:20 GMT

Qatar puts biggest investment in London on hold as UK economy stalls

Dubai FDI targets to attract, grow and retain foreign direct investment.
January 30th, 2013 - 09:41 GMT

Dubai FDI partners with Musthafa & Almana to enhance outreach in India

The resignation comes amid a management shake-up aimed at improving the company’s performance.
January 30th, 2013 - 09:33 GMT

Saudi’s National Commercial Bank CEO resigns

Marwan Hayek, CEO of Alfa. (Image courtesy of Alfa)
January 30th, 2013 - 09:09 GMT

Lebanon extends Alfa, touch contracts

Jordan is set to sell bonds for the first time in two years.
January 30th, 2013 - 09:02 GMT

As foreign aid halved, Jordan looks to bond market for rescue

Mehr news reported on Tuesday that BP had been dumping byproducts in the sea.
January 30th, 2013 - 08:44 GMT

Iran threatens to sue BP over Azeri spill

A rising energy bill does not bode well for the Kingdom, which has seen protests over fuel price increases in recent months.
January 30th, 2013 - 08:13 GMT

Fuel for the fire? Jordan's energy bill rises by a quarter since last year

The main EGX30 index fell 2.01 per cent to sit at 5,495 points. Its gains since the beginning of the year dropped to just 0.6 per cent.
January 30th, 2013 - 05:29 GMT

Exodus of foreign investors drives Egypt stocks down

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