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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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Rental prices in Dubai are continuing to grow but but at a slower rate, according to new research
January 22nd, 2013 - 12:49 GMT

Rents in Dubai to be as high as the Burj Khalifa

Etihad looks set to finalize a deal to takeover India's Jet Airways
January 22nd, 2013 - 12:15 GMT

Eithad looks set to seal the deal with India's Jet Airways

The Central Bank of Egypt is to allow banks to refinance imports by providing temporary foreign currency facilities
January 22nd, 2013 - 11:54 GMT

Egypt's Central Bank to allow foreign currency facilities for importers

Rakbank is set to launch new Islamic finance products
January 22nd, 2013 - 11:02 GMT

Islamic finance industry growing as Rakbank launches more products

The Amman Criminal Court has heard evidence in relation to the case against former chairman of the Jordan Phosphate Mines Company (JPMC) Walid Kurdi.
January 22nd, 2013 - 10:28 GMT

Phosphate corruption case continues in Jordan

A tourist stands on a Lebanese beach.
January 22nd, 2013 - 09:51 GMT

Plenty of room at the inn: Bargain Lebanon holidays fail to draw in the crowds

The government in Syria has increased the cost of fuel and other commodities as the economy continues to suffer
January 22nd, 2013 - 09:30 GMT

Syrian government raises petrol, wheat and flour prices

Hotel occupancy in Bahrain increased by an overall 7 per cent in 2012, new figures show
January 22nd, 2013 - 07:36 GMT

Bahrain's hotel occupancy increases

The D8 group of nations, including Egypt and Iran, is  meeting in Tehran and is due to set up a joint investment fund
January 22nd, 2013 - 06:42 GMT

"D-8" group to establish joint investment fund

Egyptian President Mohammed Morsi has urged great Arab economic integration
January 22nd, 2013 - 04:00 GMT

Morsi calls for greater Arab economic intergration

Baghdad has threatened Kurdistan with legal action over oil exports from the semi-autonomous northern region
January 21st, 2013 - 01:14 GMT

Iraq threatens legal action over Kurdistan oil

The UAE's Central Bank governor has said new mortgage rules are not "imminent"
January 21st, 2013 - 12:05 GMT

New UAE mortgage rules "not imminent" : Central Bank Governor

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