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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 Egyptian pound continued to slide again on  Tuesday, as former finance minister claims the currency controls are  "temporary"
January 15th, 2013 - 01:06 GMT

Egyptian pound slides again as former minister claims currency controls are temporary

Jordan's CPI rate of inflation increased by 4.8 per cent in 2012, new statistics show
January 15th, 2013 - 12:48 GMT

Inflation in Jordan continues to grow

Bahrain is set to spend $180 million in 2013 on basic food subsidies
January 15th, 2013 - 12:11 GMT

Bahrain food subsidies to cost $ 180 million

Tunisian PM Hamadi Jebali has urged Arab leaders to support Palestine financially during its "difficult financial stage"
January 15th, 2013 - 11:05 GMT

Tunisia presses other Arab leaders to support Palestine financially

Saudi Arabia is to build almost 13000 homes across the Kingdom, funded by loans  worth SR5 billion ($1.333 billion)
January 15th, 2013 - 10:39 GMT

Saudi Arabi to build almost 13000 new homes

Al Bawaba
January 15th, 2013 - 10:01 GMT

UAE warning over visa amnesty

The Islamic Development Bank has signed agreements topping $388 million with Egypt
January 15th, 2013 - 09:29 GMT

Loans from Islamic Development Bank to boost Egyptian economy

Jordan's PM Ensour has ordered a review of all privatisation deals in the Kingdom since 1989, under the King's directive
January 15th, 2013 - 08:47 GMT

Jordan to review all privatisation deals since 1989

Egyptian stocks responded well to the possibility of reconciliation of Mubarak-era financial corruption
January 15th, 2013 - 04:00 GMT

Egyptian stocks respond well to talk of possible "reconciliation"

Former deputy governor of Egypt's Central Bank has resigned as head of the NAtional Bank of Egypt for undisclosed reasons
January 14th, 2013 - 01:03 GMT

Head of Egypt's largest bank resigns

Kuwait has revealed a budget surplus of $52 billion, in the first eight months of the fiscal year, buoyed by oil revenues
January 14th, 2013 - 12:14 GMT

Kuwait’s reveals budget surplus of $52 billion

Oil tankers are stuck at the Iraqi-Jordan border, which has recently seen protest against Iraq's Prime Minister
January 14th, 2013 - 12:00 GMT

Oil tankers stuck at Iraqi-Jordanian border

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