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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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Gulf markets felt the sting of an OPEC decision last Thursday to maintain export quotas
November 30th, 2014 - 09:29 GMT

Dependency's ugly side: Egypt's stocks falter as Gulf markets slide

The price of Brent crude has tumbled about 10 percent to $70.15 per barrel since regional equity markets last traded on Thursday.
November 30th, 2014 - 01:05 GMT

The domino effect? Panic selling in Gulf markets over plunging oil prices

The UK’s Sunday Times newspaper said that it has submitted previously unpublished material providing further details of the allegations to a House of Commons committee.
November 30th, 2014 - 12:59 GMT

It's never over: fresh World Cup allegations arise against Qatar, Russia

Oil analysts said the OPEC decision left the oil market vulnerable to much bigger falls as abundant supply of high quality,
November 30th, 2014 - 05:55 GMT

Oil prices take another nosedive after OPEC's dubious decision

Sabban also stated that oil prices would never cross $100 again. “It will be a thing of the past.”
November 30th, 2014 - 04:55 GMT

Yeah, right: $45 oil would be 'ideal' price for Saudi budget

Ramez downplayed any negative impact on the foreign currency reserves after paying back the Qatari deposit,.
November 30th, 2014 - 04:55 GMT

A national priority? Egypt pays Qatar back $2.5 billion

Terminating the third tranche will save the Treasury around JD70 million as the government allocated JD210 million in direct cash compensation for fuel this year.
November 30th, 2014 - 04:55 GMT

Seizing the moment: Jordan cancels third tranche of fuel compensation after oil price collapse

Al Bawaba
November 27th, 2014 - 11:23 GMT

700 bridges in Egypt on the verge of collapse

Al Bawaba
November 27th, 2014 - 11:16 GMT

A shift from the 'crackdown' rhetoric? Saudi Arabia to allow expats to extend their residency

Many banks in the region have fallen back on fees and charges as a way of offsetting pressure on the profitability of lending,
November 27th, 2014 - 05:04 GMT

How gracious! HSBC voluntarily refunds ME customers 'excessive' fees

"The power of convincing will prevail tomorrow... I am confident that OPEC is capable of taking a very unified position," Naimi said
November 27th, 2014 - 12:30 GMT

A consensus to fight over market share: OPEC heads towards no ouput cut

Al Bawaba
November 27th, 2014 - 11:33 GMT

More like the 'big bang' mall? Kuwait's Mabanee to splurge $910 million on fourth phase of Avenues Mall

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