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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 initial public offering by the NCB, which was hoping to raise $6 billion, is one of the largest in the world this year and the biggest in the kingdom's history.
November 4th, 2014 - 05:29 GMT

Sixteen times oversubscribed: Saudi Arabia's 'mother of all IPO's' comes to an end

Kufpec Chief Executive Officer Nawaf Saud Al-Nasir said in a statement Saturday the deal came “as a result of the recently enacted energy reform in Mexico.
November 4th, 2014 - 05:08 GMT

(Un)expected diversification: Kuwaiti company invests in Mexico's energy sector

Between 1980 and 2013, Saudi Arabia’s life expectancy at birth increased by 12.5 years
November 4th, 2014 - 04:55 GMT

A qualitative leap? Saudi Arabia education rating goes higher than global average

UAE firms saw output growth accelerate to an all-time high, with the subindex coming in at 66.1, up from 63.2 in September.
November 4th, 2014 - 02:05 GMT

Happy National Day, indeed! UAE business activity at all-time high

Non-Jordanian investors registered 4,263 buying transactions, 2,899 for apartments and 1,364 for lands.
November 4th, 2014 - 01:57 GMT

Fueled by Syrian 'refugees'? Jordan's real estate activity 'unabated'


Gold failed to find support from the physical markets in top consuming region Asia.
November 4th, 2014 - 01:37 GMT

Gold and silver lose their shine, near four-year low

Al Bawaba
November 4th, 2014 - 05:55 GMT

Oil prices take another hit

"The method of privatisation will be determined with the advisor," one of the banking sources told Reuters.
November 4th, 2014 - 04:55 GMT

Turkey revives plans to privatize major roads, bridges

There were 51,753 Saudis who visited Egypt in August - an increase of 254.3 percent compared with August 2013.
November 3rd, 2014 - 06:55 GMT

Back, after being told 'they're missed': Gulf tourists to Egypt increase 91%

Credit cards represent only 20% of total financial transactions, while payment upon delivery occupies the lion’s share of total online purchases.
November 3rd, 2014 - 05:55 GMT

A blessing in disguise? Only 7% of Egyptians have bank accounts

Development of the part jointly owned with the Saudis has been frozen for a year, according to Al-Rai.
November 3rd, 2014 - 05:55 GMT

First oil, now gas: Kuwait, Saudi Arabia in new conflict over energy

Al Bawaba
November 2nd, 2014 - 10:34 GMT

Mission 'regional hub' accomplished? Jordan sees highest airport traffic, ever

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