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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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During the meeting, Hollande and Alwaleed discussed political, economic and cultural matters.
October 27th, 2014 - 05:15 GMT

Business in the Elyséé Palace: Al-Waleed bin Talal, Hollande and CEOs meet over momentous Saudi-French investments

The report said the reserves had increased by $15.7 billion in the first six months of the year.
October 27th, 2014 - 02:09 GMT

Kuwait reserves for future generations hit $598 billion

Al Bawaba
October 27th, 2014 - 04:55 GMT

It certainly has the profits to finance it: Arab Bank commences US appeal against Hamas support allegations

But it is not in Aabar’s interests to derail the deal as a failed merger could drive down shares in the stock market.
October 27th, 2014 - 04:55 GMT

Playing with fire? Abu Dhabi State Fund demands a hefty $22 billion to seal banking deal with Malaysia

Millions of people are being spied on by free apps they have installed on their mobile phones, security experts have warned.
October 26th, 2014 - 02:03 GMT

No such thing as a free flashlight? Free Apps 'spying' on millions of phones

Oil prices had an impact on SABIC’s earnings through the prices of raw materials and final products
October 26th, 2014 - 01:38 GMT

The power of wishful thinking: Saudi SABIC's CEO says oil price downfall is 'temporary', despite profit slide

Political instability has scared off wealthy Gulf Arab tourists and some investors.
October 26th, 2014 - 01:20 GMT

Lebanon to direct resentment of Syrian refugees towards $1 billion fiscal stimulus package in 2015

Supply to the market – both domestically and for exports – may differ from production depending on the movement of barrels in and out of storage.
October 26th, 2014 - 04:55 GMT

Saudi Arabia's new oil tactic? Produce more, supply less

Al Bawaba
October 26th, 2014 - 04:55 GMT

OECD ‘seriously concerned' about how Turkey investigates bribery

The transaction completes the financial restructuring of Doux that filed for insolvency over two years ago.
October 24th, 2014 - 07:59 GMT

Converting them to halal? Saudi Arabia buys stake in major French poultry firm

Al Bawaba
October 23rd, 2014 - 03:55 GMT

An identity crisis? Khamenei denounces Iran's oil reliance

One-year dollar/Saudi riyal forwards jumped to 90.0 points, their highest level since a peak of 91.50 points hit in March 2011.
October 22nd, 2014 - 10:44 GMT

More peculiarity: Saudi riyal falls sharply against US dollar

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