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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 slump represented a wipe-off in market value of about $255 billion for European stocks listed on the broad STOXX Europe 600 index
October 16th, 2014 - 11:41 GMT

The new recession? European stocks suffer biggest one-day slide since 2011

"Nevertheless, further oil price drops would likely be needed for supply to take a hit — or for demand growth to get a lift," the agency said in its October report.
October 16th, 2014 - 03:55 GMT

A free fall? IEA cuts oil demand outlook, says prices could fall further for THIRD time this month

Al Bawaba
October 15th, 2014 - 11:15 GMT

Damac joins forces with Paramount Hotels to expand luxury projects across MENA

Al Bawaba
October 15th, 2014 - 11:04 GMT

Leading UAE firm Amanat Holdings looking to invest in GCC projects

Al Bawaba
October 15th, 2014 - 10:34 GMT

Work to begin on new $381 million UAE city

Al Bawaba
October 15th, 2014 - 09:57 GMT

Technologic! UAE’s IT market expected to grow by 8.5 percent

Al Bawaba
October 14th, 2014 - 02:07 GMT

Kuwait to award $38 billion worth of contracts by 2015

Al Bawaba
October 14th, 2014 - 01:24 GMT

Israeli shekel continues to weaken to no avail

Al Bawaba
October 14th, 2014 - 01:04 GMT

Panic over? Saudi, Dubai stock markets in the lead after tumble

Al Bawaba
October 14th, 2014 - 01:03 GMT

All about social services: UAE cabinet approves $13 billion budget for 2015

Egypt’s real GDP in FY 2013/2014 reached 2.2 percent, almost the same as in the preceding fiscal year.
October 14th, 2014 - 12:47 GMT

Accumulating optimism: Egypt GDP to grow 6% by 2018

Al Bawaba
October 14th, 2014 - 12:15 GMT

GCC ministers meet in Kuwait to discuss boosting tourism sector

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