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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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Al Bawaba
October 8th, 2014 - 03:55 GMT

Higher than the US? Morocco considers legalizing weed!

Some 465 new schools will be built, while another 1,500 will be refurbished along with work on another 1,544 existing school construction projects expected to continue.
October 7th, 2014 - 04:32 GMT

GCC to spend $90 billion on education construction by 2020

Al Bawaba
October 7th, 2014 - 04:14 GMT

Time for the Middle East to revise its oil demand forecasts? World Bank trims China, East Asia forecast

Walt Disney Co has come to the rescue of its loss-making subsidiary EuroDisney with a 1 billion-euro ($1.3 billion) funding deal announced on Monday.
October 7th, 2014 - 11:08 GMT

Just like a fairytale? Walt Disney comes to the rescue of Euro Disney with $1.3 billion recapitalization deal

Service contracts stay within the limits of Kuwait’s constitution, which ban foreign firms from oil production in the Gulf OPEC crude exporter.
October 7th, 2014 - 04:55 GMT

Coming back for a comeback: Kuwait invites major oil companies back

The IMF has warned that Yemen's fiscal deficit would reach 9 percent of gross domestic product in 2014 and foreign reserves would decline to well below three months of imports in the absence of economic reforms.
October 7th, 2014 - 03:55 GMT

Yemeni govt deal with Houthi rebels 'in line' with IMF conditons

Zafar will be sent into a geostationary orbit, which is a circular orbit around 36,000 kilometres (22,320 miles) above the Earth’s equator.
October 7th, 2014 - 03:55 GMT

Unsanctionable? Iran prepares to launch space satelites

The initial results for the 3-D survey were very encouraging, according to the British-based company Spectrum, which conducted the operation over 3,000 square meters off the southern Lebanese coast.
October 6th, 2014 - 09:43 GMT

A bird's view: airborne oil and gas surveillance commences in Lebanon

Egypt's debts to foreign energy firms operating in the country increased after the political turmoil which followed the 2011 revolution.
October 6th, 2014 - 01:50 GMT

Happy Eid to Egypt: Egypt repays $350 million in debt to British gas

More than buying gold jewellery as a fashion statement, with delicate designs, currently sellers have also noticed an increased sale in simple, but heavy jewellery.
October 6th, 2014 - 01:34 GMT

A festive season: Gold rush in Dubai as prices slump

Al Bawaba
October 5th, 2014 - 07:38 GMT

Iraq strife could trigger higher oil prices - IMF’s Lagarde

The Saudi government had requested the purchase of 202 Patriot Advanced Capability (PAC)-3 missiles -- the most sophisticated version of the Patriot anti-missile weapons.
October 2nd, 2014 - 03:30 GMT

Profiteering off the Gulf's arms rush? US plans billion dollars arms sale to Saudi Arabia

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