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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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Emaar Properties is now worth less than it was before the sale of 15 per cent of EMG in the IPO.
October 2nd, 2014 - 02:46 GMT

A qualified success: Emaar Malls IPO wipes $1 billion off Emaar's value on day one of trading

Al Bawaba
October 2nd, 2014 - 02:30 GMT

Crime fight just got smarter: Dubai Police to put on Google Glass while driving their $400,000 Lamborghinis

Qatari Diar, the real estate arm of Qatar's sovereign wealth fund, stepped in with financial aid last year, agreeing to buy some of Barwa's assets for $7.1 billion.
October 2nd, 2014 - 01:57 GMT

Qatari developer to sell $697 million worth of land to the government

With oil prices continuing to slide, the pressure is building on the Organization of the Petroleum Exporting Countries (Opec) to reduce output at its meeting next month.
October 2nd, 2014 - 01:43 GMT

Saudi Arabia fights for market share: oil prices hit new 27-month low

Al Bawaba
October 2nd, 2014 - 12:46 GMT

Time is money: deal reached on Dubai World debt restructuring

Storing gas also gets momentum when other factors come to the fore: Economic support, safe margins in meeting country’s domestic gas needs, the half-depletion of oil reserves, etc.
October 2nd, 2014 - 03:55 GMT

Iran boasts the Middle East's top gas storage facility

Currently under way is the multibillion dollar expansion of the airport to increase the overall capacity to over 40 million passengers per year
October 1st, 2014 - 08:46 GMT

Best summer ever? Abu Dhabi passenger traffic rises close to 24%

Al Bawaba
October 1st, 2014 - 07:46 GMT

US embassy announces Diversity Visa Lottery

Al Bawaba
October 1st, 2014 - 11:52 GMT

Things are about to change, forever: US projected to overtake Saudi oil production

Al Bawaba
October 1st, 2014 - 03:55 GMT

No pun intended: Virgin comes to Saudi Arabia just in time for Hajj

On Sunday, Erdogan again slammed the credit agencies, saying they were making "foolish statements".
September 30th, 2014 - 09:44 GMT

Fitch urged to change its mind about Turkey

Strong economic data could prompt the US central bank to raise interest rates faster and sooner than expected, which could boost the dollar and hurt non-interest-bearing bullion.
September 30th, 2014 - 04:58 GMT

US Dollar hits four year peak, drags gold down

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