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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 July, prices for vegetable, fruits, poultry and dairy products inched up by 7.4%, 3%, 4.8% and 4.6% respectively.
August 11th, 2014 - 03:32 GMT

The works of the new subsidy policy? Egypt sees biggest monthly inflation since 2008

The contract provides for the UAE to import some 600 million cubic feet per day of Iranian gas, though the actual amount will depend on many factors and may only become clear in coming months.
August 11th, 2014 - 07:03 GMT

It's valid and binding: Dana Gas wins favorable ruling against Iranian company

Dubai-based brokerage Arqaam Capital last year valued OSN at $4.3 billion.
August 11th, 2014 - 03:55 GMT

Thanks, but no thanks: KIPCO snubs $3.2 billion offer to buy OSN entertainment

Al Bawaba
August 10th, 2014 - 11:12 GMT

Feeling insecure: Hyundai, Doosan abdandon $1.5 billion project in Libya

They also accuse the bank of performing financial services for people affiliated with Hamas and other designated foreign terrorist organisations.
August 10th, 2014 - 10:47 GMT

The moment of truth: Arab Bank's trial over alleged support to Hamas commences in New York tomorrow

Al Bawaba
August 10th, 2014 - 01:18 GMT

'Jordan's debt can't go on forever'- IMF official

Meanwhile, an aviation analyst termed the Etihad’s deal with Alitalia risky and said Abu Dhabi-based airline will have to go all-out to make this deal work to achieve desire results by 2017.
August 10th, 2014 - 03:55 GMT

After $2 billion rescue deal with Etihad, Alitalia CEO ready to step down

The tech rumour mill is rife with talk about two new Apple iPhones set to be launched within a few weeks.
August 10th, 2014 - 03:55 GMT

Here comes the new iphone 6...

Growth forecasts for seven countries in the Middle East and North Africa might be too rosy and consequently misleading according a World Bank report.
August 10th, 2014 - 03:55 GMT

World Bank declares MENA growth projections 'too rosy'

Al Bawaba
August 8th, 2014 - 07:30 GMT

Business marries politics: Mubarak-era Egyptian steel tycoon released on bail

Hidden, or indirect, taxes for goods including food, gasoline, cars and cellular phones in Turkey have reached record-breaking levels based on European standards,
August 8th, 2014 - 01:20 GMT

Turkey's hidden tax reach 'record-breaking' levels

Al Bawaba
August 7th, 2014 - 01:47 GMT

After the Expo, anything is possible: Dubai planning olympic bid in 8 years

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