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Middle East

Oman's Sultan Qaboos dead, Haitham bin Tariq takes oath as new ruler

Oman's Sultan Qaboos dead, Haitham bin Tariq takes oath as n...

Sat, Jan 11, 2020

Oman`s new ruler, Haitham bin Tariq al-Said, was on Saturday taking the oath of allegiance as sultan to succeed his cousin Qaboos bin Said who died on Friday, two Omani newspapers said.

US vs Iran: President Donald Trump claims 4 US embassies were targeted by Iran

US vs Iran: President Donald Trump claims 4 US embassies were tar...

Sat, Jan 11, 2020

US President Donald Trump said that the "imminent threat" from Iran might involve planned attacks on four US embassies, US media reported.

Sultan Qaboos: Arab world's longest-serving ruler passes away

Sultan Qaboos: Arab world's longest-serving ruler passes awa...

Sat, Jan 11, 2020

Oman's Sultan Qaboos bin Said Al Said, the Arab world`s longest-serving ruler, has died aged 79, state media reported on Saturday.

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Iran attacks US forces in Iraq for the killing of General Qassem Soleimani

Iran attacks US forces in Iraq for the killing of General Qassem Soleimani

Wed, Jan 08, 2020

Iran said it launched a missile attack on U.S.-led forces in Iraq in the early hours of Wednesday in retaliation for the U.S. drone strike on an Iranian commander whose killing has raised fears of a wider war in the Middle East.

US job data eases financial market concerns; Oil settles up but crude ends week down 5%

US job data eases financial market concerns; Oil settles up but crude ends week down 5%

Sat, Oct 05, 2019

US job growth increased moderately in September, with the unemployment rate dropping to near a 50-year low of 3.5%, according to a US Labor Department report.

Global Markets: Oil recedes on Saudi Arabia's supply reassurance, investor focus shifts to Fed policy meeting today

Global Markets: Oil recedes on Saudi Arabia's supply reassurance, investor focus shifts to Fed policy meeting today

Wed, Sep 18, 2019

Saudi Energy Minister Prince Abdulaziz bin Salman said the kingdom has recovered supplies by tapping inventories, and lost oil output of 5.7 million barrels per day (bpd) by the end of September.

Oil price jumps nearly 15% in record trading after attack on Saudi facilities

Oil price jumps nearly 15% in record trading after attack on Saudi facilities

Tue, Sep 17, 2019

Brent crude, the international benchmark, settled at $69.02 a barrel, rising $8.80, or 14.6%, its biggest one-day percentage gain since at least 1988. Brent futures saw more than 2 million contracts traded, an all-time daily volume record, Intercontinental Exchange spokeswoman Rebecca Mitchell said.

Oil prices gain on US inventory drop, Middle East tensions

Oil prices gain on US inventory drop, Middle East tensions

Wed, Jul 24, 2019

Signs of rising tensions in the Middle East offset a weaker global growth outlook from the International Monetary Fund, which had kept prices largely flat for much of Tuesday`s session.

US to overtake Russia as world's biggest oil producer by 2019 latest: IEA

US to overtake Russia as world's biggest oil producer by 2019 latest: IEA

Tue, Feb 27, 2018

The soaring US production is upending global oil markets, coming at a time when a group of other major producers around Russia and the Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) have been voluntarily withholding output in order to prop up prices.

OPEC, non-OPEC allies to study long-term oil cooperation in June, says UAE

OPEC, non-OPEC allies to study long-term oil cooperation in June, says UAE

Tue, Feb 20, 2018

OPEC and non-OPEC oil producers, including Russia, will discuss extending their cooperation for many more years when they meet in June as they seek to avoid major market shocks, the United Arab Emirates` energy minister told Reuters.

Oil hits highest in nearly two weeks on Asian equity recovery

Oil hits highest in nearly two weeks on Asian equity recovery

Mon, Feb 19, 2018

The US oil rig count, an indicator of future production, rose by seven to 798, its highest since April 2015, according to a weekly report from General Electric`s Baker Hughes unit.

Hi-Tech Robotic to expand global footprint for AI-based driver behaviour sensor

Hi-Tech Robotic to expand global footprint for AI-based driver behaviour sensor

Sun, Feb 18, 2018

Hi-Tech Robotic Systemz is also in talks with large fleet operators in North and South America along with the Middle East to supply the technology in the aftermarket segment.

A year into OPEC's production cuts, Asia's oil markets have tightened

A year into OPEC's production cuts, Asia's oil markets have tightened

Thu, Feb 15, 2018

The main impact of OPEC withholding supplies has been to change the structure of the oil price curve.

Citigroup targets rapid Middle East, Africa growth in 2018

Citigroup targets rapid Middle East, Africa growth in 2018

Thu, Feb 08, 2018

Citigroup expects 2018 to be its best year for investment banking in the Middle East and Africa in at least a decade, likely led by Saudi Arabia, a senior executive at the U.S. bank said.

Crucial Kerala diaspora study begins, as Gulf no longer what it was

Crucial Kerala diaspora study begins, as Gulf no longer what it was

Wed, Jan 03, 2018

The study aims to not only analyse not the present trends in migration but also the medium and long-term consequences of important developments like the global financial crisis of 2009, the drop in oil prices and the stricter immigration policies increasingly followed by countries worldwide and its impact on Kerala`s economy.

Oil rises on UK pipeline outage but US supply caps gains

Oil rises on UK pipeline outage but US supply caps gains

Tue, Dec 19, 2017

Oil edged up towards $64 a barrel on Tuesday, helped by a North Sea pipeline outage, OPEC-led supply cuts and jitters about threats to Middle East supplies after a missile was fired by a Yemeni group at the Saudi capital.

Virgin Hyperloop One names Richard Branson Chairman, raises $50 million

Virgin Hyperloop One names Richard Branson Chairman, raises $50 million

Tue, Dec 19, 2017

The company develops super high-speed transportation systems which are expected to cut travel time between New York and Washington to about half an hour.

Qatar Airways says joins major Middle East carriers in lifting of US laptop ban

Qatar Airways says joins major Middle East carriers in lifting of US laptop ban

Thu, Jul 06, 2017

Qatar Airways said on Thursday that passengers travelling to the United States can now carry their laptops and other large electronics on board, ending a three month in-cabin ban on devices for the Doha-based airline.

Gold retreats from five-month high as dollar rebounds

Gold retreats from five-month high as dollar rebounds

Fri, Apr 14, 2017

Gold prices eased from five-month highs on Thursday as the dollar rebounded from a slide triggered by comments from U.S. President Donald Trump that the greenback was too strong and that he would prefer the Federal Reserve keep interest rates low.

Sobha's stocks fall nearly 9% in morning trade after promoter announces to sell 4 million stakes

Sobha's stocks fall nearly 9% in morning trade after promoter announces to sell 4 million stakes

Mon, Apr 10, 2017

The stock of Sobha declined 8.92% to Rs 378.50 in the morning trade on the BSE on Monday after its promoter announced last week to sell four million stakes in the company.

Tech Mahindra to buy US-based healthcare IT services & consulting firm The HCI Group

Tech Mahindra to buy US-based healthcare IT services & consulting firm The HCI Group

Tue, Mar 07, 2017

With an aim to strengthen its position in the healthcare service provider space, Tech Mahindra has announced to acquire the US-based healthcare IT services and consulting firm The HCI Group.

Indian Oil expects crude processing to edge up in 2017-18 despite maintenance work at some plants

Indian Oil expects crude processing to edge up in 2017-18 despite maintenance work at some plants

Tue, Feb 07, 2017

Indian Oil Corporation has said that its crude processing for 2017-18 will inched up despite planned maintenance at some plants.

83 IPOs hit Indian market, raised $3.8 billion in 2016: EY

83 IPOs hit Indian market, raised $3.8 billion in 2016: EY

Tue, Dec 27, 2016

India's IPO market recorded strong performance in 2016 with 83 IPOs raising $3.8 billion (nearly Rs 25,280.5 crore) this year, and the activity looks set to remain strong driven by a combination of high investor confidence and regulatory reforms, says an Ernst and Young (EY) report.

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