Page 2 - Middle East

Reliance Industries faces scrutiny as EU targets diesel from Russian crude

Reliance bought Abu Dhabi's Murban crude in a rare purchase late last week, traders said, adding that it picked up the cargo soon after Friday's sanction package

Iraq confirms drone attack 'findings' without naming who targeted its bases

Drones used to attack military bases in Iraq during the recent Israel-Iran war were manufactured outside Iraq but were launched inside its territory, according to the decisive findings of an investigation published on Friday. The report of an investigative committee formed under the directive of Prime Minister Mohammed Shia Al-Sudani did not identify who was behind the attacks that targeted radar and air defense systems last month. The attacks on several military bases, including some housing US troops, damaged radar systems at Camp Taji, north of Baghdad, and at Imam Ali Base in Dhi Qar province. Iraqi army spokesperson Sabah Al-Naaman said the investigation had reached decisive findings. He said the drones used were manufactured outside Iraq but were launched from locations inside Iraqi territory. All drones used in the attacks were of the same type, indicating that a single actor was behind the entire campaign, he said. Al-Naaman said the investigation had identified the entiti

Israeli defence minister calls strike on Syrian tanks a 'warning' to regime

The IDF attacked targets in Syria as a message and a clear warning to the Syrian regime - we will not allow harm to the Druze in Syria, Katz said

Wizz Air exits Abu Dhabi amid instability and lack of market access

Wizz CEO József Váradi said returning to Wizz's "bread and butter" of central and eastern Europe, where it competes with Europe's biggest airline Ryanair, would boost profits

Three more crew members rescued from ship attacked by Houthis in Red Sea

Liberian-flagged Merchant Vessel Eternity C had on board 22 crew members when it sank following damage it sustained in the Houthi attack

Israel launches airstrikes targeting Yemen's Houthis; rebels retaliate

Israel's military launched airstrikes early Monday targeting ports and facilities held by Yemen's Houthi rebels, with the rebels responding with missile fire targeting Israel. The attacks came after a suspected Houthi attack targeting a ship in the Red Sea that caught fire and took on water, later forcing its crew to abandon the vessel. The Israeli military said it struck Houthi-held ports at Hodeida, Ras Isa and Salif. These ports are used by the Houthi terrorist regime to transfer weapons from the Iranian regime, which are employed to carry out terrorist operations against the state of Israel and its allies, the Israeli military said. The Houthis then responded with an apparent missile attack on Israel. The Israeli military said it attempted to intercept the missile, but it appeared to make impact, though there were no immediate reports of injuries from the attack.

Brics set to condemn Trump's 'coercive' tariffs, Mideast, climate issues

Brics leaders are discussing a call for full Israeli withdrawal from Gaza and voicing opposition to any forced displacement of Palestinians from their territory

Russia won't back down from Ukraine war objectives: Putin tells Trump

Putin says Russia remains committed to its Ukraine war aims in phone call with Trump but is open to talks; US pause in military aid shocks Kyiv and Western allies

Starmer faces down revolt over welfare reform after first year in office

British Prime Minister Keir Starmer marks a year in office this week, fighting a rebellion from his own party over welfare reform and reckoning with a sluggish economy and rock-bottom approval ratings. It's a long way from the landslide election victory he won on July 4, 2024, when Starmer's center-left Labour Party took 412 of the 650 seats in the House of Commons to end 14 years of Conservative government. In the last 12 months Starmer has navigated the rapids of a turbulent world, winning praise for rallying international support for Ukraine and persuading US President Donald Trump to sign a trade deal easing tariffs on UK goods. But at home his agenda has run onto the rocks as he struggles to convince British voters and his own party that his government is delivering the change that it promised. Inflation remains stubbornly high and economic growth low, frustrating efforts to ease the cost of living. Starmer's personal approval ratings are approaching those of Conservative Pr

What could move stock markets in H2 2025? Check outlook, Nifty Dec target

Analysts expect Nifty to rise up to 6 per cent in six months, with intermittent corrections likely due to global factors

Asian banks fuel more than $2 billion loan boom across Middle East

Growing need for Middle East borrowers, primarily those from the Gulf States, to look beyond domestic capital markets comes as many regional economies press ahead with expensive diversification plans

Powell, Lagarde weigh Trump's impact as global policy risks deepen

Such a trade-off is faced by all the central bank chiefs who will speak on the panel in the hilltop resort of Sintra

Israeli Military declares 3 Iranian nuclear sites 'significantly damaged'

In addition, the IDF said thousands of centrifuges, research and development sites, headquarters infrastructure and unique documentation of the nuclear program were destroyed

Trump claims he saved Iran's Khamenei from 'ugly and ignominious death'

Donald Trump has claimed that he saved Iran's Supreme Leader during the Israel conflict. However, he dropped sanction relief after hostile Iranian statements

India's engineering exports see marginal decline of 0.82% in May: EEPC

The country's engineering exports conceded a marginal fall of 0.82 per cent year-on-year to USD 9.89 billion in May due to a higher statistical base and geopolitical tensions in West Asia, EEPC India said in a statement. According to EEPC, the share of engineering goods in the country's overall merchandise exports increased to 25.53 per cent during this period. India's engineering exports to the US, a top destination among major exporting countries, remained positive in May 2025 with total shipments growing 4.6 per cent to USD 1.74 billion year-on-year. Engineering shipments to China registered a 5.1 per cent year-on-year decline to USD 207.36 million in May this year as compared to USD 218.59 million in the corresponding month last year, the statement said. To countries like Germany, the UK, Japan, Italy and Italy, engineering goods exports showed positive growth in May this year, while shipments to Mexico, Turkey and Vietnam showed negative growth. On a cumulative basis, India's

Dubai, Abu Dhabi remain calm, thrive amid Iran-Israel tensions

But the Iran-Israel confrontation, which involved the US, poses one of the most stringent tests yet to the country's neutral and open-for-business stance

India evacuates hundreds from Iran, Israel amid ongoing regional conflict

India on Tuesday evacuated 292 citizens from Iran and 366 nationals from Israel amid escalating tensions between the two countries following the US bombing of three Iranian nuclear sites. With the fresh batch of evacuees from Iran, India has brought back 2,295 Indians from the Persian Gulf nation so far. India brought back 161 Indians in a chartered flight from Amman that landed at 8:20 am. The Indians were moved from Israel to Jordan through land border crossings. Another group of 165 Indians were flown back to New Delhi from Amman in a C-17 military transport aircraft. They were received at the airport by Union Minister L Murugan. Two-hundred-ninety-two Indian nationals were evacuated from Iran on a special flight that arrived in New Delhi from Mashhad at 3:30 am, External Affairs Ministry spokesperson Randhir Jaiswal said. Sharing details about India's evacuation mission Operation Sindhu that was launched following fresh wave of hostilities between Iran and Israel, he said, "2,

These 3 basmati rice stocks rally up to 11% amid Israel-Iran ceasefire

Shares of LT Overseas, KRBL and Chaman Lal Setia Exports have rallied by up to 11 per cent on the BSE in Tuesday's intra-day trade on Iran-Israel ceasefire

HPCL, BPCL: OMCs, paint, tyre, aviation stocks rally after oil slips 5%

BPCL, HPCL, IOC, Asian Paints, and other downstream oil companies' stock surged, while ONGC, Oil India dropped after Brent crude oil slipped 5 per cent

From Hawaii to Iran: Trump's remark spotlights US history of regime change

Trump's 'Make Iran Great Again' remark reignites debate over the US' long, covert history of regime change, from royal overthrows to Cold War coups and modern-day military interventions