Page 31 - Middle East

India's oil imports surge as refiners boost runs to meet demand

Indian refiners typically buy oil two months ahead of processing. Refiners are raising runs to cash in on high margins to offset some of the losses incurred for selling fuels in the local markets.

Fostering deeper ties, China emerges as key financial player in Iraq

China has emerged as a key financial player in Iraq amid its policy of fostering deeper economic ties with the Middle East in recent years.

Middle East nations refrain from sanctioning Russia over Ukraine invasion

The Russian invasion of Ukraine has put several states in the Middle East in a very difficult position

Oman to take 35 state-owned companies public in five years

Oman's state-owned energy company OQ is considering local listings for some of its downstream and upstream assets

Putin says Russia to welcome volunteers from Middle East to fight Ukraine

At a meeting of Russia's Security Council, Defence Minister Sergei Shoigu said there were 16,000 volunteers in the Middle East who were ready to come to fight with Russian-backed forces

Middle East to suffer from the grain shortage due to the war in Ukraine

The Middle East will suffer from the grain shortage due to the ongoing war in Ukraine

Online travel player Wego to acquire Cleartrip's Mideast biz from Flipkart

The Boards of Directors of Wego and Flipkart have approved the transaction, which is expected to close in the second half of 2022.

Escalating Ukraine crisis will force Middle East nations to pick a side

The prospect of a Russian invasion of Ukraine would put them in the difficult position of choosing between doing business with the West or with Moscow.

Indian Embassy in Kuwait hits out at Tharoor's 'anti-India' retweet

The Indian Embassy in Kuwait on Friday slammed Congress MP Shashi Tharoor for retweeting what it said was an "anti-India tweet" by a "Pakistani agent", and asserted that such anti-India elements should not be encouraged. The sharp response from the Indian Embassy in Kuwait came after Tharoor retweeted a tweet which claimed that a group of "powerful" Kuwaiti parliamentarians have demanded from the government of Kuwait to put an immediate ban on the entry of any member of the ruling BJP of India into Kuwait. The tweet further said, "We can't sit back and watch Muslim girls being publicly persecuted they said. Time for the Ummah to unite." Referring to the tweet, Tharoor said on Twitter, "Domestic actions have international repercussions. I hear from friends across the Gulf of their dismay at rising Islamophobia in India & the PM's unwillingness to condemn it, let alone act decisively against it. 'We like India. But don't make it so hard for us to be your friends'." Hitting out at ...

US State Secy Blinken expresses concern over civilian casualties in Yemen

Yemen has been mired in civil war since September 2014 when the Houthi militia forced the internationally recognized government of President Abd-Rabbu Mansour Hadi out of the capital Sanaa.

Study abroad platform Leap Scholar enters Middle East, will invest $20 mn

Firm has raised over $75 mn in venture capital from marquee investors like Sequoia Capital, Owl Ventures, Jungle Ventures, and Harvard Management Company

Bombay Shaving Company raises Rs 50 cr from GII; to enter Middle East

The company, which is into personal care and hair removal, recently had a Rs 160 crore fund infusion and the latest one takes the overall quantum of money raised in this round to Rs 210 crore

President Biden meets Emir of Qatar, discusses security in Gulf region

Both sides ensured the stability of global energy supplies, supporting the people of Afghanistan, and strengthening commercial and investment cooperation said White House in a statement

Israel president Isaac Herzog flies to UAE in first amid regional tension

Israel's figurehead president flew to the UAE in the first official visit by the country's head of state, the latest sign of deepening ties between the two nations as tensions rise in the region

Oil price rise on supply fears amid tensions in Eastern Europe, Middle East

TOKYO (Reuters) -Oil prices rose on Monday on worries about supply disruption amid rising tensions in Eastern Europe and the Middle East, which could make an already tight market even tighter, while OPEC and its allies continued to struggle to raise output.

Brent climbs to more than 7-year high on Mideast tensions, tight supply

By Roslan Khasawneh and Sonali Paul

South Korean president Moon Jae-in visits UAE, showcasing deep ties

The countries signed a memorandum of understanding for the UAE's purchase of a South Korean mid-range missile defence system valued at some $3.5 billion

Joe Biden taps combat-hardened officer to lead Central Command

A senior Army three-star general with extensive experience in the Iraq and Afghanistan wars has been nominated to become the top US commander for the Middle East. President Joe Biden has nominated Army Lt Gen Erik Kurilla to head US Central Command and be promoted to four-star general, according to multiple US officials. The Senate Armed Services Committee notice says only that Kurilla has been nominated to become a general, and does not detail which job he would get if confirmed. But his nomination for US Central Command has been expected for several months. US officials confirmed the planned job on condition of anonymity because it has not yet been made public. If confirmed by the Senate, Kurilla would replace Marine General Frank McKenzie, who has led the command for the past three years and is expected to retire. Kurilla would take over as the Pentagon continues to try and shift its focus to the Indo-Pacific and counter a rising China, and to bolster defences against Russia in

Mideast carriers flydubai, Air Arabia cancel flights to Kazakhstan's Almaty

Websites for the airlines showed return Dubai-Almaty services operated by flydubai and return Sharjah-Almaty flights operated by Air Arabia as cancelled.

Peace prospects rise in West Asia after US' perceived retreat from region

Although the US Administration says that it is still engaged in the West Asia, there is no doubt that much more attention in the US foreign policy is now given to China, Russia, and the far east