West Asia

Alibaba Group to add data centres in Europe, West Asia in AI push

The Chinese ecommerce leader will set up its first cloud regions in Turkey, Finland and the Netherlands over the next 12 months

US renews West Asia travel alert, warns Iran conflict may escalate rapidly

At least 11 US embassies cautioned about possible travel disruptions

Who pays for UPI? | MDR | UPI charges | BRICS | West Asia | Tata Sons | Macro Matters Ep 8

In this episode of Macro Matters, Ankur Bhardwaj speaks with A K Bhattacharya, Archis Mohan and Sanjeeb Mukherjee on UPI charges, Tata’s succession question, an expanded BRICS and how the West Asia.

PM Modi, UAE Prez discuss West Asia, strategic partnership in phone call

Prime Minister Narendra Modi on Friday received a telephone call from UAE President Sheikh Mohamed bin Zayed Al Nahyan, and the two leaders exchanged views on West Asia

Two vessels with Indian crew onboard attacked near Strait of Hormuz

Six Indian-flagged vessels and eight foreign-flagged vessels of Indian interest are currently in the Persian Gulf, carrying a total of 153 Indian seafarers

Gold, US Treasuries surge as crude oil slide eases inflation concerns

Gold rebounds after three days of losses as lower oil prices ease inflation concerns and Treasury yields retreat

Brics declaration balances tariffs, sanctions and West Asia concerns: GTRI

At the 18th Brics Summit, the New Delhi Declaration has criticised tariffs, sanctions and carbon trade measures linked to Western countries without naming them

Brics Declaration addresses West Asia tensions, condemns Pahalgam attack

The unanimous statement voices concern over West Asia, Gaza, Sudan and Syria, condemns the Pahalgam terror attack and flags rising military spending and nuclear risks

West Asia war strains margins for apparel makers as raw material costs rise

The West Asia war is driving up polyester, cotton, energy and freight costs, squeezing apparel manufacturers and potentially pushing clothing prices higher

Crude oil at $120/bbl? Mirae Asset Sharekhan explains why this is possible

Average crude oil prices will stay significantly higher than the previous forecast, as the recent turn of events would shrink global inventories.

Best of BS Opinion: India must again prepare for higher oil prices

Today's opinions examine rising oil risks, the balance between pharmaceutical innovation and affordability, Karnataka's uneven growth, women-focused welfare and misinformation

Mounting cost of a stalemate

India must again prepare for higher oil prices

US destroys 5 Iranian oil tankers, Iran targets American base in Jordan

The latest escalation comes as the US and Iran exchange strikes, with Washington targeting Iranian oil tankers and Tehran retaliating against US forces stationed in Jordan

LNG prices surge to multiyear highs as West Asia war squeezes supplies

West Asian supply disruptions and low European gas storage are pushing LNG prices higher, forcing price-sensitive Indian buyers to compete with Europe for cargoes

West Asia conflict, crude prices likely to drive stock markets this week

Developments in the West Asia conflict, crude oil prices, and US inflation data would be the major drivers for the stock market next week, according to analysts. Besides, trading activities of foreign investors and global market trends will also influence domestic equities. "This week is expected to remain highly sensitive to global monetary policy, crude oil prices and geopolitical developments. Investors will closely monitor the impact of the stronger-than-expected US employment data on expectations regarding the Federal Reserve's September policy decision," Ajit Mishra SVP, Research, Religare Broking Ltd, said. On the domestic front, investors will continue to monitor foreign institutional flows, the rupee, crude oil prices and domestic liquidity, he added. "Developments around the Strait of Hormuz will also remain a critical monitorable given their implications for India's inflation, external balance and corporate profitability," Mishra noted. Brent crude gained more than 8 p

US strikes Iranian oil carriers after IRGC fires missiles at Navy ships

The exchange of attacks followed an escalation in the past week that threatens to deepen a conflict that has continued since the US and Israel launched strikes on Iran in February

Trump wants Strait of Hormuz renamed 'Trump Strait' amid US-Iran war

US President Donald Trump made the suggestion a day after the US Central Command (Centcom) carried out another round of attacks on Iranian military targets

IndiGo, Air India Express rank among top 10 LCCs flying from West Asia

IndiGo and Air India Express together account for 15 per cent of West Asia's LCC seat capacity, despite Indian carriers operating only international flights

China's Xi urges new Middle East security framework during Egypt visit

Xi also said China was ready to work with regional countries to safeguard shipping routes, an issue that has taken on greater importance after conflict disrupted traffic through the Strait of Hormuz

US-Iran fighting escalates as Tehran retaliates with missile, drone strikes

The US military carried out its second round of attacks in three days, which US Central Command said targeted radar systems and mine-laying capabilities along Iran's southern coast