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Middle East News
Oman's Sultan Qaboos dead, Haitham bin Tariq takes oath as new ruler
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
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
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.
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%
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.