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  • Saudi Arabia’s outreach to Israel is a dramatic effort to transition to a modernising, post-Petro State Nov 28, 2020 08:02 AM IST

    Saudi Arabia’s outreach to Israel is a dramatic effort to transition to a modernising, post-Petro State

    In Prince Salman’s vision, the Saudi state can only emerge as a globalised, technological society if profound cultural changes sweep aside its traditional and religious foundations. However, the plan to transition to a post-Petro State will clearly be a perilous one.

  • In Arab states' embrace, Israelis see a reshaped Mideast Sep 14, 2020 10:38 AM IST

    In Arab states' embrace, Israelis see a reshaped Mideast

    What Israeli and US officials are working hard to portray as the beginning of a toppling of dominoes — a guessing game of who’s next — is in fact the culmination of a long process, experts said.

  • Kuwait’s expat quota bill a big blow to Kerala’s remittances Jul 08, 2020 02:20 PM IST

    Kuwait’s expat quota bill a big blow to Kerala’s remittances

    Depending on when the expats are asked to leave the country, Kerala’s remittances economy could see a shrinkage of up to $4 billion — about 25 percent of its total inward remittances

  • Middle east economies take massive hit with oil price crash Apr 27, 2020 01:22 PM IST

    Middle east economies take massive hit with oil price crash

    Saudi Arabia will likely have to delay mega-projects. Egypt and Lebanon face a blow as their workers in the Gulf send back less of the much-needed dollars that help keep their fragile economies afloat.

  • Two Indian refiners cut Middle east crude purchases in May: Sources Apr 22, 2020 01:32 PM IST

    Two Indian refiners cut Middle east crude purchases in May: Sources

    This is the second consecutive month that Indian refiners have sharply cut imports of term crude supplies as space to store excess oil ran out and as stay-home measures to curb the spread of the virus slashed fuel demand.

  • Rahul Gandhi asks govt to bring back Indian workers stuck in Middle East Apr 15, 2020 10:35 AM IST

    Rahul Gandhi asks govt to bring back Indian workers stuck in Middle East

    "The Covid19 crisis and shutting of businesses in the Middle East have left thousands of Indian workers in deep distress and desperate to return home.

  • Saudi Arabia may slash April oil prices to Asia by most since 2012 Feb 28, 2020 02:30 PM IST

    Saudi Arabia may slash April oil prices to Asia by most since 2012

    Large Saudi crude price cuts for a second straight month indicate that Asia, the world's fastest growing demand centre for oil, is swamped with supplies after the spreading virus led to run cuts at Chinese refineries.

  • Hassan Rouhani says Iran will never yield to US pressure for talks Feb 17, 2020 08:50 AM IST

    Hassan Rouhani says Iran will never yield to US pressure for talks

    Relations between Tehran and Washington reached crisis point in 2018 after U.S. President Donald Trump abandoned a 2015 pact between Iran and world powers under which Tehran accepted curbs to its nuclear programme in return for the lifting of sanctions.

  • Recep Tayyip Erdogan says Jerusalem 'not for sale' after Trump Middle east plan Jan 31, 2020 08:25 AM IST

    Recep Tayyip Erdogan says Jerusalem 'not for sale' after Trump Middle east plan

    "They say, 'the deal of the century', what deal? This is a project of occupation," Erdogan said in Ankara. "Jerusalem is our red line... Jerusalem is not for sale.

  • Donald Trump's Middle east peace plan will be 'historic': Benjamin Netanyahu Jan 26, 2020 12:26 PM IST

    Donald Trump's Middle east peace plan will be 'historic': Benjamin Netanyahu

    "An opportunity such as this comes once in history and cannot be missed... I am full of hope that we are on the verge of a historic moment in the annals of our state," Netanyahu, who has been invited to meet Trump at the White House on Tuesday to discuss the plan, said in a statement.

  • Donald Trump says will release Middle East peace plan by January 28 Jan 24, 2020 08:30 AM IST

    Donald Trump says will release Middle East peace plan by January 28

    Speaking to reporters on Air Force One en route to Miami for a political event, Trump said Palestinians might react negatively to his plan at first, but that it would benefit them.

  • Siemens CEO Joe Kaeser asks Donald Trump for equal treatment in Middle east Jan 23, 2020 02:02 PM IST

    Siemens CEO Joe Kaeser asks Donald Trump for equal treatment in Middle east

    "They are getting more optimistic for the second half of the year than they have for the first half and actually 2019," Kaeser said in an interview on the sidelines of the World Economic Forum annual meeting in Davos.

  • Middle East share of India's oil imports falls to four-year-low in 2019: Trade Jan 20, 2020 12:11 PM IST

    Middle East share of India's oil imports falls to four-year-low in 2019: Trade

    India, the world's third-biggest oil consumer, imports about 84% of its oil needs and traditionally relies on the Middle East for the majority of its supplies.

  • Eros Now partners with Ooredoo Qatar Jan 16, 2020 12:25 PM IST

    Eros Now partners with Ooredoo Qatar

    Eros Now, the online video streaming platform owned by Eros International will offer its Bollywood and Indian regional content library to Ooredoo users in Qatar

  • Oil prices dip as Middle east tensions ease; market eyes trade deal Jan 14, 2020 08:25 AM IST

    Oil prices dip as Middle east tensions ease; market eyes trade deal

    However, the declines were limited by expectations of a drawdown in U.S. crude oil inventories and optimism about the signing of a preliminary trade deal between the U.S. and China, the world's top oil consumers.

  • Japan PM Shinzo Abe heading to Middle East as planned ahead of warship dispatch Jan 10, 2020 10:28 AM IST

    Japan PM Shinzo Abe heading to Middle East as planned ahead of warship dispatch

    Media had reported this week the trip would be cancelled as tensions rose in the region after the U.S. killing of Iranian military commander Qassem Soleimani and a retaliatory missile attack by Iran on U.S. forces in Iraq.

  • Oil prices fall further as threat of Middle East war recedes Jan 10, 2020 08:06 AM IST

    Oil prices fall further as threat of Middle East war recedes

    Brent crude was down 14 cents, or 0.2%, at $65.23 at 0119 GMT, after falling more than 4% over the last two days. WTI was also down 14 cents, or 0.2%, at $59.42, after dropping slightly on Thursday and plunging around 5% on Wednesday.

  • Donald Trump floats expanding NATO to add Middle East Jan 10, 2020 07:54 AM IST

    Donald Trump floats expanding NATO to add Middle East

    "I think that NATO should be expanded and we should include the Middle East, absolutely," Trump told reporters at the White House.

  • China's CNPC pulls staff from Iraq oilfield amid Middle east tensions Jan 08, 2020 11:12 AM IST

    China's CNPC pulls staff from Iraq oilfield amid Middle east tensions

    The West Qurna-1 oilfield is jointly developed by CNPC and Exxon Mobil, with the U.S. major as the operator.

  • Iran says 'took and concluded proportionate' self-defence Jan 08, 2020 09:00 AM IST

    Iran says 'took and concluded proportionate' self-defence

    "Iran took and concluded proportionate measures in self-defence" targeting a base from which a "cowardly armed attack against our citizens and senior officials" was launched, said Foreign Minister Mohammad Javad Zarif on Twitter.

  • US increased its force protection postures across Middle East: Defence Secretary Jan 08, 2020 08:42 AM IST

    US increased its force protection postures across Middle East: Defence Secretary

    The commander of Iran's powerful Revolutionary Guards was killed on Friday in a US drone strike, which was authorised by President Donald Trump.

  • US FAA says 'closely monitoring' aviation safety in Middle East after missile attack Jan 08, 2020 08:05 AM IST

    US FAA says 'closely monitoring' aviation safety in Middle East after missile attack

    Tehran fired more than a dozen ballistic missiles from Iranian territory against at least two Iraqi military bases hosting US-led coalition personnel, the US military said on Tuesday.

  • Japan PM Shinzo Abe sticks to plan to deploy forces to Middle East Jan 06, 2020 12:25 PM IST

    Japan PM Shinzo Abe sticks to plan to deploy forces to Middle East

    At a televised news conference on Monday, Abe called on nations involved to make diplomatic efforts to ease tensions and avoid further escalation.

  • US killing of Iran general will 'increase tensions': Moscow Jan 03, 2020 02:11 PM IST

    US killing of Iran general will 'increase tensions': Moscow

    "The killing of Soleimani.... was an adventurist step that will increase tensions throughout the region," news agencies RIA Novosti and TASS quoted the foreign ministry as saying.

  • Gold edges up, holds near 2-month peak in thin-volume trade Dec 30, 2019 08:05 AM IST

    Gold edges up, holds near 2-month peak in thin-volume trade

    Spot gold rose 0.3% to $1,514.56 per ounce by 0112 GMT. Prices hit their highest since Nov. 1 at $1,515.09 on Friday. U.S. gold futures were unchanged at $1,517.50.

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