Tokyo/London: The Global stock markets saw a sharp decline, against the backdrop of the increasing uncertainty over the Brexit issue and the growing shadows of slowdown on the global economy. The US Dow Jones index had declined by a whopping 460 points on Friday. Its reflections were seen in the Asian and European markets. Japanese […]
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Dubai: The International Monetary Fund (IMF) has warned that the debt burden on Arab countries is increasing. Christine Lagarde, the Managing Director and Chairwoman of the IMF, issued this warning in an economic conference held in Dubai, cautioning the Arab countries that import and export crude oil. Christine Lagarde also pointed out that the Arab […]
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Tehran: A senior official from the Iranian Revolutionary Guards threatened, ‘If the United States made any moves to attack Iran, the US military bases and the aircraft carrier in the Persian Gulf would be destroyed. All the US military bases are in the range of the Iranian missiles.’ Only last month the Revolutionary Guards had […]
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Washington: ‘The United States is protecting Saudi Arabia. Saudi Arabia is a rich country and I have respect for King Salman. But the Saudi King should realise that the United States is protecting them. Without the United States, the Saudi King cannot remain in power for more than two weeks. You will have to pay […]
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Riyadh/Moscow: Saudi Arabia and Russia have rejected the demand by US President Donald Trump to increase the oil production. There are indications of tension rising between the United States and Russia-Saudi over the oil issue. Trump had demanded that the OPEC countries should increase the oil production in view of the increasing fuel prices. But […]
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Moscow: Iran had threatened to stop all of the oil movement, through the Strait of Hormuz if the United States attempted to stop the Iranian exports through sanctions. But Iran’s decision to close this marine route important for oil movement, is being bitterly opposed by the Arab League, announced the Ambassador of the Arab League […]
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Riyadh/London: The oil shipments are being affected by the Houthi conflict in Saudi Arabia and Yemen. The Houthi rebels attacked a Saudi Arabian oil tanker passing through the Bab Al Mandab Strait. Cautioned by this attack, Saudi has stopped the oil shipments to Europe passing through this marine sector. This has had its effect on […]
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Riyadh/Moscow : In the light of the statements issued by Russia and Saudi Arabia, the world’s biggest oil producers , the prices of crude oil have soared. For the very first time after almost three weeks the rates of crude oil have touched $45 per barrel. On Monday, prices of crude oil were noted at $45.13 […]
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Voting in favour of ‘Brexit’, the British masses have shown unwillingness to remain a part of the EU. The decision has had grave political repercussions the world over, prompting also, swift ripples on the global share market as much as on the global political scene. Following the results of the referendum, the British Prime Minister […]
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