Manama: A fresh tension has been created between Saudi and Kuwait with Iran over the disputed fuel-rich sector in the Persian Gulf. Saudi and Kuwait clarified that work has started in the Durra gas field, ignoring Iranian opposition. Saudi Fuel Minister Prince Abdulaziz Bin Salman made this announcement. One billion cubic feet of fuel gas […]
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Washington: ‘I cannot reveal what the Indian soldiers did at the Galwan Valley and the government’s decisions. But I can definitely say that a message has gone to China that India will not spare anyone, if India is harmed,’ Indian Defence Minister Rajnath Singh said while addressing Indians in the United States. Besides, he said […]
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Washington: – The Biden administration has again indicated the opening of the ‘Strategic Petroleum Reserves’ ban on Russian fuel imports given the Ukraine conflict and rising inflation. An announcement to that effect is expected on Thursday. This is the third time in the last five months that the United States has used the Strategic Petroleum […]
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Washington: – Saudi Arabia and the United Arab Emirates (UAE) are displeased with President Biden’s policies regarding the Middle East. The supreme leaders in both these Arab countries are not answering calls from President Biden. The US daily ‘The Washington Times’ reported that while President Biden wishes to discuss the Russia-Ukraine war, the Saudi and […]
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Dubai: – In 2014, the Arab allies’ coalition had started a military conflict against the Houthi rebels in Yemen. At that time, the United States had refused to participate in the war, saying that this was not their war. However, the Russia-Ukraine war has flared up over the last few days. Hence, the fuel rates […]
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Washington/Dubai: – US President Joe Biden has decided to open the Strategic Petroleum Reserves to bring down the fuel prices in the country. Along with the United States, China, Japan, Great Britain, South Korea and India will also open up some of their reserves. Fuel prices in the international market have been steadily rising for […]
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Washington: A survey conducted by ‘Politico’ website revealed that President Joe Biden’s policies are responsible for rising inflation in the United States. As per the poll by Politico alongside Morning Consult group, 62% of people have voted Biden to be responsible for inflation in the United States. In the same survey, over 50% of people […]
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Washington/London/Tokyo: – The claims about possible recession in the global economy, the energy crisis and rising inflation have triggered unease among investors. The unrest had erupted in global stock markets, causing them to decline for two consecutive days- on Monday and Tuesday. This fall has affected the price of crude oil as well as gold. […]
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Beijing: – Analysts claim that a series of shocks to China’s economy will hit the post-Corona recovery of the global economy once again. The Chinese government released the economic data for July. It shows a slowdown in industrial production, retail sales, e-commerce and investment sectors. Asian stock markets have plummeted in the wake of Chinese […]
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Dubai: – For the first time since 2014, the Crude oil rates in the international market could scale three figures. Christyan Malek, an analyst at the renowned US financial institution, JPMorgan Chase, claimed that the crude oil rates would cross the $100 per barrel mark by the turn of the year. Five days ago, another […]
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