Middle East News

U.S. Treasury Secretary Janet Yellen announced on Tuesday that new sanctions on Tehran, potentially aimed at diminishing the country's oil export capacity, would be imposed within days. Meanwhile, while the Israeli Defense Force (IDF) has asserted its intention to strike back against the attack, world leaders have urged Israel not to retaliate.

While Israel and allies including the US, UK and France managed to mostly foil an unprecedented attack by Iran on the Jewish state, stock markets in Israel, Saudi Arabia and elsewhere in the Middle East fell on Sunday, but only slightly. Experts believe if the conflict between the two countries escalates into a full-fledged war it could have a much larger impact across the globe. In this video, Mint explains how an escalation between the two will impact India.

Crude oil prices which touched rock bottom when the covid pandemic broke out in 2020 have gained steadily since then, as the world made progress in the battle against the coronavirus. However, with the onset of the Russia-Ukraine war in February and following supply chain disruptions, oil prices began climbing, peaking at $127.98 in March. With the global economy slowing down, crude oil prices fell as low as $76.1 in the first week of December. However, retail customers may have to wait longer for relief, why? Let us analyze the implications of cheaper oil for the Indian economy.

IndiGo has been granted nearly half of the total 180 repatriation flights allotted to private airlines, the budget carrier saidIndia has been under lockdown since March 25

With the over-the-top services industry quickly expanding in India, Chief Operating Officer of Apalya Technologies, Venugopal Iyengar, comments on the current trends, as well as the possible future, of the industry. Apalya Technologies describes itself as an 'OTT enabler'. The company started with mobile TV and says that it now serves every major telco in South Asia & Middle East.

US defense chief urged the Iranian regime to take up President Donald Trump’s offer of negotiationsEsper calls for 'like-minded' nations to team up to protect shipping in the Persian Gulf area after recent attacks on oil tankers that the US has blamed on Iran

Brent crude futures were up 50 cents, or 0.8%, at $61.81 a barrel, having settled up 2.2% on ThursdayIt was the second time in a month tankers have been attacked in the world's most important zone for oil supplies, amid rising tensions between the US and Iran

Uber Technologies will pay $1.4 billion in cash and $1.7 billion in convertible notes for Careem Networks FZCareem has until Monday evening to agree to the Uber deal, after which an announcement will be made Tuesday

Future Consumer partners with UAE’s T Choithrams & Sons to sell its products in the Middle EastChoithrams to market, distribute and retail Future Consumer brands to other retail stores also

The Qatari capital city of Doha is home to a medieval falcon souk that keeps the age-old tradition of falconry alive