The union government has told refiners to reduce Iranian oil imports and find alternatives as New Delhi may not seek a waiver that would protect buyers of Tehran's oil from a fresh round of U.S. sanctions, two industry sources said on Wednesday.
Honda Motor Co <7267.T> unveiled three Acura models at the Detroit auto show on Monday including an entry-level sedan and an NSX supercar as it aims to put the struggling premium brand back on the map in the crowded U.S. luxury market.
A part of The World, a man-made archipelago off the coast of Dubai, is reportedly ready to receive tourists. The island - supposedly Lebanon Island - has seen development activities recently.
Israel said on Saturday the online publication of thousands of its citizens' credit card details by a hacker who says he is based in Saudi Arabia was comparable to terrorism, and promised to hit back.
Western powers this week readied a contingency plan to tap a record volume from emergency stockpiles to replace nearly all the Gulf oil that would be lost if Iran blocks the Strait of Hormuz, industry sources and diplomats told Reuters.
Bahraini police fired tear gas and sound grenades after hundreds of Shi'ite youths demonstrated on Sunday against the death of a 15-year-old protester a day earlier in the Sunni-ruled Gulf island kingdom, residents and activists said.
The United States has signed a $3.5 billion sale of an advanced antimissile interception system to the United Arab Emirates, part of an accelerating military buildup of its friends and allies near Iran.
An Indian biopic, “The Dirty Picture”, on the life of “Silk” Smitha, a South Indian actress known for her erotic roles and films, has been banned by a Qatari agency in charge of censoring films to be screened in the country. The film has already been released in other Islamic nations, including Pakistan and the United Arab Emirates (UAE).
The Obama Administration signed an agreement to sell Boeing F-15 fighter jets to Saudi Arabia, an agreement proposed by Congress in 2010.
Saudi Arabia, the United Arab Emirates, Kuwait, Iraq, Qatar – as well as Iran - use the Strait to transport oil and/or natural gas exports.
U.S. February crude jumped 90 cents to $99.57 per barrel after reaching a high of $99.87. Brent February crude rose 46 cents to $108.17 per barrel. Trading volumes were light. The oil price increase was different than a week ago when Europe concerns pushed prices below $100.
Due to Kenya’s soaring unemployment rate, the men are easily fooled into this trap.
Hawa is apparently still determined to enroll in college.
The Strait of Hormuz has been in the news recently because the price of oil spiked on Tuesday after rumors that Iran might close the Strait of Hormuz, disrupting supplies from the Persian Gulf.To get through the Strait, tankers must pass through Iran's territorial waters.
The United Nations High Commissioner for human rights on Friday urged the UN Security Council to refer Syria to the International Criminal Court in the Netherlands following a reveal of evidence by an independent panel that suggests the country's security forces have committed crimes against humanity as it attempts to clamp down on an eight-month-old uprising.
A pro-democracy blogger who was jailed for insulting UAE leaders, then pardoned and released hours later, Thursday vowed to go on with his campaign work, sounding a rare note of defiance in the Gulf Arab oil state.
Following the example set by the Arab League and the U.S., Turkey on Wednesday slapped a series of economic and financial sanctions on Syria over the government's continued bloody crackdown on an eight-month uprising.
The escape route from risky peripheral euro zone debt into higher-yielding emerging markets is becoming increasingly tortuous, as the debt crisis marries the performance of all assets closer together.
The escape route from risky peripheral euro zone debt into higher-yielding emerging markets is becoming increasingly tortuous, as the debt crisis marries the performance of all assets closer together.
The United Arab Emirates, the world's fourth-largest oil exporter and home to gold trading hub Dubai, is rapidly becoming a force in trade of another highly valuable commodity: diamonds.
India's civil aviation minister ruled out a public bailout for India's Kingfisher Airlines or any other airline, urging private airlines in India to put their own house in order.
Mother-of pearl dashboards and diamond-encrusted hood ornaments at the Dubai International Motor Show this week underlined how the safe-haven status of the United Arab Emirates is fuelling dramatic growth in sales of luxury cars.