Middle East

  • OPEC Pumps Record Volumes Despite Iran SlideOPEC Pumps Record Volumes Despite Iran Slide

    March 09 2012 8:40 AM

    Europe's debt crisis and an oil price rally are the biggest threats to global oil demand this year, OPEC said on Friday, adding it was still pumping above its target despite a slide in Iranian production.

  • Rupee Up on Local Shares Gain, Capital Inflow HopeRupee Up on Local Shares Gain, Capital Inflow Hope

    March 09 2012 12:15 AM

    The rupee strengthened on Friday, helped by gains in local shares and hopes an improvement in global risk sentiment would bolster capital inflows.

  • Share What You Expect from Annual Budget 2012-13Share What You Expect from Annual Budget 2012-13

    March 08 2012 5:11 AM

    Finance Minister Pranab Mukherjee will present the annual budget in parliament on March 16. The Direct Taxes Code (DTC) will be in focus this year. What is your budget wishlist for this year?

  • Israel Welcomes Iran-World Power Talks, But Believes Military Strike Only Alternative to Solve IssueIsrael Welcomes Iran-World Power Talks, But Believes Military Strike Only Alternative to Solve Issue

    March 07 2012 9:54 AM

    Israel was guarded in its approach to the resumption of talks with Iran by the world powers on Wednesday. The six world powers including the United States, France, Britain, China, Germany and Russia had expressed their willingness to continue talks with Iran over its nuclear program. Iran had offered to open up a key military base for international inspections, which the world powers suspect would be used for a its secret nuclear program.

  • Obama Will Launch War on Iran to Get Re-Elected: TrumpObama Will Launch War on Iran to Get Re-Elected: Trump

    March 06 2012 1:30 PM

    Trump pointed out that launching a war on Iraq temporarily boosted the popularity of Obama’s predecessor in the White House, George W. Bush.

  • BSE Sensex Rises in Choppy Trade; Infosys LeadsBSE Sensex Rises in Choppy Trade; Infosys Leads

    March 06 2012 1:51 AM

    The BSE Sensex rose 1.7 percent on Tuesday as bargain hunting emerged after falling in the past two weeks, but trading was choppy and analysts were wary about sustaining the gains on doubts about the government's ability to push reforms.

  • Russian Election: Putin Back at Helm of Energy EmpireRussian Election: Putin Back at Helm of Energy Empire

    March 05 2012 3:39 PM

    Vladimir Putin declared victory in Sunday's election, but it remains to be seen how much power he'll wield over his country's vast stockpiles of oil and natural gas when he returns to the presidency in May.

  • Egypt-to-Israel Gas Pipeline Again SabotagedEgypt-to-Israel Gas Pipeline Again Sabotaged

    March 05 2012 3:26 PM

    Almost half of Egyptian gas is exported to Israel, much to the consternation of many anti-Israeli elements in the overwhelmingly Muslim nation

  • Iraq Oil Production to Hit Three-Decade HighIraq Oil Production to Hit Three-Decade High

    March 05 2012 11:11 AM

    Iraqi officials on Monday announced their country's oil production has exceeded 3 million barrels of oil a day, a level not seen in several decades.

  • Gasoline Prices Hit $3.77 Per Gallon, Hawaii Has the Highest Gas Price in U.S.Gasoline Prices Hit $3.77 Per Gallon, Hawaii Has the Highest Gas Price in U.S.

    March 05 2012 7:55 AM

    The nationwide average of gasoline prices are going north moving towards $4 mark per gallon.

  • Budget 2012-13: Expectations and ExigenciesBudget 2012-13: Expectations and Exigencies

    March 05 2012 4:56 AM

    The Union budget has always provided major policy direction which has been anxiously awaited by the common man and the industry. But over the years, the tax system has become more crystallised and yet expectations have not ceased. Check out expectations of Budget 2012-13.

  • BSE Sensex Falls by 1 Percent, Banks Lead LossesBSE Sensex Falls by 1 Percent, Banks Lead Losses

    March 05 2012 4:16 AM

    The BSE Sensex fell more than 1 percent on Monday on worries a lower-than-expected showing by the Congress party in the Uttar Pradesh elections would make it difficult for the government to revive stalled reforms.

  • India Should Hold Its Nerve on Stock AuctionsIndia Should Hold Its Nerve on Stock Auctions

    March 03 2012 6:00 AM

    New initiatives don't always succeed first time. The government's auction of 5 percent of Oil and Natural Gas Corp, the energy group, could have flopped had it not been for last-minute intervention from state-owned Life Insurance Company of India. But if Delhi learns the right lessons, the auction route could yet be an effective way of selling stakes in state-run firms.

  • U.S. Housing Sector, Fiscal Policy Pose Risks: IMFU.S. Housing Sector, Fiscal Policy Pose Risks: IMF

    March 02 2012 11:57 AM

    The U.S. economic recovery could be dented by a renewed drop in housing prices in the short term and the country lacks a credible, comprehensive fiscal plan, posing a major medium-term economic risk, a top IMF official said.

  • Iran’s Parliamentary Election Condemned as FarceIran’s Parliamentary Election Condemned as Farce

    March 02 2012 8:46 AM

    About 48-million people are eligible to vote for 290 seats in the Tehran parliament, the Majlis.

  • Choppy BSE Sensex Heading for 2nd Weekly FallChoppy BSE Sensex Heading for 2nd Weekly Fall

    March 02 2012 3:23 AM

    The BSE Sensex was on track for its second weekly fall in a row as the market seesawed on Friday after a muted response to a government stake sale in Oil and Natural Gas Corp (ONGC.NS) raised concerns about divestment programmes.

  • Crude Shoots Above $110 a Barrel on Explosion RumorsCrude Shoots Above $110 a Barrel on Explosion Rumors

    March 01 2012 5:43 PM

    A reported explosion on a Saudi Arabian pipeline sent crude prices soaring above $110 a barrel Thursday.

  • $5 Gas is High, But the Price is Much Higher in Many Foreign Countries$5 Gas is High, But the Price is Much Higher in Many Foreign Countries

    March 01 2012 5:13 PM

    Gas prices have risen to above $4 per gallon in many parts of the United States, sending economists into a tizzy about its impact on consumer spending, consumer confidence and the effects it will have on the housing market.

  • Strait of Hormuz: If Iran Closes It, Where Does Price of Oil Go?Strait of Hormuz: If Iran Closes It, Where Does Price of Oil Go?

    March 01 2012 4:50 PM

    Iran, faced with global trade embargoes and a possible attack by Israel on its nuclear installations, has threatened to close the Strait of Hormuz.

  • Oil Pushes $110 on Iran Concern, Economic DataOil Pushes $110 on Iran Concern, Economic Data

    March 01 2012 4:07 PM

    Brent crude rose above $124 per barrel and West Texas Intermediate rose as much as $1.11 to $110.55 per barrel on Thursday as upbeat economic data from China and the United States brightened oil demand prospects.