Basmati prices may fall 5–10% as Strait of Hormuz closure hits exports"After the interim (US-Iran) peace deal was announced, exporters started buying basmati rice in good quantities for shipment to the Middle ...
22 Jun, 2026, 12.19 AM IST
Indian refiners increase Russian and UAE oil imports ahead of Hormuz recoveryIndia's crude oil imports hit a milestone in June, as Russia emerged as the primary supplier, followed closely by the UAE's near-record imp...
21 Jun, 2026, 11.46 AM IST
Iraq projects oil production to return to pre-war levels within two monthsIraq anticipates a swift return to pre-war oil production levels within two months, following a recent US-Iran deal that eased the Strait o...
20 Jun, 2026, 05.17 PM IST
Jio IPO: Meta, Google among 10 global investors that backed billionaire Mukesh Ambani’s digital giantWhile Reliance Industries remains firmly in control with a 66.43% stake, the shareholder register reads like a who's who of global technolo...
20 Jun, 2026, 03.19 PM IST
Reliance unveils India's biggest IPO plan as Jio Platforms files DRHPJio Platforms, Reliance Industries' digital arm, has filed for India's largest-ever public issue, aiming to raise a record $4 billion. This...
20 Jun, 2026, 07.31 AM IST
Man Industries bullish on Gulf after US-Iran truceIndian construction companies are set to gain from Middle East rebuilding. Man Industries acquired a Saudi Arabian firm, boosting its capac...
19 Jun, 2026, 11.19 AM IST
Saudi Arabia limits instant work visas for new businessesSaudi Arabia has introduced new rules for instant work visas. Newly established businesses can now get up to five visas. Older companies ca...
18 Jun, 2026, 10.45 AM IST
US quietly allows waiver on Russian oil to expireAmerica's Treasury has not extended sanctions waivers on Russian oil. This waiver expired at midnight. President Trump has not confirmed if...
17 Jun, 2026, 10.16 PM IST
TotalEnergies' Saudi Arabia refinery will not be fully repaired until early 2027, CEO Patrick Pouyanne tells French lawmakersTotalEnergies' SATORP refinery in Saudi Arabia is operating at reduced capacity after drone attacks. Full repairs are expected by early 202...
17 Jun, 2026, 03.05 PM IST
Hormuz reopening seen unleashing pent-up Gulf grain demandThe region relies heavily on imported food. A rush of grain is expected to reach these nations.
17 Jun, 2026, 10.44 AM IST
US–Iran peace deal to reopen Strait of Hormuz brings relief to trade: EEPCThis development is expected to significantly boost global trade, particularly for India, by easing logistics disruptions and costs for ene...
16 Jun, 2026, 02.31 PM IST
Muharram 2026 Date in India: When is the month of Muharram starting in Saudi Arabia and India?The Islamic New Year 1448 AH has begun in several Arab nations on Tuesday, June 16, 2026, with India and South Asian countries awaiting loc...
16 Jun, 2026, 10.12 AM IST
Exports rise 18% to 6-month high in May; trade deficit widensIndia's merchandise exports reached a record $45.2 billion in May. Imports also grew, leading to a trade deficit of $28.21 billion. Commerc...
16 Jun, 2026, 12.17 AM IST
In new crude world order, US is largest exporter of crudeAmerica's ascendancy to the top spot marks a stunning reversal for a country that was dependent on West Asian oil for decades and suffered ...
12 Jun, 2026, 01.28 AM IST
Why India is the centerpiece of LG's multi billion-dollar vision for the Global SouthLG India growth strategy and consumer electronics market expansion: LG Electronics is targeting a significant revenue increase in India, Sa...
11 Jun, 2026, 12.15 PM IST
Saudi Arabia issues new property ownership rules for foreign companiesSaudi Arabia has updated rules for foreign companies wanting to buy property. These companies do not need to conduct business in the Kingdo...
07 Jun, 2026, 12.36 PM IST
Air India, Riyadh Air sign agreement to expand premium travel options between India, Saudi ArabiaIndia's leading global airline, Air India, and Saudi Arabia's new national carrier, Riyadh Air, have signed a Memorandum of Understanding (...
05 Jun, 2026, 10.59 PM IST