More than 80 soldiers killed in Yemen missile, drone attack
Saturday's strike follows months of relative calm in the war between the Iran-backed Huthis and Yemen's internationally recognised government, which is backed by a Saudi-led military coalition. The Huthis attacked a mosque in a military camp in the central province of Marib -- about 170 kilometres (105 miles) east of the capital Sanaa.
IndiGo to start flights to Dammam from three Indian cities
"The airline will operate a total of 10 daily direct flights connecting Dammam wit...
Oil extends decline as supply disruption fears recede
Brent crude was down 11 cents, or 0.19 per cent, at $64.08 per barrel
Saudi Arabia eases visa rules for Indian tourists
Any Indian holding a valid US, UK or Schengen and travelling by Saudi national carrier for tourism will be offered visa-on-arrival in Saudi Arabia.
Citi sees better year for commodities, but flags 7 risks
2020 is shaping up to be a better year for commodities than previously feared, says Citi.
Qaboos, the sultan who shielded Oman from region's turmoil
Oman is strategically located on the Strait of Hormuz -- the narrow seaway through which much of the world's oil supply passes -- and between regional rivals Iran and Saudi Arabia. Qaboos maintained good ties with both nations, a balancing act that made his capital a must-stop for Western and Arab diplomats as well as military chiefs alike.
Oil prices to stay around $60 a barrel as there is a huge surplus in market: Fatih Birol, IEA
The Iranian General was killed in Iraq this week but oil prices are still around $60! In the past, if just only of these things had happened, we would have seen oil prices skyrocketing. The only one reason why prices do not change or remain around $60 is because there is a huge amount of surplus oil in the market.
Saudi Arabia may cut light crude prices to Asia in February
Saudi Aramco officials as a matter of policy do not comment on the kingdom's monthly OSPs.
Airlines reroute or cancel flights
The FAA barred US carriers from airspace over Iran, the Gulf of Oman and the waters between Iran and Saudi Arabia.
In concession to Pakistan, Saudi Arabia to host OIC meet on Kashmir
In a move that could impact ties with India, Saudi Arabia has agreed to hold a special foreign ministers’ meeting of the Organisation of Islamic Cooperation (OIC) devoted to Kashmir after it persuaded Pakistan to back out of an Islamic summit hosted by Malaysia last week.
No crisis, preparing to deal with all kinds of situation: Pradhan on heightened US-Iran tensions
India is 84 per cent dependant on imports to meet its oil needs and any spike in global prices has a direct bearing on its economy. Not just imports but even domestic crude oil -- which forms the raw material for making petrol, diesel and other petroleum products -- is priced according to international benchmarks.
Saudi Aramco hits new low on US-Iran tensions
Shares of Saudi Aramco opened at 34 riyals ($9.06) on Wednesday after Iran launched missiles on US targets in Iraq. Saudi stocks also dropped 1.4 per cent, following across-the-board selling in Gulf markets amid escalating tensions between the United States and Iran.
Keep the powder dry, wait and watch US response, say analysts
Iran said it does not seek an escalation or war, but analysts see some retaliation by the US.
Pakistan set to miss 4% GDP growth: Central Bank
The large-scale manufacturing sector in the country witnessed a decline of 5.9 per cent in Q1-FY20 on YoY basis. This contraction was broad-based, as construction-allied industries, petroleum and automobile industries continued on downward path.
US-Iran standoff to pull down Indian equities: ICICI Pru
Last year's drone attacks on Saudi Arabian oil assets was presumed to be the trigger for a rally in crude
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service