Israel said on Tuesday that it had eliminated Iran’s security chief Ali Larijan, while a senior Iranian official revealed that the country’s new supreme leader Mojtaba Khamenei had turned down proposals aimed at easing tensions that were passed on through intermediaries, insisting that Israel and the United States must first be “brought to their knees”,…
Loud explosions were heard in Dubai city of United Arab Emirates on Friday, shaking buildings in the central parts of the city and spreading a thick cloud of black smoke. This happened near the Burj Khalifa building. An AFP correspondent said he heard a huge double blast, which shook buildings and left a huge cloud…
The US stock market is likely to open with deep cuts in Monday’s trading session, March 9, as futures of the three key averages — the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite — are trading lower by 1%, 1.1%, and 1%, respectively, in pre-market trade, as the ongoing conflict exacerbates inflation fears….
United Arab Emirates President Mohamed bin Zayed Al Nahyan has said the country is now “in a time of war” in his first public remarks since the regional conflict involving Iran escalated across the Gulf and the Middle East. In a strongly worded message, the Emirati leader stressed that the UAE remains resilient and prepared…
Dubai International Airport (DXB) on Saturday announced that it was suspending all operations temporarily after an aerial interception in the area during attacks from Iran. “For the safety of passengers, airport staff, and airline crew, operations at Dubai International (DXB) have been temporarily suspended,” the government’s Dubai Media Office said in a social media post….
The US stock market is likely to open lower in Friday’s trading session, March 6, as the futures of three key averages, including the S&P 500, Dow Jones Industrial Average, and Nasdaq, are trading lower by 0.6%, 0.5%, and 0.7%, respectively, in pre-market trade, as the ongoing conflict in the Middle East has put risky…
Global crude oil prices are on track to register the biggest weekly surge in four years as the war in the Middle East has unleashed a wave of disruption across energy markets, with maritime traffic in the Strait of Hormuz grinding to a near-complete halt, which has kept crude oil prices in a boiling zone….
Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL), and Bharat Petroleum Corporation (BPCL) — the state-run oil marketing companies (OMCs) — are likely to take a hit on auto fuel marketing margins if crude oil prices stay elevated in the near term. The US-Israel attacks on Iran and the counterattacks by Tehran have driven crude…
The rupee saw a steep loss of 42 paise to settle at 91.50 (provisional) against the US dollar on Monday after US and Israeli attacks on Iran intensified worldwide risk aversion, setting crude oil prices on fire and demand for the American currency soaring. Massive selling in domestic equity markets and withdrawal of foreign funds…
Iran faced widespread criticism from several Muslim-majority countries as well as non-governmental and religious organizations after it carried out retaliatory strikes on US and Israeli military bases located in several Muslim neighboring nations on Saturday, following the US-Israel attacks on Tehran. The Kingdom of Saudi Arabia said Iran hit Riyadh and its eastern region with…
