India’s Offshore Tech Hubs Hit $98.4 Billion Revenue in FY26, Nearing 2030 Forecast, Report Says.
India’s offshore technology centers are expected to have generated $98.4 billion in revenue for fiscal 2026, nearing levels earlier projected for 2030, […]
Iraq Offers Huge Discounts for Crude Shipments via Hormuz.
OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official selling prices for its crude […]
Saudi ADES expands Africa’s footprint with $92.7m Seplat offshore contract.
The agreement covers the operation of the Shelf Drilling Victory rig for an initial period of two years, with options for extension. […]
OCBC to buy HSBC Indonesia’s wealth, premier banking business in first major deal under new CEO.
OCBC Bank has struck a deal to acquire parts of HSBC’s wealth and premier banking portfolio in Indonesia, adding over 300,000 customers to […]
Indonesia, China launch cross-border QRIS payment to boost regional financial cooperation.
Indonesia and China have launched cross-border QR interoperability, marking a significant milestone in deepening financial cooperation and accelerating digital payment integration between […]
UAE says OPEC exit unlocks faster growth, $55B oil push.
The United Arab Emirates said its decision to leave OPEC will give it more freedom to ramp up investment and expand its […]
EU and US trade chiefs to meet as tariff tensions escalate.
European Commissioner for Trade Maroš Šefčovič is scheduled to meet his US counterpart Jamieson Greer on Tuesday amid rising tensions between the […]
UAE, Qatar seek new Gulf-Asia trade corridor in landmark agreement with South Korea.
The United Arab Emirates signed a new trade agreement with South Korea the day after it left OPEC, cutting tariffs on most […]
$125 Oil Could Tip Global Economy Into Recession.
Elevated oil prices for a sustained period of time would tip the global economy into a recession, Moody’s Analytics’ head of international […]
Asia, Europe abandon Suez Canal route as Middle East tensions drive record traffic around Africa.
New data show that tanker traffic around the Cape of Good Hope reached a record 24 million deadweight tonnes in the week […]
Brent oil rises 7% on report US considering military options to break Iran deadlock.
Brent oil prices rose as much as 7% on Thursday on a report that the US is considering potential military action against Iran to break the deadlock […]
Brent Breaks $113 as Traders Brace for Months of Disruption.
Oil prices continued to climb in early Asian trade on Thursday, with traders pricing in a prolonged disruption to Middle East supply […]