Mumbai, May 7 (IANS) Indian benchmark indices ended largely flat on Thursday after trading in a narrow range throughout the session, even as broader markets outperformed and auto stocks witnessed buying interest.The Nifty slipped 4.30 points, or 0.02 per cent, to close at 24,326.65, while the Sensex declined 114 points, or 0.15 per cent, to settle at 77,844.52.Commenting on technical outlook, experts said that technically, the 24,400–24,500 zone continues to act as an immediate resistance band…
Latest Gulf News & Updates
Washington, May 6 (IANS) US President Donald Trump said “Project Freedom” — the American-led movement of ships through the Strait of Hormuz — has been paused temporarily after what he described as progress in negotiations with Iran and requests from Pakistan and other countries.“Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been ma…
Washington, May 6 (IANS) The United States has proposed a UN Security Council resolution accusing Iran of threatening global shipping and destabilising one of the world’s most critical energy routes, the Strait of Hormuz. US Secretary of State Marco Rubio said on Tuesday that the Trump administration, working with key Gulf allies, had drafted the resolution to defend freedom of navigation in the strategic waterway through which a major share of global oil shipments passes.”The Islamic Republic o…
Washington, May 5 (IANS) The current US-Iran standoff in the Strait of Hormuz has left thousands of commercial vessels stranded, disrupting global trade and threatening energy supplies, with potential ripple effects for import-dependent economies like India.US officials said more than 22,500 mariners aboard over 1,550 commercial vessels are currently unable to transit the region due to Iranian attacks and threats to shipping.The Strait of Hormuz, a narrow but critical waterway between Iran and O…
New Delhi, May 5 (IANS) India on Tuesday condemned the attacks on the United Arab Emirates (UAE), in which three Indian nationals were injured and called for the immediate cessation of the hostilities and the targeting of civilians and civilian infrastructure. Three Indian nationals were injured in attacks in Fujairah on Monday (local time). The UAE held Iran responsible for these attacks.In a statement, the Ministry of External Affairs said, “The attack on Fujairah that resulted in injury to th…
New Delhi, May 4 (IANS) Ministry of External Affairs (MEA) said on Monday that it is monitoring the developments in West Asia and their efforts are focused on ensuring the safety and welfare of the Indian community in the region. While addressing an inter-ministerial briefing on recent developments in West Asia on Monday, Aseem R Mahajan, Additional Secretary (Gulf), MEA, stated that Indian embassies and consulates are operating round the clock helplines to provide assistance to people. He state…
New Delhi, May 4 (IANS) The ongoing geopolitical tensions in West Asia, which began in February, have impacted the aviation sector, with Dubai International Airport seeing a steep decline in passenger traffic in March, according to reports.Volumes were reportedly decreased by 66 per cent amid disruptions linked to the conflict in Iran.Moreover, the sharp fall dragged first-quarter traffic down to 25 lakh passengers, a decline of 21 compared to the year-ago period.The world’s busiest internatio…
Tehran, April 30 (IANS) Iranian President Masoud Pezeshkian said on Thursday that Tehran is ready for the path of diplomacy if Washington changes its approach, local media reported.He emphasised the readiness to pursue the diplomatic process if the US changes its excessive approach and provocative actions.In a phone call with Japanese Prime Minister Sanae Takaichi, Pezeshkian attributed the current insecurity in the Gulf and the Strait of Hormuz to the actions of the United States and Israel, st…
New Delhi, April 30 (IANS) An instability persists across the Middle East from Gaza to the Gulf, regional voices are increasingly warning that the real threat is no longer confined to state rivalries, but lies in the growing convergence of terror networks and ideological movements. Amidst this, India is beginning to be seen as a potential balancer. In an interaction titled “Crisis in the Middle East: Are We Entering a New Regional Order?”, Egyptian parliamentarian Mohamed M Farid told think-tank…
Islamabad, April 26 (IANS) For Islamabad, it would be wiser to “redirect its diplomatic initiatives toward internal stabilisation rather than focusing on mediating distant conflicts”, an opinion piece in the local media said.The neighbouring country has attempted to mediate between the US and Iran amid the West Asia conflict.In the middle of the war in the Middle East, Pakistan and China had announced a Five-Point Initiative for restoring peace and stability in the Gulf and the wider Middle East…