New Delhi, May 15 (IANS) The United Arab Emirates (UAE) has issued a sweeping condemnation on Friday of what it called a “terrorist attack” targeting an Indian-flagged ship off the coast of Oman, as Prime Minister Narendra Modi will visit the Gulf nation later today for a high-stakes bilateral visit. In a sharply worded statement released on its official social media channels, the UAE’s Ministry of Foreign Affairs (MoFA) said the assault on the vessel, operating under the Indian flag near …
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New Delhi, May 14 (IANS) Leaders across the world have started raising the alarm over the energy shortage due to the Iran war and the wider economic disruption that is being caused in its wake, and Singapore’s Prime Minister Lawrence Wong has now warned that the West Asian crisis is not likely to end anytime soon, and the adverse economic fallout is expected to deepen.Wong has pointed out that the Strait of Hormuz has been closed for more than two months, and the impact is being felt not just in…
New Delhi, May 12 (IANS) India will be supplying fertiliser to Nepal as a request has been received from Kathmandu amid the supply disruptions that the Himalayan country is facing due to the West Asian conflict, Ministry of External Affairs spokesperson Randhir Jaiswal said on Tuesday. “We have received a request from Nepal for the supply of fertilisers. This is being processed within the existing framework of cooperation,” Jaiswal said in the MEA’s weekly briefing.Nepal is sourcing 80,000 ton…
Nairobi, May 11 (IANS) UN Chief Antonio Guterres on Monday appealed for the Strait of Hormuz to be completely open and the ceasefire to be maintained. “My strong appeal is for the negotiations to go on until that diplomatic solution is found, the ceasefire to be maintained, and in between, the Strait of Hormuz to be completely open…Any restart of the fighting would have terrible consequences,” Guterres said while attending a groundbreaking ceremony for a conference facility at the UN offic…
New Delhi, May 8 (IANS) The Tata Group-backed Air India board has discussed a range of cost-cutting measures, including possible furloughs and deferment of performance-linked bonuses, as the airline grapples with mounting losses and rising operating pressures amid the ongoing West Asia conflict, as per multiple reports.The meeting that was held at the airline’s headquarters in Gurugram, lasted for more than three hours and focused on the carrier’s financial position, cost rationalisation ini…
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…
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…