New Delhi, July 23 (IANS) War-risk insurance premiums for vessels operating on Gulf shipping routes have risen sharply amid escalating geopolitical tensions in West Asia, according to a report released on Thursday.As per analysis of Equirus Raghnall Insurance Broking, war-risk premiums on high-risk shipping routes have increased by 200-300 per cent in recent months and, in some cases, by more than 1,000 per cent.Premiums for the riskiest voyages have reportedly climbed from around 0.2-0.5 per ce…
Latest West Asia News & Updates
Manila, July 23 (IANS) Russian Foreign Minister Sergei Lavrov held a meeting with US Secretary of State Marco Rubio on the sidelines of the Association of Southeast Asian Nations (ASEAN) ministerial meetings in Manila on Thursday and expressed Moscow’s readiness to resolve the conflict in Ukraine and its commitment to the agreement reached in Anchorage, local media reported. During the meeting, Lavrov briefed Rubio about the current situation along the combat line and emphasised the importance o…
Washington, July 23 (IANS) President Donald Trump has said that Iran was “not ready to make a deal” over its nuclear programme despite suffering heavy military pressure, asserting that Tehran continued to change its negotiating position even as the United States remained determined to prevent it from acquiring a nuclear weapon. Paying tribute to four American service members killed in the conflict with Iran, Trump, at a campaign-style rally in Georgia on Wednesday (local time), defended his admi…
New Delhi, July 22 (IANS) India and UAE held the 7th Joint Committee on Consular Affairs meeting in New Delhi on Wednesday, where both sides agreed to deepen cooperation in all consular matters, including mobility, extradition and mutual legal assistance. During the meeting, the Indian side expressed appreciation for the measures taken by the UAE authorities to ensure welfare and well-being of the Indian community living there.In a post on X, Ministry of External Affairs (MEA) spokesperson Randh…
Mumbai, July 22 (IANS) Domestic equity markets ended sharply lower on Tuesday, extending losses for a third straight trading session, as selling pressure in realty and PSU banking stocks, along with rising crude oil prices amid tensions in West Asia, weighed on investor sentiment.The Sensex declined 715.06 points, or 0.92 per cent, to close at 76,755.05, while the Nifty fell 191.45 points, or 0.79 per cent, to settle at 23,996.25, slipping below the psychologically important 24,000 level.Comment…
Mumbai, July 21 (IANS) Indian benchmark equity indices ended lower for the second consecutive session on Tuesday, dragged down by losses in information technology and public sector banking stocks as investors remained cautious amid continuing geopolitical tensions in West Asia.The Sensex declined 238.41 points, or 0.31 per cent, to settle at 77,470.11, while the Nifty fell 51 points, or 0.21 per cent, to close at 24,187.70.Commenting on Nifty technical outlook, experts said that immediate suppor…
Mumbai, July 21 (IANS) Arvind Fashions, the Indian retailer behind premium apparel brands including Arrow, Calvin Klein and Tommy Hilfiger, on Tuesday reported a 23.8 per cent decline in consolidated net profit for the first quarter of FY27, as higher costs weighed on earnings despite strong revenue growth.The company’s net profit fell to Rs 9.6 crore in the quarter ended June 30, compared with Rs 12.6 crore in the corresponding quarter of the previous financial year (Q1 FY26), according to its …
Islamabad, July 20 (IANS) The Karachi Goods Carriers Association (KGCA) have rejected the recent hike in prices of petrol and diesel and warned of a nationwide wheel-jam strike if the decision is not withdrawn within 24 hours, local media reported on Monday. Speaking at a press conference on Sunday, KGCA General Secretary Nadeem Akhtar Arain said transporters would stop movement of goods, close offices and launch a nationwide protest in coordination with transport bodies across Pakistan.He said …
New Delhi, July 20 (IANS) Prime Minister Narendra Modi on Monday said that India maintaining a growth rate of 7.7 per cent despite the West Asia crisis reflects India’s “inherent strength” and “offers a reflection of the enthusiasm and zeal” with which India aspires to achieve new milestones.Addressing the media at the start of the Monsoon Session of Parliament, PM Modi said, “Everyone is aware, and the world is concerned about the threat of war in various regions. The war in West Asia has posed…
New Delhi, July 20 (IANS) Prime Minister Narendra Modi on Monday said that amid global uncertainties, India requires the knowledge of experienced parliamentarians to ensure the Parliament functions smoothly, to facilitate meaningful discussions, and to foster a collective determination to advance the nation. He said that India maintaining a growth rate of 7.7 per cent despite the West Asia crisis reflects the country’s “inherent strength” and “offers a reflection of the enthusiasm and zeal” with…