Business Recorder

Iran accuses US of violating ceasefire over past 48 hours

TEHRAN: Iran’s foreign ministry on Tuesday accused the United States of violating a fragile ceasefire during the past 48 hours in the southern coastal province of Hormozgan, without specifying the incident. The accusation comes after US Central Co…

#IranianForces #IranianRevolutionaryGuards #CENTCOM #Israel #Iran

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Indian govt to sell up to 2% stake in Coal India via offer for sale

The Indian government will sell a stake of up to 2% in Coal India via an offer for sale (OFS), an exchange filing by the company showed on Tuesday. The OFS consists of a base offer of up to a 1% equity stake in the state-run coal miner, with an op…

#NarendraModi #India

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Afghanistan’s spin king Rashid to miss India Test

KABUL: Afghanistan’s Rashid Khan will miss a one-off Test against India next month but selectors on Tuesday included the ace spinner in the squad for the three-match one-day series. The 27-year-old spinner was advised to cut down on long-format cr…

#RashidKhan #Afghanistan #India

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Pakistan plans oil reserves, storage push as Hormuz constraints expose vulnerabilities

KARACHI: Pakistan plans to boost domestic storage for crude oil and refined products to increase its energy security, according to a government document that was shared with oil producers and some of the world’s leading trading firms. Despite depe…

#OilProfits

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US strikes fuel concern over Iran deal talks

TEHRAN: US forces launched overnight strikes on missile sites in southern Iran and boats they said were trying to lay mines in Gulf waters, sending oil prices higher Tuesday and fuelling tension as diplomats sought a deal to end the war. The inter…

#USStrikes #IranDeal

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India’s share benchmarks slip as Mideast peace deal hopes ebb

India’s equity benchmarks fell on Tuesday as fresh U.S. strikes on Iran dampened hopes of an imminent peace deal to end the three-month-long Iran war that has upended the inflation and growth outlook for Asia’s third-largest economy. The Nifty 50 …

#India #MiddleEast

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Iran judiciary suspends presidential body after it ordered internet restored

TEHRAN: Iran’s judiciary on Tuesday suspended a presidential body that had ordered the restoration of internet access after months of near-total blackout since the war with the United States and Israel. The judiciary’s Mizan Online website said th…

#Iranians

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Indian rupee slips with Asian peers as hopes of imminent US-Iran peace deal falter

MUMBAI: The Indian rupee slipped on Tuesday as crude oil prices rebounded on waning optimism about the chances of an imminent U.S.-Iran peace deal. The rupee dipped nearly 0.5% to end at 95.68 per dollar, snapping a three-session winning streak.Th…

#Iranians

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Fauji Fertilizer inks $1.12bn project under CPEC 2.0

Pakistan’s leading fertilizer manufacturer Fauji Fertilizer Company Limited (FFC) has signed the Front-End Engineering Design (FEED) agreement with a Chinese company, for what it termed as Pakistan’s first coal-to-fertilizer project under the Chin…

#FaujiFertilizer #CPEC

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Iran media says negotiators seek $24bn asset release in US deal

TEHRAN: Iranian media said on Tuesday that Tehran’s negotiators were seeking the release of around $24 billion in frozen assets abroad as part of a process aimed at ending the war with the United States. The report by Tasnim news agency came as a …

#Iran #US #AssetRelease