India ditches dollar to bypass sanctions on Russian oil
NEW DELHI: Indian refiners are now using Emirati dirhams instead of US dollars to pay for most of the Russian oil they purchase via traders based in the United Arab…
Iran To Help Venezuela Overhaul Major Refinery Complex
CARACAS: Venezuela’s Paraguana refinery complex is soon to begin a 100-day overhaul to reclaim its crude distillation capacity, anonymous Reuters sources suggested on Friday, with work set to be completed…
Indo-Russian venture completes production of AK-203 first batch
New Delhi: Indo-Russian Rifles Private Limited (IRRPL) – a joint venture between Russia and India to manufacture AK-203 assault rifles for the Indian Armed Forces – has completed the production…
Saudi Arabia launches free four-day visa
Riyadh: Saudi Arabia’s Ministry of Foreign Affairs launched an electronic four-day transit visa on Monday for those arriving in the kingdom by air. The visa will be issued free of…
Australia to remove Queen Elizabeth’s image on $5 note
ANKARA , Feb 2 (AA/APP): The Australian central bank on Thursday announced that the portrait of Queen Elizabeth II would be removed from the 5-dollar currency note after her death…
Half a million strike in UK as cost-of-living crisis bites
London, Feb 1 (AFP/APP): Half a million people stopped work over pay in Britain on Wednesday leaving transport networks paralysed and thousands of classrooms empty in the largest walkout in…
US chipmaker Wolfspeed to open a plant in Germany
Frankfurt, Germany, Feb 1 (AFP/APP): US chipmaker Wolfspeed said Wednesday it will open a plant in Germany to support the car industry’s shift to electric vehicles, as Europe seeks to…
Lebanon to devalue the currency by 90%
BEIRUT: Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, Riad Salameh, the central bank governor, said. The new rate marks a…
Iran Russia link banking systems
TEHRAN: Iran and Russia have connected their inter-bank communication and transfer systems to help boost trade and financial transactions, a senior Iranian official said on Monday, as both Tehran and…
Russian Kalashnikov rifle gets an upgrade
MOSCOW: Russia’s Rostec defense consortium has finalized an upgrade of the Kalashnikov AK-12 assault rifle and will begin production of the latest model this year. It is the fifth generation…