Bloomberg India’s windfall tax on domestic crude oil production and fuel exports may help the government bring in 1 trillion rupees ($12.7 billion) in revenues, Press Trust of India (PTI) reported. The federal government’s latest levies could help it recoup most of the revenues lost from fuel excise duty cuts announced in May this year, according to the news agency, citing ...

  ABU DHABI / WAM The UAE has expressed its sincere condolences and solidarity with the Islamic Republic of Iran over the earthquake that struck the south of the country, and caused dozens of casualties. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) expressed its sincere condolences to the government of Iran and its people, and to the families ...

  Baghdad / WAM The Iraqi Ministry of Oil announced that the revenues achieved during the month of May amounted to more than $11 billion. A statement by the ministry, received by the Iraqi News Agency (INA), stated that “the Ministry of Oil announces the total exports and revenues achieved for the month of May, according to the preliminary statistics ...