Gulf | Pakistan

Iran’s Revolutionary Guards confirmed on Saturday that they had seized an oil tanker in the Gulf as it sailed away from a UAE port, a day after security companies determined they were likely responsible. “Yesterday morning at 7:30, after a judicial authority ordered the seizure of the cargo of an oil tanker with the trade name Talara and the flag of the Marshall Islands, the Islamic Revolutionary Guard Corps (IRGC) rapid reaction units of the naval forces monitored its movements and intercepted and seized it,” said the IRGC. “The tanker was found to be in violation of the law by carrying unauthorised cargo,” the statement continued, adding it “was carrying 30,000 tonnes of petrochemical cargo and was heading to Singapore”. The Iranian news agency Fars said that action was not taken as a measure against any other nation, but was a purely local matter. The seized cargo, the report said, was made up of Iranian-produced petrochemicals being illegally exported and “the main culprit was an Iranian individual or bus...

Iranian forces on Wednesday warned a US destroyer to stay out of waters claimed by Tehran, state television reported, an interaction a US defence official said was “safe and professional” and did not affect the ship’s mission. The exchange in the Gulf of Oman between the two rivals comes a month after the United States […]

Five private companies on Friday proposed routes for the newly announced ferry service from Gwadar to the Gulf region, according to the maritime ministry. On July 1, the Ministry of Maritime Affairs announced an ambitious plan to expand Gwadar Port’s operational capacity by introducing additional shipp­ing lines and launching a ferry service connecting Pak­istan with Gulf Cooperation Council countries. The move is expected to provide an affordable, direct maritime link for passengers and cargo, particularly benefiting expatriate communities and cross-border traders. Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry chaired a meeting on the ferry service today to review the “technical and financial aspects of ferry operations”, a statement by his ministry said. “Five private companies presented their proposals,” the statement added. “The interest of the private sector in ferry service has increased,” Chaudhry said, adding that various routes were under consideration. “The ferry service will promote ...

Posts from multiple users on social media platforms since July 9 alleged that a newly announced ferry service set to be launched from Gwadar to Gulf countries costs between Rs25,000 to Rs30,000. However, the maritime ministry said the fares have yet to be decided and the matter is still under negotiation. On July 1, the Ministry of Maritime Affairs announced an ambitious plan to expand Gwadar Port’s operational capacity by introducing additional shipp­ing lines and launching a ferry service connecting Pak­istan with Gulf Cooperation Council countries. The move is expected to provide an affordable, direct maritime link for passengers and cargo, particularly benefiting expatriate communities and cross-border traders. On July 9, an online news portal, focused on developments about Kuwait and the Middle East, said in a post on Facebook that the fares of a ferry service between Gwadar and Gulf countries would be Rs25,000 to Rs35,000. The post was captioned: “Pakistan has announced the imminent launch of a direct l...

Pakistan International Airlines (PIA) has temporarily suspended its flight operations to several Gulf countries amid escalating tensions in the Persian Gulf region.

Oman issued a royal decree to become the first country in the Gulf to impose a personal income tax, its tax authority said on Sunday, as the small oil producer works to diversify its revenue stream. Oman, among the smaller Gulf economies, launched a medium-term fiscal programme in 2020 to reduce public debt, diversify revenue sources and spur economic growth, which has improved public finances. The sultanate, which still remains largely reliant on oil revenue, will impose a five per cent tax on taxable income for individuals earning over 42,000 Omani rials ($109,091) per year starting from 2028, according to the decree. “The law also includes deductions and exemptions that take into account the social situation in the Sultanate of Oman, such as education, healthcare, inheritance, zakat, donations, primary housing,” the country’s tax authority said in a statement. According to the state-run Oman News Agency (ONA), the plan also contributes to the objectives of Oman Vision 2040 by diversifying income sources an...

President Donald Trump on Thursday pledged to strengthen US ties to the United Arab Emirates on a visit to the Gulf state that is expected to deepen cooperation on artificial intelligence. Trump began a visit to the UAE on the latest stage of a tour of wealthy Gulf states after hailing plans by Doha to invest $10 billion in a US military facility during a trip to Qatar. “I have absolutely no doubt that the relationship will only get bigger and better,” Trump said in a meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan. “Your wonderful brother came to Washington a few weeks ago and he told us about your generous statement as to the 1.4 trillion,” Trump said, referring to a UAE pledge to invest $1.4tn in the US over 10 years. Trump was referring to Sheikh Tahnoon bin Zayed Al Nahyan, Sheikh Mohamed’s brother and the UAE’s national security adviser and chairman of two of Abu Dhabi’s deep-pocketed sovereign wealth funds. “And all I can say is thank you very much,” Trump added. “We will work very hard t...