In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade.
Iran's state gas company said on Monday it had slashed supplies to neighbouring Iraq over arrears of more than $6 billion, after the Iraqi electricity ministry said the cuts placed Baghdad and other cities at risk of serious power shortages.
Dubai said Sunday it expects to cut its budget to $15.5 billion in 2021 after its economy was impacted by a plunge in tourism and other sectors amid the novel coronavirus pandemic.
Iraq's government has agreed to sign a $2.625 billion contract with South Korea's Daewoo Engineering & Construction to build the first phase at its planned Faw commodities port in the south of the country, a senior port manager said on Wednesday.
Oman will start reforming its expensive system of subsidies in January by shifting the focus of its electricity and water spending to its poorest citizens,...
Russian Foreign Minister Sergey Lavrov said Russia supplied 100,000 tonnes of wheat to Syria as humanitarian aid since the start of 2020 and plans to ship...
Saudi Arabia plans to cut more than 7 percent in spending next year, the finance ministry said, as the region’s biggest oil producer seeks to trim a gaping...
The leaders of Iran and Afghanistan on Thursday inaugurated the first railway link between the two countries, expressing hope it would enhance trade links...
The Lebanese pound fell against the dollar once again Saturday, trading at LL8,850 on the black market.
The Lebanese pound edged higher for a second day Friday, trading at LL8,750 to the dollar on the black market as a full lockdown to stem a surge of COVID-19...
Twitter's German-listed shares slumped 8% on the first trading day after it permanently suspended U.S. President Donald Trump's account late on Friday.
With uncertainties regarding U.S. elections fading, some investors expect company earnings and economic data to play a greater role in moving stock prices...
Trade between the United Arab Emirates and Israel could grow to at least $5 billion, the chairman of Dubai's biggest port operator said on Monday.
Iran has instructed its oil ministry to prepare installations for production and sale of crude oil at full capacity within three months, state media said on...
Iran's government presented a draft state budget of about $33.
The United Arab Emirates came out of OPEC heavyweight Saudi Arabia's shadow this week by demanding better adherence with oil supply cuts, effectively delaying...