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The UAE accounts for 12% of OPEC's output, but tensions had been simmering over intragroup rivalries and the country wanting to export more oil.
The deal, announced as a nonbinding memorandum of understanding last September, would have seen the PIF inject up to $200 million into the opera...
European and Asian airlines have been most impacted by the closure of the Strait of Hormuz, which is throttling jet fuel supplies.
At least 19 Iran-linked tankers have passed through the US blockade on the strait to exit the Gulf while at least 15 have entered, according to the...
The Gulf country apparently wanted reassurances from Washington in case its economy is severely damaged by the Iran war.
In a post on Truth Social on Sunday, US President Trump said the US Navy fired at and seized an Iranian-flagged cargo ship in the Gulf of Oman.
Iran’s foreign minister said on Friday that commercial shipping through the Strait of Hormuz will remain secure for the duration of the...
Soaring energy prices can be expected to remain volatile while the US begins its blockade of the Strait of Hormuz.
Futures traded as high as $1,498 a ton, or more than $200 a barrel, soaring as much as 9.7% in London on Thursday.
Jordanian Prime Minister Jafar Hassan announced Monday that the use of air conditioning and heating equipment in ministries, government departments...
Jordanian Prime Minister Jafar Hassan announced Monday that the use of air conditioning and heating equipment in ministries, government departments...
Jordanian Prime Minister Jafar Hassan announced Monday that the use of air conditioning and heating equipment in ministries, government departments...
Non-Middle Eastern energy firms have been particularly benefiting as energy flows have been choked off from the Gulf.
An Iranian lawmaker told Fars News Agency that Tehran plans to charge ships tolls to ensure safe passage through the Strait of Hormuz, formalizing the...
In a Truth Social post, US President Trump said that Washington and Tehran “have had, over the last two days, very good and productive conversations...
In a Truth Social post, US President Trump said that Washington and Tehran “have had, over the last two days, very good and productive conversations...
Between March 1 and March 19, there were only 114 crossings of the strait, according to analytics firm Kpler — 95% less than prewar traffic.
International Energy Agency head Fatih Birol said Asian members were releasing more than 100 million barrels of crude to stabilize markets
The latest spike is the second time in a week that oil prices have climbed above $100 a barrel.
The latest spike is the second time in a week that oil prices have climbed above $100 a barrel.
The move would mark the agency's largest ever release of oil reserves to stabilize the global market.
Dozens of Emirati flights were forced to hold or diver after the country's Defense Ministry said it had intercepted six ballistic missiles and 125...
The Emirati businessman condemned the US president, a former business partner, for his “dangerous” attack on Iran and asked whether he had stopped...
Nearly 1,900 of more than 5,450 flights scheduled to the Middle East were canceled Tuesday, according to aviation analytics firm Cirium.
The shift comes in reaction to the growing possibility of a military confrontation between the United States and Iran.
The South Asian country is seeking to attract international investment as it recovers from a severe economic crisis.
FIFA signed a deal on Thursday that marks the global soccer association's most significant postwar intervention in the Middle East yet.
Arrivals at Tehran's airport this week mainly indicated Iranian and Middle Eastern airlines were flying to the Persian country amid heightened...
The UAE also has other significant investments in Somaliland, including around $442 million in funding from logistics company DP World to modernize...
By Miranda MurrayBERLIN, Feb 12 (Reuters) - German director Wim Wenders said on Thursday filmmakers must stay out of politics and focus on changing...
DAMASCUS, Feb 12 (Reuters) - Owning a copy of Sayyid Qutb's "Milestones" could land you in jail or worse in Syria when the Assads ruled. But at a...
ISLAMABAD, Feb 12 (Reuters) - Pakistan's Prime Minister Shehbaz Sharif will attend the first meeting of U.S. President Donald Trump's "Board of Peace"...
The leadership change comes as slowing megaprojects and weak foreign inflows expose gaps in the kingdom’s ambitious economic overhaul.
US and Iranian officials are due this week to hold their first talks since Iran launched a deadly crackdown on protests, in a meeting likely to be...
In 2013, Russian firm Soyuzneftegaz signed a deal to explore for oil and gas in Syrian waters, but the project was dropped two years later due to the...
Egypt lost some $13 billion worth of Suez Canal fees over two years due to Houthi attacks in the Red Sea, according to estimates from Egyptian...
Washington is playing catch-up with Beijing to get its slice of the critical minerals sector, which is essential to strategic industries like clean...
The Saudi Capital Market Authority announced that it would remove restrictions that have historically limited foreign investors' access to the...
Although Turkey does not have abundant oil and gas resources, Ankara wants to position itself as a regional gas hub linking Europe and Asia.
Energy and Natural Resources Minister Alparslan Bayraktar said in a statement that wind and solar capacity combined had risen to 39,215 megawatts by...
Bilateral trade between the United States and Turkey reached almost $43 billion in 2024, according to the US trade representative.
Netflix appeared to have won a weeks-long bidding war with Paramount and Comcast, securing a $72 billion equity deal for Warner Bros. Discovery's TV,...
The year-old Syrian government looks to revive the country’s energy sector, in part by signing deals with international companies and attracting...
The announcement significantly boosts Saudi Arabia’s Vision 2030 strategy to diversify the economy away from oil by the end of the decade.
The agreement was signed by Canadian Prime Minister Mark Carney and UAE President Mohammed bin Zayed Al Nahyan on Friday, during the former’s...
Spanish authorities seized more than 150 kilograms of hashish and more than 320,000 euros ($371,820) in cash in searches across southern Spain.
In Savills’ Spotlight on Wealth Trends 2025 report, Dubai topped the charts while Abu Dhabi ranked fifth.
A Saudi doctor went on trial in Germany Monday accused of driving an SUV through a Christmas market, killing six people and wounding more than 300 in...
The stronger reserve position signals that Egypt has largely emerged from its worst economic crunch in decades.
The new defense pact and potential defense deal come as Israeli Foreign Minister Gideon Saar visits Delhi this week.
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