OPEC Fund provides US$50m loan to support agriculture in quake-hit Türkiye
VIENNA, AUSTRIA – The OPEC Fund for International Development (OPEC Fund) is extending a US$50 million loan to Türkiye to...Energy Geostrategy Global
Iraqi PM to visit Washington for troop talks
Washington, US – President Joe Biden will welcome Iraq's prime minister on April 15 for talks on the US troop presence,...Geostrategy Global
Biden signals US-Saudi thaw with prince meeting on Mideast trip
US President Joe Biden will meet with Saudi Arabian Crown Prince Mohammed bin Salman next month. The White House ended weeks...Biden is expected to press for increased Saudi oil production, in the hope of taming spiraling fuel costs at home
US inflation is at 8.6 percent, the highest rate in 40 years, with high fuel costs largely to blame.
Arab League calls for efforts to counter global economic crisis
The Arab League says the world is facing challenges from political, economic crises and armed conflicts and that unified efforts...Arab League says unified efforts are needed among countries in the region to confront challenges facing the global economy
The League says the world is facing a massive challenge from political, economic crises and armed conflicts
Lebanon makes new maritime border offer to US mediator: Official
Lebanon Tuesday made a new offer to a visiting US mediator over a maritime border deal with Israel, holding back...Lebanon held back on demands for territory where Israel plans to imminently extract gas, an official said.
Beirut's proposal however included a claim for all of a separate field that it had initially only sought part of.
Biden to visit Middle East from July 13-16; meet Saudi crown prince
US President Joe Biden will make history next month with a direct flight between Israel and Saudi Arabia where he...Biden is likely to secure a boost in Saudi oil production, in an attempt to tame spiralling fuel costs and inflation at home
The US president will engage with nearly a dozen leaders during the brief yet intense journey, says a senior official
Sharjah, Costa Rica strengthen economic, cultural relations
Sharjah is building on the long-standing historical ties the emirate shares with Costa Rica to bolster and deepen diplomatic and...The strong relations between Sharjah and Costa Rica are serving as a base for enhancing economic cooperation
The two sides can benefit through the mutual exchange of expertise in industries, culture, science, technology and economy
UN raises $5m to prevent oil spill disaster in Red Sea
The United Nations is launching a crowd-funding campaign for an operation intended to prevent an aging Yemeni oil tanker from...An operation to transfer its 1.1 million barrels of oil to a different vessel could begin next month, according to a website for the crowd-funding campaign
The 45-year-old oil tanker FSO Safer is in "imminent" danger of breaking up as it has not been serviced since Yemen's civil war
Turkey constructs Black Sea pipeline to pump natural gas
Turkey's president hailed on Monday the start of the construction of an underwater pipeline to tap a Black Sea natural...Sakarya gas field of Turkey could produce 10 million cubic meters by the first quarter of 2023, Erdogan said
He described it as "the largest natural gas field in Turkey's history", citing estimated reserves of 320 billion cubic meters
UN urges WTO to not restrict food export for humanitarian purposes
The United Nations on Monday begged world trade ministers meeting at the WTO not to impose export restrictions on food...Countries meeting at the WTO's ministerial conference in Geneva this week are trying to reach a consensus position on food security
Russia's invasion has heightened concerns for global food security as Ukraine's Black Sea ports are blocked
Argentina holds passports of plane’s crew linking with Iranian Guards
Five Iranian crew of a cargo plane grounded in Argentina since last week have had their passports temporarily seized pending...The Revolutionary Guards, Iran's ideological army, is on a US blacklist of foreign "terrorist organizations."
Iran said Monday Argentina's move was part of a "propaganda" campaign against Tehran amid tensions with Western countries
EU chief, Italian PM in Israel for energy talks
European Commission chief Ursula von der Leyen and Italian Prime Minister Mario Draghi began meetings in Israel on Monday as...Draghi and other EU leaders have warned European customers may need protection as energy costs continue to rise
The EU this month formally adopted a ban on most Russian oil imports, its toughest sanctions yet over the war in Ukraine
