The current output strategy by OPEC+ that saw nine members led by Riyadh to cut production in recent months to boost prices has failed to bring about lasting recovery. Some analysts have pointed to possible discord between top crude oil producers Saudi Arabia and Russia.

Cairo, Egypt - European Commission President Ursula von der Leyen on Saturday said she was opposed to the "forced displacement of Palestinians" during a meeting in Cairo with Egyptian President Abdel Fattah al-Sisi.Von der Leyen "thanked Egypt for its key role in providing and facilitating humanitarian aid to vulnerable Palestinians", during...

According to a report "Fragile Equilibrium: LNG Trade Dynamics and Market Risks" China has surged ahead of Japan to become the world's largest LNG importer. The US became the top LNG exporter in 2023. The IEF's secretary general said that demand for LNG has grown and continues to "enhance energy...

Dubai, UAE--ENOC Group will reach more than one billion gallons of jet fuel sales at the end of this year by supplying more than 153,000 commercial, military, and general aviation flights around the world.The company made the announcement on the sidelines of the 18th edition of Dubai Airshow, which is...

London, United Kingdom – NEOM, the sustainable regional development taking shape in northwest Saudi Arabia, has opened its first international office in London which will serve as a base for NEOM’s business across Europe.The official opening was led by Prince Khalid bin Bandar bin Sultan bin Abdulaziz, Saudi Ambassador to the United...

Founded in 1957, the European Economic Community (later renamed the EU) started out with six members Belgium, France, Italy, Luxembourg,  the Netherlands and West Germany.

Darmstadt, Germany - The first images from Europe's Euclid space telescope were released on Tuesday, showing a nebula resembling a horse's head, never-before-seen distant galaxies and even "circumstantial evidence" of elusive dark matter.Euclid blasted off in July on the world's first-ever mission aiming to investigate the enduring cosmic mysteries of dark...

The company's Q3 net profit stood at $3.1 billion.

DUBAI, UAE –The Dubai Customs apprehended a traveler arriving from a European country who was trying to smuggle various small drugs that were cleverly concealed within his luggage.The items included 292 hallucinogenic pills, five hallucinogenic stamps, 13.84 grams of hallucinogenic powder, 7.38 grams of crack cocaine and 274.59 grams of...

His wearing of the badge, which has come to symbolize the oppression of Jews since its imposition in Nazi-occupied Europe, was swiftly criticized by Yad Vashem, Israel's Holocaust memorial, which urged him to wear the Israeli flag instead.

"To comply with evolving European regulations, we are introducing a new subscription option in the EU, EEA (European Economic Area) and Switzerland," it said in a statement.

Abu Dhabi, UAE - Mubadala has issued its first-ever Green Bond for US$750 million with a tenor of 10.5 years, at a yield of 6.03 percent and coupon at 5.875 percent. The issue saw strong demand from the market.The order books peaked at more than $6 billion with robust demand...

Washington, United States - The US Defense Secretary Lloyd J. Austin III has ordered the preparation of approximately 2,000 additional U.S. troops for possible deployment to the Middle East in support of Israel, amid escalating tensions in the region, New York Times reported.These troops, currently stationed in the United States...

US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip to the Middle East aimed at preventing the Israel-Hamas conflict spreading across the region. Investors also weighed another raft of company earnings and rising interest rates.

The no-frills airline will buy 157 aircraft from Airbus.

New York, United States - Mubadala Capital, the investment arm of Abu Dhabi’s sovereign wealth fund, plans to invest more than $1 billion a year in Brazil in a range of holdings from an oil refinery to a toll road. The firm’s second fund in the country, Brazil Special Opportunities Fund...

Slamming the Nobel Committee for what he called as "false claims", Iran's Foreign Ministry spokesman said the committee awarded the Peace Prize to a person convicted of repeated violations of laws and criminal acts. He said it indicates the approach of some European governments to falsify information to produce "deviant...

Abu Dhabi, UAE - The UAE as a geographical and business hub will help the proposed ‘food security corridor project in India under the I2U2 framework,’ Piyush Goyal, Indian Commerce Minister told the Emirates News Agency (WAM) in an exclusive interview.“The UAE as a trading hub can cater to the...

Luxembourg, Luxembourg -- Luxembourg's residents may be classified as the wealthiest in the European Union, but the sky-high cost of buying or renting a home in the country has made living there nearly impossible for some.The crisis has become the number one concern in the Grand Duchy of 660,000 people --...

It will join the UAE's FDI program to expand footprint.

RAS LAFFAN, QATAR - Qatar's state-owned energy giant began construction on Tuesday on a project to expand production from the world's biggest natural gas field through an export terminal on the Gulf emirate's northeast coast.There has been mounting demand for Qatari gas as European consumer nations have scrambled to replace lost...

Athens, Greece - Greece and Saudi Arabia announced their agreement to establish a jointly-owned company with the goal of connecting their power grids. This marks the initial phase of their ambitious plan to provide Europe with more affordable green energy, according to a statement from the Greek energy ministry, as...

PARIS, FRANCE - Europe must invest more quickly and massively in its energy transition if it wants to remain a global industrial power, top policymakers warned on Friday.The plea was made at a conference on the clean energy transition hosted by the International Energy Agency, the European Central Bank and the...

After having forecast a contraction earlier this year in Russia's economy, the European Bank for Reconstruction and Development is now expecting the country's economy to grow in 2023 thanks to rising oil prices. The bank said in May it expected Western sanctions against Russia"to be more effective in constraining the...

The navy, with support from the civil defense, "was able to rescue 27 illegal migrants aboard a rubber boat that was sinking off the Chekka coast"

Turkey's President Recep Tayyip Erdogan told reporters in New York that he will visit Israel too once Benjamin Netanyahu will have visited Turkey. Erdogan, after meeting with Netanyahu, added that drilling work with Israel will be started soon and operating transmission lines to Turkey and further to Europe will also...

BRUSSELS, BELGIUM- Mahsa Amini, the Iranian Kurdish woman who died in custody a year ago, and billionaire Elon Musk were among a field of nominations put forward on Wednesday for the EU's top rights prize.The European Parliament's three biggest political groups each backed Amini as the recipient for this year's Sakharov Prize,...

Riyadh, Saudi Arabia - About 92% of respondents in Saudi Arabia consider ‘critical national infrastructure’ and are willing to pay more for sustainable broadband with roughly a quarter of them prepared to pay over 20% more for eco-friendly connectivity., a Cisco survey in the kingdom has found. The survey, encompassing 2,000...

Ankara, Turkey - Turkey is engaged in “intensive negotiations” with regional partners to propose an alternative to the India-Middle East trade corridor plan agreed upon at the recent G20 summit, Financial Times reported on Sunday. The country aims to reinforce its historical role as a vital transport route for goods...

The Breakthrough Prize awards "the world's most brilliant minds" in fields including life sciences, fundamental physics and mathematics

"We condemn the decision of the Tunisian authorities to refuse entry for the delegation," the delegation, made up of five MEPs, said in a statement. "This conduct is unprecedented since (Tunisia's) democratic revolution in 2011", it said.

Aim is to help in decarbonization of the Polish power sector.

Spending by Saudi Arabian football clubs in the transfer window just closed was second only to that by teams in the English Premier League, said separate reports by FIFA and Deloitte. The sport's world governing body said Saudi Pro League teams had spent $875.4 million on new players from June...

"2023 is the year that climate records were not just broken but smashed," said Mark Maslin, a professor of climatology at University College London.

The airline disclosed no financial details in a statement.

Abu Dhabi, UAE - ADNEC Group, through its tourism arm Tourism 365, has launched new charter flight services in the UAE, enhancing travel options for international tourists from multiple destinations. The new service, available from Europe and central Asia, is poised to increase visitor arrivals to the UAE, while further...

Dubai, UAE - The Middle East has seen the strongest rebound in the post-pandemic global tourism recovery, according to a new report from HSBC Global Research.The report, Jet, set, go! shows that the region is unique in recording a total recovery in terms of tourist arrivals in the first quarter...

PARIS, FRANCE - Attempts to change the existing world order threaten to weaken the West and especially Europe, French President Emmanuel Macron said at the annual conference of his country’s ambassadors here.“The situation on the international arena is becoming more complicated, which is fraught with the risk of the West...

Moscow, Russia -- The volume of Russian gas supplies to Europe through Ukraine is 41.5 million cubic meters per day, a Gazprom spokesman said."Gazprom continues to supply Russian gas for transit through Ukrainian territory via the Sudzha gas pumping station in an amount approved by Ukraine. The volume is 41.5...

stc’s subsidiary TAWAL buys assets in eastern Europe.

One of the changes announced by Nick Clegg, Meta's president of global affairs, includes giving European users of Facebook and Instagram the option to view different types of content not based on profiling, a requirement under the EU's Digital Services Act (DSA).

The gains, including a jump in US tech stocks, "looked more like a correction than a reaction to fresh news, as there was no fresh news that went against the slowing China rhetoric" or indication of a possible shift in policy by US monetary policymakers, said Swissquote Bank analyst Ipek...

Amid Russian-Ukrainian war, Europe aims to diversify its energy sources, with Gulf countries like Qatar, UAE, Oman, and Saudi Arabia offering alternative natural gas options.

Tehran, Iran-- China's ambassador to Iran has affirmed that his country's cooperation with Iran is at its best in various fields, voicing hope that both sides will further improve ties.Chang Hua made the remarks in a Saturday meeting with the governor of the northwestern Iranian province of West Azarbaijan Mohammad...

Riyadh, Saudi Arabia--Neymar was greeted with much fanfare Friday as he arrived in Saudi Arabia where he joins a growing list of big names lured to the oil-rich kingdom.The 31-year-old Brazil forward who will be unveiled as an Al-Hilal player on Saturday after six seasons with French champions Paris Saint-Germain landed...

Tunis, Tunisia - Tunisian authorities have arrested the head of the national bakery owners' union, accusing him of a "monopoly" as the country faces a weeks-long shortage of subsidized bread, local media reported Thursday.The government in August banned some 1,500 privately-owned bakeries that produce European-style breads and pastries from purchasing subsidized...

From Cristiano Ronaldo to Neymar, the kingdom is offering eye-watering salaries to international football stars to bring them over from clubs across Europe.

BEIRUT, LEBANON -The Lebanese army arrested 134 migrants near the northern border with Syria on Saturday after foiling their attempt to take a boat to Europe, it said in a statement.The group of would-be migrants -- made up of 130 Syrians and four Lebanese nationals -- were taken into custody in...

Tunis, Tunisia - At least two Tunisians including a baby died when their Europe-bound boat sank Saturday off the North African country's southeastern shores, the coastguard said, adding five others were missing.The vessel carrying 20 Tunisians went down at 2:00 am (0100 GMT) 120 meters (395 feet) from the beach in...

In a collaborative bid to address the migrant crisis, Tunisia and Libya have announced a shared responsibility for hundreds of migrants stranded at their border. These migrants, primarily from sub-Saharan African countries, had been left in the desert area of Ras Jedir. The deal aims to provide shelter and essential...