Vegetable oil prices fell 2.9 percent, stemming from subdued global import demand for palm and soy oils and ample export availabilities of sunflower seed and rapeseed oils.

Bank said it would pay out US$5.6 billion to shareholders.

Italian Prime Minister Giorgia Meloni arrived in the Libyan capital Tripoli for talks on energy and migration, Libyan state media said. Meloni's trip - her second to a North African country this week - is the first by a European leader to war-battered Libya since her predecessor Mario Draghi's visit...

Rome, Italy-- The Saudi Export-Import Bank has signed a memorandum of understanding with the Italian Export Credit Agency (SACE) which aims to empower Saudi exporters and international investors and enhance the Saudi-Italian trade exchange.The MoU was signed by EXIM Bank CEO Eng. Saad bin Abdul Aziz Alkhalb and SACE CEO...

Algiers, Algeria--Italian Prime Minister Giorgia Meloni agreed Monday to strengthen energy cooperation with Africa's top gas exporter Algeria, the latest European country seeking supply deals to help reduce reliance on Russia. "Facing the great energy crisis that Europe in particular is experiencing, Algeria could become a leader in production, certainly African...

Italian Prime Minister Giorgia Meloni and several ministers arrived in Algeria on Sunday, state media reported, ahead of meetings with top officials in the gas-exporting giant.

Doha, Qatar--Doha Port has received the Italian cruise ship Costa Toscana of Costa Cruises, as part of the cruise's first tour in the Arabian Gulf region. The cruise ship has a capacity of about 6,500 visitors, and features a water park, 13 swimming pools and hot tubs, 13 restaurants and...

Russia's President Vladimir Putin said he was "an eminent religious and state figure, a convinced defender of traditional Christian values".

TEHRAN, IRAN  - Iran has summoned the Italian ambassador to protest "interventionist" policies, the foreign ministry said late Thursday, a day after Rome called in Tehran's envoy over its response to nationwide protests. The Islamic republic has been gripped by protests since the September 16 death in custody of Mahsa Amini,...

Iraq's prime minister appealed to visiting Italian counterpart Giorgia Meloni for closer economic ties with his oil-rich country suffering from power cuts and decaying infrastructure. Meloni, who leads the eurozone's third-largest economy, is on her first bilateral trip outside Europe. She is on a pre-Christmas visit to Italian troops posted...

ROME, ITALY - The world's ability to nourish its burgeoning population is under threat and without broader socioeconomic and environmental change, sustainable agrifood systems will be impossible to achieve, according to a new report by the Food and Agriculture Organization of the United Nations (FAO) issued Saturday. The report, "The...

While Europe scrambles to replace Russian energy supplies in the wake of the war in Ukraine, Slovenia has signed a three-year deal with Algerian state energy firm Sonatrach to buy gas via a pipeline through Italy from January. Slovenian foreign minister attended the signing ceremony along with her Algerian counterpart.

Chairman Alfredo Altavilla was accused of obstructing an offer by US investment fund Certares, Delta Airlines and Air France-KLM in favor of a proposal by Germany's Lufthansa and shipping group MSC.

It will run new flights to Europe and Asia in 2023.

Rome, Italy— Italy will allow an NGO ship carrying 179 migrants rescued in the Mediterranean to dock so medics can carry out health checks, the country's foreign minister said Friday. Antonio Tajani said that German NGO SOS Humanity's vessel Humanity 1 would head for Catania, Sicily, and "be able to stay...

Tripoli, Libya---Libya is aiming to nearly double its oil output to two million barrels per day by 2027, the head of its National Oil Company has said. "We're working on raising production to two million barrels per day in the next three to five years," Farhat Bengdara said in an...

Inflation was up 8.9 percent on the year in September, fuelled by rising prices of food (up 11.4 percent) and energy (up 44.5 percent), causing pain for households and businesses alike. While many countries face similar issues, the pressures are set to send Italy into technical recession next year, alongside...

Authorities also said they had detained 48 people, including six already wanted for allegedly "joining a gang in order to illegally cross borders". The interior ministry had announced the arrests of more than 1,300 suspected people traffickers, both Tunisian and of other nationalities, in recent days.

Seeking new exporters of gas to the continent, European Union's energy commissioner has hailed a "long-term strategic partnership" with Algeria as it turns to Africa's biggest gas supplier to fill a gap left by Russian supplies. Europe's search for gas has become ever more urgent as winter approaches.

Tunis--As dawn breaks over the Mediterranean, Tunisian coastguards intercept a flimsy craft packed with migrants, bringing their dream of reaching Europe to an end -- for now. "This is your final warning: stop!" an officer shouts. Some two dozen migrants, wearing inflated inner tubes as makeshift life preservers, look downcast...

Delegations from France and Italy have visited the Expo Center Sharjah to discuss ways to strengthen cooperation and exchange expertise in the field of exhibitions and conferences.

EU leaders meeting in Prague looked to bridge divisions on how to tackle soaring energy prices as they grapple with the fallout from Russia's war on Ukraine. President Volodymyr Zelensky was dialling in from Kyiv as the bloc looks to maintain its economic and military support for Ukraine and hold...

Germany pushed back against critics of a 200-billion-euro ($198-billion) energy fund, as Berlin faces fresh accusations it is going it alone in helping citizens face a historic price shock.

The UAE and Italy are looking to widen trade ties between the two countries, and in this regard an Italian delegation met with Dubai Customs to further economic cooperation.

SOFIA, BULGARIA - Russia's Gazprom has suspended gas deliveries to Italy's Eni, blaming a transport problem in Austria, the Italian energy giant said. "Gazprom told us that it was not able to confirm the delivery of the volumes demanded for today, citing the impossibility of gas transport through Austria," Eni...

Last April, Italy entered into an agreement with Algeria to increase imports through the Trans-Med pipeline.

Searching for a new life in Europe, some 13,000 Tunisian migrants have succeeded in reaching Italy by sea since the beginning of the year, almost a fifth of them minors. According to a Tunisian rights group more than 500 migrants also lost their lives or are missing while making the...

More than thirty people attempted the crossing on the vessel, with many of the survivors in an "extremely serious" state of health according to UNHCR.

Norway, which has replaced Russia as Europe's leading supplier of natural gas, dashed the hopes of EU member states who wanted a cap on gas prices. After his phone call with European Commission President Ursula von der Leyen, Norway's Prime Minister Jonas Gahr Store said he was "skeptical" about a...

A day after it returned dozens of antiquities to Italy, United States has now returned 16 antiquities worth $16 million to Egypt, including five works that were seized from the Metropolitan Museum of Art. The return of antiquities is part of a probe by authorities in New York into international...

US has returned dozens of antiquities stolen from Italy and valued at around $19 million, some of which were found in the Metropolitan Museum of Art in New York. Manhattan District Attorney said some 58 pieces represent thousands of years of rich history, "yet traffickers in Italy utilized looter to...

The leader of Italy's far-right League party, Matteo Salvini, has sparked debate by saying that the unprecedented sanctions the West had imposed on Russia over the Ukraine invasion weren't working. "Several months have passed and people are paying two, three, even four times more for their bills," he told Rtl...

The Tunisian Forum for Economic and Social Rights (FTDES) said the minors were among a total of 10,139 Tunisian migrants to have made it to Italy since the start of 2022. More than 14,700 migrants, including many from sub-Saharan African nations, have been intercepted and turned back over the same...

Italian energy giant Eni said Friday that its profits sky-rocketed in the second quarter as energy prices soared in the wake of the Russia-Ukraine crisis.

Way up in the snowy Alps, the border between Switzerland and Italy has shifted due to a melting glacier, putting the location of an Italian mountain lodge in dispute. The borderline runs along a drainage divide -- the point at which meltwater will run down either side of the mountain...

Algerian state oil firm Sonatrach announced on Monday new oil and gas discoveries in the North African country's Sahara desert, including a find made with Italian major Eni.

Syrian phosphates used for fertiliser are being exported to Europe in bulk, benefitting a Russian firm and the sanctions-hit Damascus regime, a report said Thursday. Italy, Bulgaria, Spain and Poland are among the EU states receiving Syrian phosphates, according to the report by a consortium of investigative journalists led by...

Saudi Arabia and Italy will jointly explore investment opportunities in sectors as wide as finance, infrastructure and mobility, tourism and culture, and renewable energy.

The Saudi Space Commission and the Italian Space Agency sign a memorandum of understanding for enhancing cooperation in the field of space for peaceful purposes

ConocoPhillips' chunk of the North Field East project is half the size of France's TotalEnergies, which has a 6.25 percent share, but the same as Italy's ENI, announced on Sunday, said Energy Minister Saad Sherida al-Kaabi.

Eni will own a stake of just over three percent in the $28 billion North Field East project, the world's biggest natural gas field, said Qatar's Energy Minister Saad Sherida al-Kaabi, who is also president and CEO of state-owned Qatar Energy. France's TotalEnergies was its first, and largest, foreign partner...

Russia's Gazprom told Eni it would cut its gas supply by around 15 percent for Wednesday, the Italian energy giant said, amid tensions between Moscow and the West following its invasion of Ukraine. "Eni confirms that Gazprom has announced a limited reduction in gas supplies for today, amounting to around...

Actress Claudia Cardinale may have been a sixties legend of Italian and French cinema, but in Tunisia, in the portside district where she grew up, she says she feels "at home".

The Italian pharma giant is looking at expansion in MENA.

Italy is ethically obliged to stop buying Russian gas "soon" as the payments are funding the Ukraine war, the country's Ecological Transition Minister Roberto Cingolani said in an interview Thursday. The minister is currently on a two-day trip to Angola and Congo Republic seeking energy deals as Italy scrambles to...

Meanwhile, Italy is also looking into buying or renting two floating storage and regasification units (FSRU) to allow it to import more LNG. Diversification will not be cheap, warn experts, who foresee extra taxes passed on to businesses and families.

Tamimi Markets, Saudi supermarket chain, has teamed up with Japan's Mitsui & Co. and Italy's Zero SRL to develop the kingdom's first smart farms.

The Bahrain-based firm looking to spend around €1 billion.

Italian Prime Minister Mario Draghi arrived in gas powerhouse Algeria on Monday as Rome steps up efforts to reduce its heavy reliance on Russian energy imports. Italy buys the vast majority of its natural gas from overseas, with over 40 percent of those imports coming from Russia. But the war...

"First the pandemic and now the war (in Ukraine) are putting a severe strain on this sector which represents one of the jewels of Italy," said Italy's Economic Development Minister.