Oil prices show no volatility as Russia unveils export ban
New York, US--Russia on Tuesday banned oil sales to countries and companies that comply with a price cap agreed by Western nations, briefly helping to lift crude prices. "The supply of Russian oil and oil products to foreign legal entities and individuals is prohibited if the contracts for these supplies...Algeria passes biggest-ever US$98.5 billion annual budget
Algiers, Algeria-- Algeria approved the 2023 budget, the largest in the country's history after President Abdelmadjid Tebboune approved the Finance Law on Sunday. The Algerian government allocated the largest budget since its independence - 6 decades ago - at a value of $98.5 billio), an increase of $24.5 billion over...Saudi Arabia and Kuwait to jointly develop Al-Durra gas field
Riyadh, Saudi Arabia—Saudi Arabia has signed a memorandum of understanding (MoU) with Kuwait on Sunday to develop Al-Durra gas field shared between the two countries. President and CEO of Saudi Arabian Oil Company Eng. Ali Bin Saleh Al Ajmi signed the MoU for the Saudi side, while CEO Kuwait Gulf...US dispatches envoys to China in order to repair ties
A month after Chinese leader Xi Jinping and US President Joe Biden agreed to repair frayed relations, the US is sending its first high-level delegation to China, consisting of Assistant Secretary of State Daniel Kritenbrink and National Security Council Senior Director for China and Taiwan Laura Rosenberger.US condemns WTO verdict on its steel tariffs
Geneva, Switzerland— Washington condemned the World Trade Organization's verdict Friday on the punitive US tariffs imposed on national security grounds on steel imports from China and other countries. Former US president Donald Trump's administration introduced the tariffs on steel and aluminium imports from China, Norway, Switzerland and Turkey and his successor,...Lebanon parliament fails to elect president for the ninth time
Parliament is split between supporters of the powerful Iran-backed Hezbollah movement and its opponents, neither of whom have a clear majority. "Holding a session every week won't change anything," said lawmaker Alain Aoun, of former president Michel Aoun's Free Patriotic Movement (FPM).UAE President, Israeli counterpart seek to boost cooperation in space sector
Sheikh Mohamed and President Herzog confirmed the importance of boosting UAE-Israel cooperation in the space sector.ADNOC and PETRONAS sign MENA’s first unconventional oil concession
Abu Dhabi, UAE— The UAE President Sheikh Mohamed and the King of Malaysia Al-Sultan Abdullah have witnessed the signing of a concession agreement between ADNOC and PETRONAS for Abu Dhabi’s Unconventional Onshore Block 1. The award to Malaysia’s national oil and gas company launches the Middle East’s first unconventional oil...Turkey inflation slows for first time since 2021: official
According to a respected monthly study released by independent economists from Turkey's ENAG research institute, the annual rate of consumer price increases reached 170.70 percent in November. President Recep Tayyip Erdogan at the weekend forecast that consumer prices rises would soon slow down.Jordan and Algeria renew pledge to boost economic ties
Algiers, Algeria— Jordan's King Abdullah and Algeria President Abdelmadjid Tebboune have stressed the importance of bolstering ties between the two countries in a meeting in Algiers on Sunday. The talks between the two leaders covered the deep-rooted bilateral ties between Jordan and Algeria and the latest regional and international developments....UN agency wants FIFA deal for World Cup labour rights role
Doha, Qatar— After fierce criticism of the Qatar World Cup, the head of the UN labour agency on Sunday pressed FIFA's president for a greater role scrutinizing future World Cup hosts. International Labour Organisation director general Gilbert Houngbo told AFP before meeting with Gianni Infantino that Qatar has been a victim...Herzog becomes first Israeli president to visit Bahrain
Israeli President Isaac Herzog arrived in Bahrain, the first visit by an Israeli head of state to the small Gulf kingdom since the two countries normalized relations in 2020. Herzog, whose role is largely ceremonial, was greeted at the airport by Bahraini Foreign Minister Abdullatif al-Zayani, according to pictures posted...Jordan and Egypt agree to expand bilateral relations
Cairo, Egypt—King Abdullah of Jordan and Egyptian President Abdel Fattah El Sisi have expressed desire to further expand bilateral relations between the two countries in a meeting in Cairo. During the meeting, held at Al Ittihadiya Palace, both leaders expressed pride in the ties between the two countries and peoples,...Over 200 days of Sheikh Mohamed bin Zayed as UAE President: Decisions, contributions and meetings
The UAE's policy will always support peace and stability in the region and the entire world, based on wisdom and cooperation to achieve the interests of humanity, the UAE President had said in a televised speech on July 13, 2022. It's time to have a look at his policies and...Lebanon MPs fail for sixth time to elect president
Lebanese lawmakers failed for a sixth time to elect a successor to former president Michel Aoun, whose mandate expired last month. Parliament is split between supporters of the powerful Hezbollah movement and its opponents, neither of whom have a clear majority. Lawmaker Michel Moawad won the support of 43 of...Biden, allies hold emergency talks after missile hits Poland
In the wake of a missile hitting Polish territory close to the border with Ukraine, US President Joe Biden and leaders of key allies held "emergency" talks on Wednesday, according to the White House. The session called an "emergency roundtable" by the White House website took place behind closed doors.China expects improvement in relations with US after Xi-Biden meet
Beijing, China— China said on Monday it hopes a meeting between President Xi Jinping and his American counterpart Joe Biden ahead of the G20 summit will bring relations "back on track". Asked by AFP at a regular press briefing what China's expectations were from the face-to-face talks in Bali, foreign ministry...‘UAE President’s speech at COP27 outlined vision for climate action’
SHARM EL SHEIKH, EGYPT - UAE Minister of Industry and Advanced Technology Dr. Sultan bin Ahmed Al Jaber said that the speech of President Sheikh Mohamed bin Zayed Al Nahyan at COP27 outlined the UAE’s clear vision and strategic approach to climate action and sustainability. The minister and the UAE’s...UAE president, Biden meet virtually to discuss energy transition
The two leaders highlighted the just announced comprehensive UAE-US initiative to accelerate the energy transition.Palestinian President urges Arab support against Israeli ‘crimes’
Abbas was addressing the first Arab League summit since the UAE normalized ties with the Jewish state in 2020, sparking a string of similar moves that have divided the region. Without referring to the Israeli election, he said Israel was "systematically destroying the two-state solution and throwing away agreements it...Lebanon now without president as Michel Aoun’s mandate expires
Aoun's six-year term, that came to a close on Sunday, was marred by mass protests, a painful economic downturn and the August 2020 mega-explosion of ammonium nitrate that killed hundreds and laid waste to swathes of the capital Beirut.UAE, Kyrgyz Presidents review bilateral relations
ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan Monday received President of the Kyrgyz Republic Sadyr Japarov, who is on a working visit to the UAE. During their meeting, which took place at Al Shati Palace, President Sheikh Mohamed welcomed the President of Kyrgyzstan and hoped the...Qatar urges separating politics from the oil and gas trade
Qatar energy minister also called on governments and multilateral institutions to condemn sabotage and military attacks on energy infrastructure or electricity networks.President Raisi of Iran accuses Joe Biden of “inciting chaos”
Accusing the US President Joe Biden of "inciting chaos" after he expressed support for protests in Iran, President Ebrahim Raisi said that "the enemy's plot" should be countered by effective measure to resolve people's problems. The country has been rocked by protests since Mahsa Amini's death in custody.US President terms UK PM’s abandoned tax plan a “mistake”
Reacting to British PM Liz Truss's abandoned tax cut reform, US President Joe Biden has termed it a "mistake" as the Conservative leaded went into crisis talks to hammer out a new budget plan. British tax cuts were the centerpiece of a radical economic reform announced by Truss and her...Tunisian protestors demand president’s resignation
Demanding his resignation, tens of thousand of demonstrators in Tunis denounced a power grab by President Kais Saied, chanting "Down, down," "Revolution against dictator Kais" and "The coup will fall." In July last year, Kais staged a dramatic power grab and later pushed through a constitution enshrining his one-man rule.Braving rockets, Iraq MPs elect president who names PM after year of deadlock
The 52-year-old Mohammed Shia al-Sudani, who has the backing of influential pro-Iran factions, vowed to form a government "as quickly as possible", but faces the daunting task of winning over their rivals, the millions of diehard supporters of fiery cleric Moqtada Sadr. When Sudani was first proposed in July, the...Saudi Arabia dismisses statements critical of OPEC+ quota cut
A few days after US President Joe Biden said that there would be consequences for Saudi Arabia on its decision to cut oil production target, the kingdom today said that the OPEC+ decision was unanimous and took into account the balance of supply and demand. The kingdom rebuffed statements criticizing...UAE President Sheikh Mohamed holds talks with President Putin
UAE President Sheikh Mohamed bin Zayed Al Nahyan has called for peace during his meeting with Russian President Vladimir Putin in Saint Petersburg. He said that by engaging in "dialogue, negotiation, and diplomatic mechanisms, a political settlement can be reached that will achieve international peace and security."Algeria, France hail ‘new dynamic’ in economic ties
The Algerian and French prime ministers hailed a "new dynamic" as they launched a joint economic forum during a visit to Algiers by France's Elisabeth Borne. The French PM's two-day trip to Algeria comes just weeks after President Emmanuel Macron concluded his own three-day visit in August, following months of...UAE president Sheikh Mohamed Zayed to visit Putin in Moscow
Sheikh Mohamed bin Zayed Al-Nahyan "will discuss with President Putin the friendly relations between the UAE and Russia along with a number of regional and international issues and developments of common interest," sate news agency WAM said.French PM leads delegation to Algeria as ties improve
French Prime Minister Elisabeth Borne starts a visit to Algeria with a top-level delegation, pushing for better ties with the former French colony and major gas exporter. Her two-day trip along with 16 ministers comes just six weeks after President Emmanuel Macron concluded a three-day visit aimed at ending months...US to impose ‘further costs’ on Iran over protests crackdown
Widespread street demonstrations sparked by the death of Mahsa Amini, 22, who died following her detention by morality police for allegedly breaching the country's strict Islamic dress code, are in their third week.Lebanon’s lawmakers fail to elect President
Lebanon's parliament failed to elect a new president after a first round of voting amid deep divisions over a replacement for Michel Aoun whose term expires next month. Majority of lawmakers cast blank ballots, suggesting the election process may drag on, an outcome Lebanon can ill afford as it wrestles...Russia wants US to say if it is behind Nord Stream gas leaks
Russia has sought an explanation from US President Joe Biden on three reported gas leaks on the Nord Stream pipelines, carrying gas to Europe from Russia. Foreign ministry spokeswoman said on social media that on February 7, 2022 Joe Biden said that Nord Stream would be finished if Russia invaded...Egypt to make bid to host 2036 Olympic Games
Setting its sights on hosting the Olympics, Egypt will apply to host the games in 2036, which, if the bid is successful, will make it the first African or Arab nation to host the Olympics. IOC president who is on a visit to Cairo said that Egypt has solid sporting...Joe Biden says Covid pandemic in US “is over”
Although people are still testing positive for Covid in the country, US President in an interview declared that pandemic in US is over.UAE president invites Israeli counterpart to attend Abu Dhabi Space Dialogue
The invitation was extended by the UAE Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan who is currently on an official visit to Israel.US inflation likely eased in August, but not enough
Thanks to falling gasoline prices, US inflation has slowed down in August, but not enough to satisfy policymakers, especially President Joe Biden, as high prices continue to inflict pain on American families and businesses. The annual inflation pace also is likely to have improved to 8.0 percent from the blistering...President of Egypt to arrive in Qatar in boost to relations
Signaling an improvement in their relations, Egypt’s President Abdel Fattah al-Sisi will arrive in Qatar for the first time since a four-year rift between the two countries. He will meet with the energy-rich Gulf state’s emir, Sheikh Tamim bin Hamad Al-Thani. The emir paid a visit to Cairo in June...UAE, Serbian Presidents discuss bilateral relations
UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed with Aleksandar Vucic, President of Serbia, cooperation between their countries and prospects for enhancing it to advance their mutual interests. The talks took place during a meeting held between the two leaders at Qasr Al Watan in Abu Dhabi.US says oil supply must shore up growth after OPEC+ cut
In a thinly veiled criticism of the OPEC's decision to cut supply, the US said that oil production must be kept up to bolster global economic growth. White House Press Secretary said that President Joe Biden ‘has been clear that energy supply should meet demand to support economic growth and...Iraq president feels early elections can end crisis
Less than a year after the last polls, Iraq President Barham Saleh has encouraged early elections to settle a political crisis that has escalated into deadly clashes, killing dozens and wounding hundreds more. It has been a key demand of Moqtada Sadr whose supporters clashed with security forces starting on...Iran says nuclear deal ‘pointless’ without end to IAEA probe
The Iran nuclear deal with world powers still appears to be far from certain as President Raisi now says that the deal is pointless unless the UN nuclear watchdog put an end to its probe of undeclared sites. Iran has repeatedly urged the agency to end the issue before any...UAE, Egyptian leaders review fraternal relations in Al Alamein City
President Sheikh Mohamed bin Zayed Al Nahyan arrived in Al Alamein City on a visit to the Arab Republic of Egypt. Upon his arrival at Al Alamein International Airport, President Sheikh Mohamed was received by President of Egypt, Abdel Fattah el-Sisi. The two leaders discussed bilateral cooperation and strategic partnership...US names seasoned diplomat as new envoy to Kuwait
The White House said that Sasahara is a career member of the Senior Foreign Service with the rank of Minister-Counselor who has "most recently served as Deputy Assistant Secretary of State for North Africa."Russian President pitches ‘combat-tested’ weapons to allies
While the Ukraine war rages on, Russian President Vladimir Putin has pitched weapons to allies around the world, lauding them for ‘reliability, efficiency’ and having been tested on the field of battle in ‘real combat operations more than once.’Egypt’s parliament approves major cabinet reshuffle
An emergency session of parliament on Saturday approved several cabinet changes in Egypt's first major reshuffle since 2019, with 13 ministers moved, the National Media Authority reported. A statement said the House of Representatives had approved "all the nominations set forth in a letter from President Abdel Fattah al-Sisi regarding...President invites Swiss President to visit the UAE
President of the Swiss Confederation Ignazio Cassis, has received a written message from President Sheikh Mohamed bin Zayed Al Nahyan inviting him to visit the UAE.Turkey to hold talks with US for sale of jet fighters
A Turkish delegation will visit Washington next week to follow up on US President Joe Biden's pledge to deliver F16 fighter jets for Turkey's ageing air force, Ankara said Tuesday. Turkish Defense Minister Hulusi Akar said the team would arrive in Washington on Monday on the invitation of unnamed US...



















































