The 13 members of the Saudi-led Organization of the Petroleum Exporting Countries (OPEC) and their 10 allies, including Russia, had cut production sharply in 2020 as prices collapsed after the Covid pandemic emerged.

The credit ratings agency has said the prospects for global economic growth have softened, even if it was to a modest extent.

The US has sought the help of its close ally Qatar in providing emergency supplies if pipelines to Western Europe are cut. Organizers did not immediately confirm whether Russia's President Vladimir Putin would attend the biannual Gas Exporting Countries Forum (GECF) summit on Feb 22.

Former US president Donald Trump unilaterally withdrew from the Iran nuclear deal in 2018, and reimposed tough economic sanctions on the country, prompting it to begin pulling back from its commitments under the pact and step up its nuclear activities.

With war clouds gathering over Ukraine, international diplomacy goes into overdrive on Monday with the French and Russian presidents to talk in Moscow and the German chancellor heading to the White House to meet with US leader Joe Biden.

Russia has now put in place 70 percent of the forces it would need for such an attack, US officials have said.

Iran has confirmed that Russia will invest $83.58 million in Sirik power plant based in southern Iran.

The resumption of the waiver, ended by the Donald Trump administration in 2020, ‘would be essential to ensuring Iran's swift compliance’ if a new deal on controlling Tehran's nuclear program can be reached in talks in Vienna, a US State Department official has said.

The veteran Turkish leader's talks with his Ukrainian counterpart Volodymyr Zelensky come with Kyiv hesitant to accept US warnings that President Putin is preparing to invade.

The 23-nation OPEC+ group has said in a statement that it will increase production by 400,000 barrels per day in March.

Qatar's energy minister told the European Union on Tuesday that his country could not rescue Europe alone if Russia turned off gas supplies amid spiking tensions over Ukraine. But the minister, Saad al-Kaabi, told EU Energy Commissioner Kadri Simson that Qatar was ready to help Europe "in times of need"....

The move underscores the Qatar’s strategic importance, including in a scramble to shield European allies from potential Russian energy cutoffs.

US President Joe Biden will build on attempts to ensure energy back-up for European allies when he hosts Qatar's emir Monday in a White House meeting overshadowed by fears that Russia could cut exports over the Ukraine crisis.

Qatar ruler Sheikh Tamim bin Hamad Al-Thani has the Ukraine crisis, efforts to engage the hardline Taliban administration in Afghanistan, and backroom talks on reviving a nuclear accord with Iran on the agenda for his White House meeting with US President Joe Biden.

Chairman of the Federation of Saudi Chambers (FSC) Ajlan Al-Ajlan has called for preparing a roadmap to enhance economic relations between Arab countries and the Russian Federation. He suggested stimulating bilateral business councils, increasing benefits from government support, activating cooperation in the small and medium-sized enterprises between the two regions....

Iran has the world's second largest gas reserves after Russia, and the fourth largest oil reserves. Gas is almost free in Iran because it is heavily subsidized.

The cryptocurrency has lost more than 40 percent of its value since its $67,582.60 peak on November 8 last year.

Several countries — ranging from regional ones like Qatar, Bahrain, Kuwait, Iraq, and Egypt, to Russia and the US — have come together to condemn the attacks. US National Security Advisor Jake Sullivan has even said his country would “work with the UAE and international partners to hold [the Houthis]...

Russian President Vladimir Putin will host his Iranian counterpart Ebrahim Raisi in Moscow on Wednesday, the Kremlin said, amid talks aimed at reviving the Iran nuclear deal. The meeting will be Raisi's most important official visit abroad since he took office, and the first visit by an Iranian president to Russia since...

The Russian Federation Parliament (State Duma) has strongly condemned the Houthi militia attack targeting civil facilities in the UAE yesterday.

 Dubai Multi Commodities Centre has said it recorded its best year on record as it attracted 2, 485 companies in Dubai in 2021. The flagship free zone and Dubai government's authority on commodities trade and enterprise also saw its best June, August, September and November, reaching a total of over...

Turkey Saturday warned against "provocative acts" ahead of talks between Russia and the United States next week to quell tensions over Russia's military buildup on the Ukrainian border.

The statement was issued after the latest review of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) — which first came into force in 1970 — was postponed from its scheduled date of January 4 to later in the year due to the Covid-19 pandemic.

Major oil-producing countries are expected to maintain on Tuesday their course of modestly boosting output as the rapidly spreading Omicron variant has so far not heavily hit demand.The so-called OPEC+ grouping, including top producers Saudi Arabia and Russia, has withstood pressure to more widely open the taps though high energy...

Mohammad Ali Farahnakian, advisor to Iran's energy minister for international affairs, told IRNA on Sunday that given a contract among the three countries, implementation of the power network connection project will be launched following the presentation of specialized reports by these states to Iranian engineering consultants.

At the global scale, 56.5 percent of oil reserves and 26.7 percent of natural gas reserves are owned by Arab countries.

Russian President Vladimir Putin has invited Iran’s President Ebrahim Raisi in Moscow for discussion over expanding strategic cooperation.

The regulator said Google, Meta had "ignored multiple demands”

The fine was for repeatedly failing to delete ‘illegal’ content.

According to figures compiled by the Syrian Observatory for Human Rights, 1,505 of them were civilians and among those 360 were children.

European and UK gas prices rocketed Tuesday to all-time highs on strong winter demand and simmering geopolitical tensions between key supplier Russia and consumer nations. Europe's reference Dutch TTF gas price jumped nearly 20 percent from Monday to hit 175.00 euros per megawatt hour in early afternoon trading. Meanwhile, UK...

The feat is said to have been achieved due to efforts from Iraq’s embassy in Moscow and ‘in coordination’ with Belarus.

In July, the US and Russia allowed for a 6-month extension of activity at Bab al-Hawa, the only border crossing through which aid reaches the rebel stronghold of Idlib province.

The cross-border mechanism has been operating since 2020 through Bab al-Hawa, after the Russian-imposed removal in 2019 of three other access points in Syria.

China abstained, while India voted against, arguing that global warming was chiefly an issue related to economic development, rather than international security.

The G7 on Sunday said time was running out for Iran to agree to a deal to curb its nuclear ambitions and warned Russia about the consequences of invading Ukraine. Foreign ministers from the world's richest nations have held a two-day meeting in Liverpool, northwest England, seeking to present a...

The total foreign trade between Russia and the UAE is set to reach around $4 billion by the end of this year, said Sergey Cherimin, Minister of the Government of Moscow. Local media reports said that in 2020, the trade between the two countries amounted to $3.3 billion. Chermin told...

In the long-run universal acceptance of all languages on the internet is expected to be good for business by allowing companies to reach new markets. But as of today, an estimated 37 percent of the world's population — 2.9 billion people — have still never used the internet, with 96...

This is the company's largest investment in Russia yet.

The landmark 2015 nuclear accord was initially agreed between Iran and Britain, China, France, Germany, Russia and the United States. But it began unravelling in 2018 when then US president Donald Trump pulled out and reimposed sanctions, prompting Iran to start exceeding limits on its nuclear program the following year.

Saudi Arabia has granted approval for people vaccinated with Russia's Sputnik jab to enter the country in a move that will enable Muslims to take part in religious pilgrimages, the vaccine's developers said Sunday.

Russian representatives from three provinces met with commissioner general of the Jordan Pavilion at Expo 2020 Dubai.

The OPEC+ alliance led by Saudi Arabia and Russia had so far resisted US-led pressure to significantly boost output to rein in surging energy prices.

Syria denies the use of chemical weapons and insists it has handed over its weapons stockpiles under a 2013 agreement with the US and Russia.

Joint cooperation in dealing with regional and international issues was discussed at the meeting in Jeddah.

The head of the IEA has called on OPEC and its allies to take measures to help bring oil prices down to ‘reasonable levels’.

The MoU was signed by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and Denis Manturov, Russian Minister of Industry and Trade, on the sidelines of the 37th edition of the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC 2021).

Lebanon has said only foreigners with Belarusian residency permits would be allowed to fly from Beirut to the ex-Soviet country. This comes after several Middle-Eastern countries have already stopped their residents from traveling to Belarus to cross the border into the EU.

The pact lays down a framework to establish closer cooperation and collaboration between three countries in all space-related fields.

Haftar's announcement comes two days after the candidacy of Seif al-Islam Kadhafi -- the son of slain dictator Moamer Kadhafi -- who has been accused of war crimes by the International Criminal Court (ICC).