QE is working to increase LNG production capacity by 64%.

The G20 talks come after Russia on Monday refused to extend a deal allowing critical Ukrainian grain exports through the Black Sea, sparking outrage from the United Nations, which has warned millions of the world's poorest would "pay the price". World Bank president Ajay Banga said he feared a lack...

Putin has been threatening to pull out of the arrangement, arguing that elements of the deal allowing the export of Russian food and fertilizers have not been honored. Russia also accuses rich countries of profiting from the bulk of Ukrainian exports. But Zelensky says that "60% of the volumes" were...

The move by Moscow will "strike a blow to people in need everywhere", Guterres said. "Hundreds of millions of people face hunger and consumers are confronting a global cost-of-living crisis. They will pay the price," the UN chief said.

They worry over the fate of residents in Syria's last remaining rebel strongholds, in the north and northwest, after the Security Council failed on Wednesday to extend the mechanism. Under a 2014 deal, aid had largely passed through the Bab al-Hawa crossing with Turkey without the authorization of Damascus.

Russian President Vladimir Putin said the main objective of the deal that allowed Ukrainian grain exports to resume was not achieved, in a call with his South African counterpart Cyril Ramaphosa. The deal that eased fears of a global food crisis sparked by the offensive in Ukraine is due to...

The Britain-based Syrian Observatory for Human Rights, which relies on a wide network of sources on the ground in Syria, said the volunteer was killed by a "guided missile fired by regime forces".More than four million people live in rebel-controlled areas of north and northwest Syria, an area hard hit...

Russia vetoed a nine-month extension of the agreement allowing for the conduit during a vote at the UN headquarters in New York, and then failed to muster enough votes to adopt just a six-month extension. The UN-brokered agreement that allows for the delivery of aid overland from Turkey into rebel-held...

German Patriot missile systems and French fighter jets were guarding the skies as NATO leaders gathered in Lithuania, on NATO's eastern flank and a land once occupied by Moscow. The Western military alliance is set to offer its full-throated backing for Kyiv's quest for victory, but its 31 nations are...

The GCC countries and Russia have adopted a joint statement and a joint action plan for 2023-2028 following their meeting, Russian Foreign Minister Sergey Lavrov said. Later Lavrov met with the Saudi foreign minister to discuss strategic cooperation between the two countries.

"The return of Azov commanders from Turkey to Ukraine is nothing but a direct violation of the terms of existing agreements," Kremlin spokesman Dmitry Peskov was quoted as saying by Russian news agencies. Peskov said the return was linked to the "failure of the counter-offensive" launched by Ukraine, and Ankara's...

Moscow, Russia - Russia on Friday confirmed the reduction of oil supplies to markets by 500,000 barrels daily in August by lowering exports and other actions needed for this purpose, the Russian Ministry of Energy told the Russian news agency TASS.Supplies will be lowered in addition to earlier assumed commitments...

Ankara,Turkey - Turkish Minister of Foreign Affairs Hakan Fidan discussed, in a phone call on Wednesday with US Secretary of State Antony Blinken, expansion of North Atlantic Treaty Organization (NATO) and Black Sea Grain Initiative agreement.They also discussed cooperation in combating the threat posed by synthetic drugs, in addition to...

New Delhi, India - Russian academic Sergey Luzyanin has suggested that the United Arab Emirates' Dirham could be considered as a potential currency for India-Russia trade in an interaction between Indian and Russian experts following the Shanghai Cooperation Organisation (SCO) virtual summit organized by India.  The discussion, organized by the Russian...

Vienna, Austria - Energy and oil ministers from the Organization of Petroleum Exporting Countries (OPEC) on Wednesday expressed support for the latest production cuts by Saudi Arabia, Russia, and Algeria.Saudi Arabia on Monday extended its voluntary production cut of 1 million barrels per day (bpd) into August, while Russia announced...

Oil producers are grappling with falling prices and high market volatility amid fears of global economic slowdown and the Russian invasion of Ukraine, which has upended economies worldwide.

The Shanghai Cooperation Organization -- which on Tuesday welcomed Iran as its ninth member -- encompasses a vast stretch of the globe from Moscow to Beijing and includes around half the world's population when observer and "dialogue partner" nations are included. Created in 2001 to discuss security and economic matters,...

In April, several OPEC+ members opted to slash production voluntarily by more than one million bpd -- a surprise move that briefly raised prices but failed to bring about lasting price recovery.

The cut which first took effect for July will continue in August and "can be extended", the Saudi Press Agency (SPA) reported, citing an energy ministry source. "The source confirmed that this additional voluntary cut comes to reinforce the precautionary efforts made by OPEC+ countries with the aim of supporting...

The shareholders elected a new board of directors as well.

LONDON, UK - Novak Djokovic warned on Saturday that the "integrity and tradition" of tennis must be preserved should the sport strike a tournament deal with Saudi Arabia.Both the ATP and WTA, which run the money-spinning men's and women's tours, have had discussions with Saudi Arabia.The country has been signing up...

WASHINGTON, US - Europe's Euclid space telescope is scheduled to blast off Saturday on the first-ever mission aiming to shed light on two of the universe's greatest mysteries: dark energy and dark matter.The launch is planned from Cape Canaveral in Florida at 11:12 am local time (1512 GMT) on a...

Spanish Prime Minister Pedro Sanchez said that his visit to Kyiv on the first day of Spain's EU presidency showed the bloc's "unequivocal" commitment to Ukraine's bid to join the 27-nation bloc. "My being here on the first day of the six-month presidency... demonstrates a clear and unequivocal political commitment......

Moscow, Russia -- Iran will be formally approved as a member of the regional Shanghai Cooperation Organization with China, Russia and Central Asian countries, Russian Foreign Minister Sergei Lavrov said Friday."At the meeting of heads of state on July 4, the full membership of Iran will be approved," Lavrov said at...

In the Hague, NATO chief Jens Stoltenberg said it was still too early to draw conclusions from the move to Belarus of Prigozhin and, likely, some of his forces, but he vowed that the alliance was ready to defend its members. "What is absolutely clear is that we have sent...

The more positive environment came as concerns over Russia subsided following an aborted uprising, though developments in the nuclear-armed country are being closely followed. Sentiment was also boosted by comments from Chinese Premier Li Qiang, who said the government would roll out fresh measures to kickstart the nation's struggling economy...

On Sunday, the Ukrainian embassy charged that "the current Israeli government" had "opted for a path of close cooperation with the Russian Federation". It noted a "near absence of Israeli humanitarian assistance to Ukraine" and a recent statement by Prime Minister Benjamin Netanyahu that Israel needed to cooperate with Russia...

While the advance by the Wagner mercenary force led by Yevgeny Prigozhin was called off before it reached Moscow, analysts said the rebellion showed President Vladimir Putin's grip on power was more fragile than previously thought. It also added to unease on trading floors, where investors last week reversed a...

EU foreign ministers were scrambling to digest the fall-out from the uprising at their regular meeting in Luxembourg. Sweden's Foreign Minister Tobias Billstrom said the unrest was an "internal affair" for Russia. He insisted that the "most important thing" was supporting Ukraine so it can win back its territory.

Russian forces which back President Bashar al-Assad's regime were responding to rebel drone strikes over the past week that killed four civilians including two children, according to the Observatory. Six civilians died in Jisr al-Shughur and three rebel fighters were killed nearby by Russian air strikes. Another three civilians, including...

MOSCOW, RUSSIA - Russia's foreign ministry said on Sunday that Beijing had backed Moscow's efforts to counter a short-lived armed uprising led by the head of the Wagner mercenary group Yevgeny Prigozhin."The Chinese side expressed support for the efforts of the leadership of the Russian Federation to stabilize the situation in...

According to the US media reports, intelligence officials conducted briefings at the White House, the Pentagon and on Capitol Hill about the potential for unrest in nuclear-armed Russia a full day before it unfolded. Putin himself was informed that Prigozhin, once a close ally, was plotting his rebellion at least...

After Putin's speech accusing him of treason, Prigozhin launched a second broadside. "On treason of the motherland: the president is deeply wrong. We are patriots of our motherland," Prigozhin said. "Nobody plans to turn themselves in at the request of the president, the FSB or anyone else." Russia's headquarters in...

Tehran, Iran--Iran’s permanent mission to the United Nations has rejected the claim by the United States and its allies about Russia’s use of Iranian drones in the Ukraine war.The mission in a statement on Friday said the "anti-Iran claims" are aimed to influence the six-month periodic report of UN Secretary-General...

The agreement, to supply four million tons annually to the China National Petroleum Corporation (CNPC), matches the terms of a November deal with China's Sinopec as the longest ever seen in the industry.

Tehran, Iran-- A free trade zone agreement between Iran and the Eurasian Economic Union (EAEU) will be signed before the end of the year, according to Russia's deputy Prime Minister Alexey Overchuk."Now, indeed, the EAEU has come very close to concluding such an agreement with Iran. This issue was touched...

St. Petersburg, Russia-- The UAE is seeking to strengthen economic cooperation with many countries in the world in order to ensure a sustainable and prosperous future for generations to come.This was stated by Sheikh Saud bin Saqr Al Qasimi, supreme council member and ruler of Ras Al Khaimah, in a...

According to a report by the FAO, the world food import bill is forecast to touch a new record this year, although it is estimated to grow at a much slower pace compared to last year. This at a time when surging world prices fueled by higher quotations for fruits,...

Stora Enso plans to permanently close four units in Europe.

That crucial accord granting safe passage for Ukrainian grain to be exported via Black Sea ports despite Moscow's invasion was signed in July 2022 by Russia, Ukraine, Turkey and the United Nations. It was renewed again in May but for only two months, until July 17. But the Kremlin on...

Dubai, UAE--The UAE and Russia have held the second round of negotiations on the double taxation agreement on income and capital. The talks follow the ministry’s efforts to further strengthen cooperation frameworks for tax matters, provide full protection to taxpayers from double taxation and avoid the obstruction of the free...

GENEVA, SWITZERLAND - The world's nuclear powers, and China in particular, increased investment in their arsenals for a third consecutive year in 2022 amid swelling geopolitical tensions, two reports showed Monday.The world's nine nuclear-armed states jointly spent $82.9 billion on their arsenals last year, with the United States accounting for more...

Since Russia launched its invasion of Ukraine last year, economic sanctions have seen a significant cut in its oil and gas exports to the EU and US. However Pakistan, in the midst of an economic downturn worsening a long-running energy shortage, in May confirmed it had struck a deal with Moscow...

Russia is receiving materials from Iran to build a drone factory that "could be fully operational early next year," White House national security spokesman John Kirby warned. The White House released a satellite image of the location of the prospective plant in Alabuga special economic zone, some 900 kilometers east...

The UK government said it would scrap a windfall tax on the energy sector should oil and gas prices drop to historically-normal levels for a sustained period. The Energy Profits Levy, introduced after Russia's invasion of Ukraine sent oil and gas prices surging, increased tax on profits from North Sea...

The firm attributed the figures to strong sales which reached $8.15bn.

Dubai, UAE - Iran’s pivot to Russia and China has been driven by various factors, most notably the United States' withdrawal from the 2015 Joint Comprehensive Plan of Action (JCPOA) on May 8, 2018, says a study published by Middle East Institute. Quoting Iran’s foreign ministry statement "the world is not...

The United States and India agreed a roadmap for military industrial cooperation, as New Delhi seeks to reduce its reliance on key arms supplier Russia. "We established an ambitious new roadmap for defense industrial cooperation, which will fast track high priority co-development and co-production projects," US Secretary of Defense Lloyd...

The UAE energy minister Suhail Mohamed Al Mazrouei said he expected the outcome of meeting to "balance the market and ensure we are ready for any challenges in the future". Analysts expected OPEC+ producers to maintain their current policy, but signs emerged that staying the course might fall short of...

Analysts are now divided over whether Saudi Arabia and Russia will keep the group on course with its current output policy, or further curtail production. "The recent inconsistent rhetoric from the two heavyweights certainly threw the spanner in the works and it is hard to predict the outcome," said Tamas...