In a joint statement following the summit -- attended the GCC member states, Jordan, Egypt, Iraq and the US -- the leaders also vowed to enhance regional cooperation and integration, and build joint projects to achieve sustainable development and collectively address the climate challenges.

Saudi Crown Prince Mohammed bin Salman warned that unrealistic policies to curb emissions could fuel inflation, as he chaired a summit bringing together Arab leaders and US President Joe Biden.

US President Joe Biden on Saturday invited his UAE counterpart, Sheikh Mohamed bin Zayed Al-Nahyan, to visit the United States this year.

The United States Mission to Saudi Arabia has announced that Saudi citizens visitor visas (B1/B2) validity has been increased from five to 10 years and it will be applicable from August 1, 2022.

US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in Saudi Arabia, the final stop of his Middle East tour. The meeting in Jeddah will bring together leaders of the six-member Gulf Cooperation Council as well as Egypt, Jordan and...

Stocks soared Friday after retail sales data showed that US consumers continue to spend more in the latest signal of the economy's resilience despite high inflation and rising interest rates. Wall Street pushed higher on a better-than-expected 1.0 percent rise in retail sales in June.

The agreements -- covering space, investment, energy, communications and health -- aim to strengthen bilateral relations between the two countries.

Wall Street stocks rose early Friday as markets cheered unexpectedly strong US retail sales and better-than-expected results from Citigroup. After a pair of grim readings on US consumer price and wholesale inflation the last two days that pressured stocks, markets were pleased by data showing US retail sales jumped one...

US President Joe Biden held joint investment talks Thursday with Israel, India and the United Arab Emirates, as Washington seeks to counter the global reach of China. The multilateral summit was convened in Jerusalem where Biden is on his first Middle East tour as president, with leaders from India and...

The US will use "all elements of its national power" to stop Iran from acquiring nuclear weapons, President Joe Biden pledged in a security declaration signed with Israel on Thursday. In the document inked by Biden and Israeli Prime Minister Yair Lapid in Jerusalem, the two countries "reaffirm the unbreakable...

Israeli journalist Yoav Limor's freindly experience in Saudi hints at changes in Saudi public opinion that officials hope could one day lay the groundwork for a formal bilateral ties.

Japanese electronics giant Panasonic said Thursday it will spend $4 billion to build a new battery factory in the United States for electric vehicles.

US inflation surged to a fresh peak of 9.1 percent in June, further squeezing American families and heaping pressure on President Joe Biden, whose approval ratings have taken a battering from the relentless rise in prices. The 9.1 percent CPI spike over the past 12 months to June was the...

Global stocks fell Wednesday and the euro dipped below $1.00 for the first time in nearly 20 years after data showed a surge in US inflation last month, convincing investors that further increases in borrowing costs are on their way.

Victims of Lebanon's deadly 2020 port blast have filed a quarter-billion-dollar lawsuit against a US firm for its suspected links to the tragedy, a Swiss foundation assisting the plaintiffs said Wednesday. Accountability Now said in a statement that the claim was filed this week in Texas against US-Norwegian geophysical services...

US President Joe Biden lands in the Middle East on Wednesday for a trip that will see Israeli leaders urge tougher action against Iran, before a delicate stop in Saudi Arabia. The 79-year-old president's visit to Jeddah on Friday will be the focus of the tour.

Tokyo stocks opened higher on Wednesday ahead of a key US inflation report and with worries growing over rising Covid-19 cases in Japan and abroad. The benchmark Nikkei 225 index was up 0.53 percent in early trade, while the broader Topix index edged up 0.43 percent.

The region is better placed to deal with global slowdown as oil and gas prices will stay high due to supply restrictions, Jean Claus, CEO of Allianz Trade Middle East, tells TRENDS.

Tehran hit out Tuesday at what it called Washington's "contradictory" policies, after President Joe Biden vowed to pile pressure on Iran ahead of a visit to US allies in the Middle East. Biden has been seeking to restore the Iran nuclear deal that was abandoned by his predecessor Donald Trump.

Ahead of Joe Biden's first visit to Jerusalem as US president, Washington's ambassador said his team will "pound tables" to press Israeli officials into making concessions to the Palestinians.

US President Joe Biden said Saturday he aims to "strengthen a strategic partnership" with Saudi Arabia during a visit there next week, but added that he will hold true to "fundamental American values." Biden is expected to press for increased Saudi oil production in the hope of taming spiraling fuel...

Recession worries pushed the price of Brent oil briefly back under $100 on Wednesday, and the euro moved closer to parity with the dollar. European stocks rebounded thanks to lower bond yields and bargain hunting, while US stocks also advanced, climbing after Federal Reserve minutes maintained a tough line on...

Tokyo shares opened higher Thursday after minutes from a Federal Reserve meeting showed that US central bankers are determined to fight inflation despite recession worries. The dollar was at 135.86 yen, compared with 135.93 yen on Wednesday in New York.

Top officials from the United States and China held a "candid" video call on Tuesday to discuss global economic challenges, especially regarding supply chains. The exchange between Chinese Vice Premier Liu He and US Treasury Secretary Janet Yellen came as President Joe Biden considers lifting some tariffs on imports from...

Palestinians reject the findings. A senior Palestinian Authority official said "we will not allow attempts to conceal the truth or to have shy references in pointing the finger of accusation (at) Israel".

Global oil prices may hit $380 a barrel if Russia were to announce crude oil cuts in response to the US and European curbs.

Israel is to conduct a ballistics test on the bullet that killed Al Jazeera journalist Shireen Abu Akleh, the Israeli army said Sunday, a day after the Palestinian Authority handed the bullet to US experts.

Tokyo stocks opened higher on Monday as investors took heart from gains on Wall Street while staying cautious over the economic impacts of inflation. The dollar fetched 135.02 yen in early Asian trade, against 135.28 yen in New York late Friday.

The Palestinian Authority handed the bullet that killed Al Jazeera journalist Shireen Abu Akleh to US forensic experts on Saturday as it seeks to prove conclusively that it was fired by an Israel soldier.

The move aims to deepen Doha-based bank's presence in US real estate market.

Talks between the United States and the Taliban continued in Doha earlier this week to discuss earthquake aid, the State Department said Friday, months after the two parties last meet in the Qatari capital in March.

Are China and Russia taking over the US power in the Gulf Cooperation Council region? Khaled Janahi, chairman of Vision 3, tends to disagree. “I would question the question because there are a lot of people thinking that already China and Russia are taking over. There is difference between relationship...

The talks aim to bring the United States back into a 2015 deal jettisoned by the Donald Trump administration in 2018.

The world's largest economy has been battered for months by a cresting inflation wave, made more painful by the surge in energy prices sparked after Russia's invasion of Ukraine.

Indirect talks in Qatar's capital between Iran and the US on reviving a 2015 nuclear deal have concluded with "no progress made", a State Department spokesperson said late Wednesday. Foreign Minister Hossein Amir-Abdollahian had said Iran was "serious" about finalizing a deal in Doha, but that it wouldn't cross its...

US special envoy Robert Malley and Iran's Ali Bagheri have landed in Doha and met officials after more than a year of European Union-mediated talks in Vienna on a return to the 2015 agreement.

The United States has hinted that more Arab nations could take steps to improve ties with Israel, ahead of President Joe Biden's trip to the Middle East.

G7 leaders including US President Joe Biden gather on Sunday in southern Germany, seeking emphatic backing for Ukraine against Russia's invasion while grappling with the intensifying global fallout of the war. Ahead of the talks, British Prime Minister Boris Johnson urged allies not to waver in their support.

European Union foreign policy chief Josep Borrell is set to travel to Tehran on Friday for a surprise visit that could breathe new life into stalled talks on reviving the 2015 Iran nuclear deal. Borrell was due to arrive in the Iranian capital at night to meet Foreign Minister Hossein...

Joe Biden pitched a temporary fuel tax break Wednesday to help American drivers face the highest inflation in four decades, but critics called it window dressing by an unpopular US president ahead of difficult midterm elections.

Blinken, in a telephone call to Foreign Minister Yair Lapid, who will become caretaker prime minister confirmed that President Joe Biden still plans to visit Israel next month

The market benefited from an exuberant 2021 holiday shopping season across the regions, with a seven percent increase over the same period in 2019.

One big factor for more HNWIs making their way to the UAE is the ongoing war in Ukraine which has triggered the biggest emigration of millionaires from Russia over the last six months, with forecast net outflows of 15,000 by the end of 2022 -- a massive 15% of its...

Lebanon Tuesday made a new offer to a visiting US mediator over a maritime border deal with Israel, holding back on demands for territory where Israel plans to imminently extract gas, an official said. Beirut's proposal however included a claim for all of a separate field that it had initially...

Saudi Arabia has required would-be hajj pilgrims from many Western countries to apply for visas via a government portal online, a move intended to crack down on "fake" travel agencies, officials told AFP on Monday. The new system was put in place as the kingdom prepares to welcome 850,000 Muslims...

Iran and Venezuela signed a 20-year deal on cooperation between the two allies subject to US sanctions during a visit Saturday to the Islamic republic by Venezuelan President Nicolas Maduro.

Hundreds of people and several lawmakers protested Saturday in southern Lebanon against Israel moving a gas production vessel into an offshore field partly claimed by Beirut. Lebanon's powerful Iran-backed Hezbollah group this week warned Energean against proceeding with its activities.

President Joe Biden on Friday slammed ExxonMobil for not producing more oil, as soaring gas prices deplete Americans' wallets and the US leader's popularity ahead of midterm elections.

Dubai Multi Commodities Centre and Brooklyn Chamber of Commerce have signed an agreement to work together to promote trade and support the international expansion of American businesses through Dubai. DMCC will work with the Brooklyn Chamber to support New York-based businesses in setting up their operations in Dubai, utilizing the...

European stock markets retreated at the open Friday following losses in Tokyo, with all eyes on US inflation data and its impact on the outlook for interest rate rises. London's benchmark FTSE 100 index dropped 0.5 percent to 7,442.31 points.