“Progress towards a resolution can only be reached through negotiation by the two governments,” State Department spokesperson Vedant Patel said.

Iran's Space Agency said the Khayyam satellite is entirely designed and built to meet the needs of the country in crisis and urban management, natural resources, mines, and agriculture.

Films for children and youth from France, the United Kingdom and Saudi Arabia have topped the official selection list of 100 films for the 2022 edition.

Last year, this week, the Taliban launched a final offensive to win back control of the country they ran between 1996 and 2001.

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...

Iran said Monday it is examining a "final text" presented by the European Union at the negotiations in Vienna aimed at restoring a 2015 nuclear deal between Tehran and world powers. The comments came after a European official said the EU has tabled the "final" version of the text, negotiations...

The performance of the Gulf stock exchanges varied this week, affected by several factors and events, most notably the tension that rose between the US and China.

A top US official on Wednesday called China's military drills in response to US House Speaker Nancy Pelosi's visit to Taiwan irresponsible and warned of the danger of the situation spiraling out of control.

After cutting production in 2020 in response to falling prices during the Covid pandemic, OPEC+ began to modestly raise it last year and has renewed the policy every month.

A US central bank official still sees hope for the US and EU to avoid recession and achieve a soft landing by bringing inflation down to an acceptable level.

Two weeks after US President Joe Biden made the visit to the Middle East, Saudi Arabia and the UAE will receive billions of dollars worth missile defense systems from the US to shoot down incoming enemy missiles or aircraft. The kingdom has been attacked by missiles fired by Houthi rebels...

The sanctions block any assets the entities own under US jurisdiction and ban US persons or entities from doing business with them, effectively constricting their access to the global financial system.

Iran said Monday it remains "optimistic" about a possible revival of the 2015 nuclear deal after the European Union tabled a proposal aiming for a compromise in the talks stalled since March. "We remain optimistic that the negotiation process will lead us to a logical and reasonable outcome," foreign ministry...

Saudi Arabia's year-on-year economic growth in the second quarter was 11.8 percent compared to the same period last year, according to initial "flash" estimates published by the General Authority for Statistics. The Middle East's largest economy has benefited from a spike in oil prices and has resisted appeals from Western...

President Joe Biden's administration tried Friday to defuse heated Chinese warnings against a possible trip to Taiwan by US House Speaker Nancy Pelosi, as Beijing announced live-fire military drills in the Taiwan Strait.

The top diplomats of the United States and Russia spoke Friday for the first time since the Ukraine war, with Secretary of State Antony Blinken describing a "frank" exchange as he pushed to free two Americans. Blinken initiated the call with Foreign Minister Sergei Lavrov, whom he had shunned a...

While this was Biden's fifth talk with Xi since becoming president a year and a half ago, it's getting hard to mask deepening mistrust between the two countries amid a trade war and tensions over Taiwan. The latest flashpoint is a possible trip by Biden ally Nancy Pelosi to the...

In its latest World Economic Outlook, the International Monetary Fund cut the 2022 global GDP estimate to 3.2 percent, four-tenths of a point lower than the April forecast, and about half the rate seen last year.

Iran said Monday it will not be rushed into a "quick" deal reviving its faltering 2015 nuclear accord with world powers, as negotiations remain deadlocked. "They demand that Iran makes a quick decision, (insisting that) time is limited and Iran must respond quickly," foreign ministry spokesman Nasser Kanani said at...

French President Emmanuel Macron on Saturday told his Iranian counterpart Ebrahim Raisi that reviving the landmark 2015 deal on Tehran's nuclear capabilities was "still possible" but must happen "as soon as possible".

The remarks came amid heightened tensions between Iran and Western powers as talks in Vienna to revive a 2015 nuclear deal have been stalled since March.

Tokyo stocks opened higher on Wednesday as investors took heart from US rallies and other positive factors while awaiting a Bank of Japan policy decision later this week. A majority of analysts expect the Japanese central bank to keep its current easing policy but "speculation is lingering over a possible...

A center for manufacturing composite materials will be set up in Riyadh.

Stocks rose Monday following a rally on Wall Street in response to data indicating US consumers remained resilient to surging inflation and higher interest rates, easing concerns about a possible recession. Market analysts widely expect the central bank to announce a 75 basis-point lift.

Saudi Arabia announced joining Artemis Accords, affirming its commitment to sustainable space exploration guided by a common set of principles that promote the beneficial use of space for all of humanity.

Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih said that the Saudi-US and GCC-US summits, in the presence of Jordan, Iraq and Egypt, strengthens the solid relations and strategic partnership that exists among them.

On issues ranging from energy prices to human rights and Israel's role in the region, Biden could point only to small -- if any -- gains after four whirlwind days of meetings and speeches. There was no progress on the moribund Palestine peace negotiations.

The euro's plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has driven the two currencies to parity for the first time in two decades. The European single currency sank to $0.9952 on Thursday -- a level not seen since the end of...

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...