Greece’s oil debt with Iran resolved

The deputy oil minister of Iran has announced that the signing of a Memorandum of Understanding (MoU) has created a framework to settle Greece's...

Oil up 3 percent on outages, equities rally; big week for...

Oil rallied 3 percent on Friday, with U.S. crude futures headed for its largest weekly gain in seven years, after supply disruptions in Iraq...
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Iran’s first post-sanctions oil exports to Europe begin

Iran is poised to export its first oil shipments to Europe since international economic sanctions were lifted in mid-January, the oil ministry's SHANA news...

$4 billion Saudi investment into Egypt?

A Saudi businessman is in talks with Egyptian authorities over a $4 billion tourism resort in Egypt's Red Sea region of Sharm el-Sheikh, Egyptian...
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Jordan-Israel Red Sea to Dead Sea Canal

A canal connecting the Red Sea to the Dead Sea will rehabilitate the shrinking Dead Sea and supply drinking water to the people of...

Oman to leave the GCC?

The former Vice Chairman of Oman's Shurah Council, Saalem Al-Siyabi, tweeted on Saturday that his former government is hoping to work on a Gulf Cooperation Council (GCC) referendum that...
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Kuwait projects record deficit on falling oil income

OPEC member Kuwait projected a record budget deficit for the fiscal year starting April 1 on the sliding price of oil, the finance ministry...

Arab nations eye China, domestic market to revive tourism

Arab nations are looking to Chinese visitors to revive their tourism sectors, battered by security fears, and also need to develop homegrown tourism as...
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Aviation Industry Eying Potential Iceland Volcano

The aviation industry has been warned about the possibility of flight disruptions caused by activity at Iceland's largest volcano system. Intense seismic tremors have...

Gulf Shares in Free Fall after Oil Rout, Iran Deal Implementation

Share prices in the energy-rich Gulf states nosedived Sunday following the sharp decline in oil prices as Iran prepares to resume crude exports after...
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