Iraq's Kurdish region has for decades lived off its oil wealth, but plummeting energy prices amid the pandemic and financial mismanagement are forcing locals to return to long abandoned farms.
Turkey’s president has announced the discovery of an additional 85 billion cubic meters of natural gas reserves in the Black Sea.
EU-funded YEP MED project to provide employment opportunities for the Mediterranean youth
Turkey's central bank, faced with a record-low currency and widening current account deficit, further left behind ultra-loose measures adopted during the coronavirus pandemic when it raised Monday the remuneration rate on required lira reserves.
Libya’s national oil company announced Sunday it is resuming production at the country’s largest oil field as rival officials from eastern and western Libya...
Business shutdowns amid the coronavirus pandemic imposed an economic cost, but removing restrictions is no guarantee of a quick recovery unless the virus is...
Egypt's inflation has fallen to some of its lowest levels in well over a decade, potentially triggering consultations with the International Monetary Fund...
The Dubai-based construction company that helped build the world's tallest building and other engineering marvels in the United Arab Emirates announced...
The Lebanese pound Saturday registered significant gains against the dollar, trading at around LL6,450 on the black market
The significant rise of the Lebanese pound against the U.S. dollar in the last couple of days was probably the first sign that the local market has reacted...
Big Tech is bracing for a tumultuous week marked by quarterly results likely to show resilience despite the pandemic, and fresh attacks from lawmakers ahead...
In February 1993, five years after taking over from his father at South Korea's Samsung Group, 51-year-old Lee Kun-hee was frustrated that he wasn't making...
Iran’s currency dropped Thursday to its lowest value ever at 300,000 rial for each dollar amid severe US sanctions against the country.
Saudi Arabia's economy shrank by 7% in the second quarter, a sign of how deeply the new coronavirus hit both the oil and non-oil sectors, while unemployment...
Qatar Airways received a 7.3 billion riyal ($1.95 billion) lifeline from the government of Qatar after losing 7 billion riyals in the year to March 31, the...
Iraq's oil ministry Thursday denied a media report citing Oil Minister Ihsan Abdul Jabbar as saying an agreement was imminent with the OPEC+ group to increase...
The tourism ministers of Israel and Bahrain held a first publicly acknowledged phone call Thursday and discussed possible ventures including three-way travel...
Dubai's DP World said Wednesday it is partnering with an Israeli group to bid for one of Israel's two main ports and possibly open a direct shipping line...
Oil-rich Gulf nations are relying on a well-worn playbook of spending less and borrowing more to get through the coronavirus crisis but with the outlook for...
Iran’s currency Saturday dropped to its lowest value ever against the dollar, and has seen its value fall by 30% since June amid severe U.
Israel’s biggest bank expects to strike deals soon with major lenders in the United Arab Emirates for the first time, its CEO said after meeting top Emirati...
Annual trade between Israel and the United Arab Emirates is expected to reach $4 billion, an Israeli minister said Monday.