A new, 5,000 Syrian Lira bank note goes into circulation Sunday, the largest denomination in the country reeling from a decade of conflict and a crippling economic crisis.
Oil cartel OPEC saw production rise in December, as Libya's energy sector sprang back to life following a ceasefire deal in the war-torn country.
Iran's oil exports have climbed in recent months and its sales of petroleum products to foreign buyers reached record highs despite U.S. sanctions, the oil minister said on Friday.
Piles of plush carpets line the floors of a northern Iraq shopping center hosting traders from neighboring Iran who hope the spangle of their ornate handicrafts might offer a lifeline out of poverty.
Qatar Investment Authority is generating strong returns on a multi-billion dollar bet it made on distressed debt and highly rated bonds at the start of the...
Syria said on Sunday it would import more crude oil to cover fuel shortages it blames on Western sanctions that disrupted regular Iranian oil shipments that...
A rebound in Jordan's economic growth to a forecast 2.5% in 2021 depends on continued economic activity during the coronavirus pandemic, the country's finance...
Dubai on Saturday unveiled the signature pavilion for the upcoming Expo 2020, the world's fair that is scheduled to open later this year even as the global...
The Lebanese pound slightly rose against the dollar Saturday, trading at LL8,750 on the black market.
The Lebanese pound retreated against the dollar Friday, trading at LL8,850 on the black market, after mediators failed to arrange a meeting between the...
Bitcoin slumped 10% on Thursday to a 10-day low, retreating further from record highs, with traders citing fears of tighter U.S. regulation.
European car sales plunged by nearly a quarter last year as the pandemic provoked the worst crisis ever to hit the capital-intensive industry.
Iraq agreed a $2.625 billion deal with South Korea's Daewoo Engineering & Construction (047040.KS) on Wednesday to build the first phase at its planned Faw...
In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts...
Iran's state gas company said on Monday it had slashed supplies to neighbouring Iraq over arrears of more than $6 billion, after the Iraqi electricity...
Dubai said Sunday it expects to cut its budget to $15.5 billion in 2021 after its economy was impacted by a plunge in tourism and other sectors amid the novel...
Iraq's government has agreed to sign a $2.625 billion contract with South Korea's Daewoo Engineering & Construction to build the first phase at its planned...
Oman will start reforming its expensive system of subsidies in January by shifting the focus of its electricity and water spending to its poorest citizens,...
Russian Foreign Minister Sergey Lavrov said Russia supplied 100,000 tonnes of wheat to Syria as humanitarian aid since the start of 2020 and plans to ship...
Saudi Arabia plans to cut more than 7 percent in spending next year, the finance ministry said, as the region’s biggest oil producer seeks to trim a gaping...
The leaders of Iran and Afghanistan on Thursday inaugurated the first railway link between the two countries, expressing hope it would enhance trade links...
Trade between the United Arab Emirates and Israel could grow to at least $5 billion, the chairman of Dubai's biggest port operator said on Monday.
Iran has instructed its oil ministry to prepare installations for production and sale of crude oil at full capacity within three months, state media said on...