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Iran to buy 40 ATR planes: vice minister

Iran expects to finalise within days a deal to buy up to 40 planes from ATR, the European manufacturer of turboprop aircraft, a deputy...

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...

US State Department Approves The Sale of 22,000 Bombs To Saudi...

The US State Department have approved a deal worth $1.3 billion. This equates to 22,000 smart bombs that are to be used in the...

Iran to Buy 114 Airbus Planes within Days

Iran will sign a contract this week to buy 114 Airbus planes from France, during a visit to Paris by Iranian President Sheikh Hassan...

Iran and India to Build $4.5 Billion Pipeline

A $4.5 billion pipeline that will carry 31.5 million standard cubic meters of gas per day between Iran and India has been proposed. Tehran and...

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...

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...

Iran’s Central Bank to get $32 bn of frozen assets after...

Iran will receive $32 billion of frozen assets after sanctions were lifted in a deal with world powers over its nuclear program, Iranian central...

Iran announces possibility to increase gas export

Director of Gas Transmission Operation (District 8) has announced the possibility to increase gas export or swap with Caucasus countries like Armenia and Azerbaijan. Yadollah...

$3 Billion Saudi Loan to Egypt

Saudi Arabia agreed to provide Egypt with more than $3 billion in loans and grants to help its dollar-starved economy. The kingdom will loan $1.5...