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...

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...

UAE-China $10 Billion Investment Fund

The United Arab Emirates and China have agreed to found a $10 billion co-investment fund to strengthen trade ties with other Gulf nations and...

$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...

Iran Boycotts 227 American Products

With the lifting of sanctions in Iran looking, Tehran has labeled 227 products from the United States to be boycotted. Ayatollah Khamemeneio wrote to President...

Syria begins fruit, vegetable exportation to Russia

Kommersant have reported that Syria has begun exporting fruit and vegetables to Russia. This comes as a Russian imposed ban on exporting Turkish foods...

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...

Qatar’s new port makes progress

The new $7.4 billion Hamad Port in Qatar received its first ship in July, but only yesterday announced that it will begin accepting commercial...

Bank of America Settles to the Tune of $17 billion over...

America’s second largest lender has reached a $16.65 billion settlement with US federal authorities over selling bad mortgages, the Justice Department said Thursday. The bank...

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...