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...

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...

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...

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...

Multinationals ready to jump into Iran market

With global growth moribund, multinational firms have been waiting with bated breath for the lifting of international sanctions against Iran for access to a...

Turkish businesses hope to increase trade with Greece

With Greek Prime Minister Alexis Tsipras' visit to Izmir planned for February, Turkish businesses will call for the removal of restrictions so they can...

$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...

Egypt and Chinese economic cooperation to strengthen

Egypt has announced it will be offering China investment projects into electric-generation, railway and train carriage constructions, and many others. These will be proposed...

Saudi Arabia to increase oil drastically

Saudi Arabia announced a record budget deficit and cuts to fuel and utility subsidies as the oil powerhouse suffers from a drastic fall in...

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...