Finance

LONDON, Britain is “confident” that Iran is to blame for yesterday’s attack on two oil tankers in the Gulf of Oman, its Foreign Office said in a statement on Friday.”Our own assessment leads us to conclude that responsibility for the attacks almost cer…

VIENNA, The price of OPEC basket of fourteen crudes stood at USD 61.01 a barrel on Wednesday, compared with USD 62.56 the previous day, said the international oil organization on Thursday.The annual average of the OPEC basket price hit USD 52.43 pb in …

LONDON, The UK condemned on Thursday the recent rocket attack carried out be Houthi rebels on Abha International Airport in Saudi Arabia.”These assaults are utterly unacceptable,” said British Secretary of State for Middle East and North Africa Andrew …

KUWAIT, Kuwait’s non-oil exports edged up by 17 percent in May, compared with the same month of last year, the Ministry of Commerce and Industry said on Tuesday.Kuwait’s total exports to Arab and foreign countries hit roughly KD 9.4 million (around USD…

ABU DHABI, UAE’s Foreign Minister Sheikh Abdullah bin Zayed Al-Nahyan said on Sunday that his country welcomes any effort aimed to defuse the current tension in the region.The UAE aspires to maintain stability and tranquility in Middle East and Arabian…

TOKYO, Japan’s economy in the January-March period grew faster than initially estimated and at the fastest pace in over two years, chiefly due to better-than-expected capital expenditure, the government said Monday.The world’s third-largest economy’s G…

ABU DHABI, Crown Prince of Abu Dhabi Sheikh Mohammad Al-Nahyan on Sunday discussed bilateral relations with German Foreign Minister Haikou Mas.This came during a meeting in Abu Dhabi between Sheikh Mohammad and German Foreign Minister Mas, who is curre…

ANKARA, Greek President Prokopis Pavlopoulos called Saturday on Turkey to make peace based on “full respect” of both European and international laws.Athens sends a message to the neighboring nations, mainly Turkey, that Greek people are determined to l…

MADRID, Outgoing premier Pedro Sanchez said on Thursday he would begin negotiations with main political parties next week on the formation of a new government following his nomination by the King.Sanchez’s announcement came after Span’s King Felipe VI …

TOKYO, Japanese Prime Minister Shinzo Abe will visit Iran next week to hold talks with top officials, the government said Thursday.This would be the first visit by an incumbent Japanese premier in 41 years amid escalating tension in the Middle East.The…