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London: Oil rose on Monday after Saudi crude production unexpectedly fell in July and US drilling appeared to slow, although the price is still almost 10...

Ankara: Iran will ease foreign exchange rules, state TV reported on Sunday, in a bid to halt a collapse of the rial currency that has lost half its value...

Dubai: IranAir took delivery of five more ATR turboprop aircraft, Iranian state media said on Sunday, shortly before Washington imposes new sanctions on...

Muscat: The S&P GCC index ended higher by 2.2 per cent in July, pushing the year to date returns to 12.4 per cent, according to a new report. Both MSCI EM...

Istanbul: Turkey's July inflation hit its highest in more than 14 years on Friday, touching nearly 16 per cent on an annual basis as food prices surged,...

Singapore: Saudi Aramco has cut the September price for its Arab Light crude grade for Asian customers by $0.70 a barrel versus August to a premium of $1.20...

Lebanon faces a political impasse three months after an election produced a parliament tilted in favour of Hezbollah, with no sign of compromises needed to...

London: Iranian lawmakers have given President Hassan Rouhani one month to appear before parliament to answer questions on his government's handling of...

London: Oil slipped below $74 a barrel on Wednesday, pressured by an industry report that US stockpiles of crude rose unexpectedly and by higher Opec...

* U.S. pullout from nuclear pact "illegal" -Iran president * Trump untrustworthy so talks wouldn't work -Iran minister * Engaging Trump would...