RIYADH (Reuters) – Saudi Arabia’s 84-year-old ruler, King Salman bin Abdulaziz, has been admitted to hospital in the capital Riyadh, suffering from inflammation of the gall bladder, state news agency SPA said on Monday. The king, who has ruled the world’s larg... More »
DUBAI (Reuters) – Saudi Arabia’s central bank governor said it was encouraging commercial banks to lend more to sustain businesses during the coronavirus crisis. Saudi Arabian Monetary Authority (SAMA) Governor Ahmed al-Kholifey was speaking at a virtual econo... More »
DUBAI (Reuters) – Japan’s Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T) expects countries in the six-nation Gulf Cooperation Council (GCC) to be in deep recession this year with overall real GDP contracting 3.7% from a previous growth forecast of 2.9%. Th... More »
LONDON (Reuters) – Deep oil output cuts by OPEC and other producing nations would not be enough to prevent a huge build in global crude inventories in the second quarter as measures to contain the coronavirus lead to “unprecedented” demand loss, the head of th... More »
DUBAI/LONDON/MOSCOW (Reuters) – OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10% of global supply, an OPEC source said after U.S. President Donald Trump called on oil nations to stop the oil rout caused by the ... More »
DUBAI (Reuters) – Kuwait’s Health Ministry announced 10 new cases of coronavirus in the country on Monday bringing the total number to 56, a ministry official said. The official, who was speaking during a news conference broadcast on state television, urged ci... More »
DUBAI (Reuters) – Oman’s energy minister Mohammed bin Hamad al-Rumhy told Reuters on Monday he fully supported Saudi Arabia’s readiness to react to any impact the new coronavirus could have on the oil market. “Oman fully supports the statement (and the spirit)... More »
LONDON (Reuters) – A wave of social unrest across developing countries this year has caught many investors off-guard and is challenging models designed to gauge political risk for investors, prompting some to pull money out. That has led to worries that a with... More »
BIARRITZ, France (Reuters) – Iran has an opportunity to come back into compliance with the nuclear deal and resume dialogue about its nuclear activities, British Prime Minister Boris Johnson said on Monday. U.S. President Donald Trump said earlier he would mee... More »
BEIJING (Reuters) – The Chinese government’s top diplomat warned on Tuesday that the world should not open a “Pandora’s Box” in the Middle East, as he denounced U.S. pressure on Iran and called on it not to drop out of a landmark nuclear deal. Fears of a confr... More »
WASHINGTON (Reuters) – The United States is preparing to send additional troops to the Middle East in response to mounting concerns over Iran, which Washington blames for attacks on oil tankers last week, two U.S. officials told Reuters on Monday, speaking on ... More »
WASHINGTON (Reuters) – The U.S. military on Monday released new images it says showed Iran’s Revolutionary Guard (IRGC) removing an unexploded limpet mine from a Japanese-owned tanker that was attacked on June 13 in the Gulf of Oman, as Washington blames Tehra... More »
TOKYO (Reuters) – Japanese prosecutors indicted former Nissan Motor Co Chairman Carlos Ghosn on Monday on a charge of aggravated breach of trust, a Tokyo court said, bringing a fourth charge against him on the day his detention period was set to expire. Ghosn’... More »
TOKYO (Reuters) – Carlos Ghosn on Monday applied for bail following his latest indictment over aggravated breach of trust, as the former Nissan Motor Co chairman fights his fourth indictment over financial misconduct. Ghosn’s defense team filed the bail reques... More »
TOKYO (Reuters) – The lead lawyer for Carlos Ghosn said he expected a fresh indictment for the former Nissan Motor Co boss to come later on Monday. “We haven’t heard of an indictment yet. I expect it will be this afternoon,” Junichiro Hironaka told reporters o... More »
ABU DHABI (Reuters) – White House adviser Jared Kushner is visiting U.S.-allied Gulf Arab states to seek support for a long-awaited peace proposal for the Middle East that he said would require concessions from both Israelis and Palestinians. Kushner, who is U... More »
JERUSALEM (Reuters) – Prime Minister Benjamin Netanyahu said on Monday that Israeli airliners would be able to overfly Sudan en route to South America, part of Israel’s drive to improve ties with Muslim countries and isolate arch-foe Iran. Encouraged by the Tr... More »
U.S. Secretary of Defence Jim Mattis addresses a news conference during a NATO defence ministers meeting at the Alliance headquarters in Brussels, Belgium, February 15, 2018. REUTERS/Francois Lenoir MUSCAT (Reuters) – U.S. Defense Secretary Jim Mattis said on ... More »
An employee shows the logo of ride-hailing company Careem on his mobile in his office in the West Bank city of Ramallah July 17, 2017. Picture taken July 17, 2017. REUTERS/Mohamad Torokman DUBAI (Reuters) – Careem, a Middle East competitor to Uber Technologies... More »
A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017 . REUTERS/Christian Hartmann LONDON (Reuters) – Oil prices rose on Friday, following an agreement by OPEC and other major producers to extend output curbs until the end... More »
Abu Dhabi opens its Louvre museum on Saturday, positioning itself as a city of cultural tourism with a display of hundreds of works that it hopes will draw visitors from around the world. More »
Imagine contact lenses that monitor glucose levels for diabetics, tiny implants to tackle chronic diseases, or algorithms that crunch data to predict illness rates. More »
U.S. President Donald Trump said he would discuss trade and military issues with the emir of Kuwait at the White House on Thursday, as well as tensions over Qatar. More »
Qatar will build a stadium shaped like an Arabian skull cap for the 2022 World Cup, organizers said on Sunday, as the Gulf state moves ahead with preparations for the tournament despite a diplomatic rift with its neighbors. More »
FILE PHOTO: The logo of Qatar Petroleum is seen at its headquartes in Doha, Qatar, July 8, 2017. Picture taken July 8, 2017. Qatar’s tensions with its neighbors are making world markets edgy about any hint of financial instability among the Gulf economies, who... More »
Qatar’s Finance minister Ali Sherif al-Emadi speaks during a briefing on the financial outlook for Qatar, in Doha, Qatar, February 7, 2017. REUTERS/Naseem Zeitoon Qatar can easily defend its economy and currency against sanctions by other Arab states, Qatari f... More »
A logo of Emaar is seen near the Dubai Mall March 16, 2014. REUTERS/Ahmed Jadallah Emaar Malls will buy a 51 percent stake in e-commerce fashion website Namshi from Global Fashion Group, a firm backed by Rocket Internet, for $151 million, a sign of growing dem... More »
Chinese dissident artist Ai Weiwei takes a selfie with women at the Islamic Art Museum in Doha, Qatar, April 11, 2017. Picture taken April 11, 2017. REUTERS/Tom Finn Chinese artist Ai Weiwei called on wealthy Gulf Arab states to take in more Syrians displaced ... More »
FILE PHOTO: U.S. President Donald Trump faces a news conference at the White House in Washington, U.S., February 16, 2017. REUTERS/Kevin Lamarque The Trump administration is preparing new executive orders to re-examine all 14 U.S. free trade agreements and rev... More »
FILE PHOTO: Iran’s President Hassan Rouhani attends a meeting during the Asia Cooperation Dialogue (ACD) summit at the Foreign Ministry in Bangkok, Thailand, October 10, 2016. REUTERS/Athit Perawongmetha/File Photo Iranian President Hassan Rouhani said his cou... More »
FILE PHOTO – A drop of diesel is seen at the tip of a nozzle after a fuel station customer fills her car’s tank in Sint Pieters Leeuw December 5, 2014. REUTERS/Yves Herman Oil slipped further below $56 a barrel on Wednesday as an industry report showing a larg... More »
Iran’s President Hassan Rouhani presides over a meeting of the Supreme Council of Cultural Revolution, in Tehran, Iran February 7, 2017. President.ir/Handout via REUTERS Iranian President Hassan Rouhani will visit Oman and Kuwait on Wednesday, state media repo... More »
The Bay family is reunited after Hamed Bay was separated from other passengers and questioned as a result of U.S. Donald Trump’s executive order travel ban, at Logan Airport in Boston, Massachusetts, U.S. January 28, 2017. Hamed Bay was traveling back to the U... More »
A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC’s headquarters in Vienna, Austria December 10, 2016. REUTERS/Heinz-Peter Bader OPEC and non-OPEC countries have made a strong start to loweri... More »
Oman announced on Monday that it had taken in 10 prisoners released by the United States from its Guantanamo Bay military prison, part of a push by outgoing President Barack Obama to shrink the inmate population before leaving office. More »
A flame rises from a chimney at Taq Taq oil field in Arbil, in Iraq’s Kurdistan region, August 16, 2014. REUTERS/Azad Lashkari Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, ... More »
Prominent Emirati businessman Mohamed Alabbar said on Sunday he had teamed up with Saudi Arabia’s Public Investment Fund (PIF) and other private investors to launch a $1 billion Middle Eastern-focused e-commerce platform. More »
A court in Oman on Monday ordered the permanent closure of a newspaper which had reported on alleged corruption within the judiciary, and jailed three of its journalists on charges that included undermining the prestige of the state. More »
A person touches the south reflecting pool at the National September 11 Memorial and Museum on the 15th anniversary of the 9/11 attacks in Manhattan, New York, U.S., September 11, 2016. REUTERS/Andrew Kelly The Saudi-dominated Gulf Cooperation Council (GCC) on... More »
By Libby George | LONDON LONDON Oil prices rose on Monday to their highest in nearly a month, with benchmark Brent crude trading more than 10 percent above the start of August, as speculation intensified about potential producer action to support prices in an ... More »
DUBAI The International Monetary Fund said it was encouraged by the efforts of Saudi Arabia and other Gulf Arab oil exporters to repair damage to their state finances as low crude prices slash export revenues. “I do see in a number of countries action to addre... More »
MOSCOWRussia and Iran have signed a contract for Moscow to supply Tehran with S-300 surface-to-air missile systems, Sergei Chemezov, the chief executive of Russian state-owned defense conglomerate Rostec, was quoted by the RIA news agency as saying on Monday. ... More »
MUSCAT The sharp sound of a sorna, an Iranian oboe-like instrument, pierced the silence of Muscat’s Royal Opera House. Tandem drums drove an urgent rhythm, and a chorus of voices rose in volume to fill the auditorium. As other Gulf Arab countries fret over wha... More »
SINGAPORE (Reuters) – Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia for a second month, signaling better demand in the region. International benchmark Brent regained ground after tumbling as much ... More »
WASHINGTON (Reuters) – President Barack Obama said he would have a “tough conversation” with America’s Gulf Arab allies in which he would promise strong U.S. support against external enemies but tell them they must address internal political challenges. In an ... More »
