Oil prices rose on Tuesday, extending gains from the previous session, on expectations that fuel demand will begin to recover as some U.S. states and nations in Europe and Asia start to ease coronavirus lockdown measures. West Texas Intermediate crude CLc1 futures rose as much as 8.2% to a...

Jordan's cash-strapped economy is expected to contract around 3 percent in 2020 due to the impact of the coronavirus as government revenue plunges due to a tight lockdown that paralyzed businesses, the finance minister said Sunday. The International Monetary Fund (IMF), which last March...

Iran's parliament has passed a bill allowing the government to slash four zeros from the rial, Iranian state media reported Monday, after a sharp fall in the value of the currency as a result of crippling U.S. sanctions. Iran's national currency will be changed from the rial to the Toman,...

Malls in the United Arab Emirates' capital Abu Dhabi began reopening to a restricted number of customers this weekend as the UAE eases lockdown measures imposed more than a month ago to combat the novel coronavirus. Three Abu Dhabi malls reopened on Saturday at 30 percent customer capacity...