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...

(EQTSAD)- The economic crises in the Gulf countries, as a result of oil prices fall due to the Coronavirus pandemic, looming that a large part of the Syrian workers will lose their jobs, which will definitely affect a wide segment of the interior Syrians, particularly families that depend on...

Iraq's revenues from oil exports fell by over 50% in April due to the drastic drop in global oil prices, authorities said on Saturday. Baghdad exported over 103 million barrels of crude oil in April, generating approximately $1.42 billion at an average of $14 per barrel, the Iraqi Oil...