Russia never sought a sharp oil price fall or an end to cooperation with Organization of Petroleum Exporting Countries (OPEC), and the Gulf nations are to blame for the crisis on the global oil markets, a senior Russian official said. In early March, Russia and OPEC failed to agree how...

Equity markets in the Middle East extended losses Sunday despite regional governments trying to blunt the impact of coronavirus with economic stimulus measures. Abu Dhabi’s main gauge lost the most in the region, while shares in Dubai, Saudi Arabia, Qatar and Bahrain also fell. The losses...

Dubai carrier Emirates Airlines announced Saturday it would suspend flights to dozens more cities, taking its total route closures past 100, in a bid to forestall the spread of coronavirus. The United Arab Emirates on Friday announced its first two deaths from the disease. Total...

Russia and Saudi Arabia have good relations when it comes to oil markets and Moscow does not need anyone else to intervene, the Kremlin said on Friday, when asked to comment on a statement by U.S. President Donald Trump saying he planned to get involved. Trump said on Thursday he would get...