(EQTSAD)- A 65-million-euro contract with the Iranian ArdMachine company to construct five wheat flour mills in Syria, come to surface over low quality standards as first mill got out of service.  The first mill in Umm al-Zaytun town in southern Sweida province was launched...

South Africa aims to free up over a billion dollars in stalled weapons sales, including to Saudi Arabia and United Arab Emirates, by amending a document at the heart of an export row, a senior arms control official told Reuters. Local defence firms have lobbied the government for months to...

Russia on Thursday rejected proposals to slash crude output at an OPEC+ meeting, media reported, and asked for more time to assess the impact of a new coronavirus on crude prices. Delegates of the Organization of the Petroleum Exporting Countries and non-member Russia -- together known as...

Oil prices jumped by more than 3% on Wednesday on reports that scientists have developed an effective drug against the fast-spreading coronavirus that has weighed heavily on global economic activity. News that the Organization of the Petroleum Exporting Countries and its producer allies are...