The Spanish government said on Thursday it would pump hundreds of millions of euros into the country's tourism sector to help it deal with the fallout from travel giant Thomas Cook's bankruptcy. The move comes days after the Spanish hotel federation warned that hundreds of hotels faced...

Iran said on Monday that it is on track to create a new oil terminal on the Sea of Oman that would open a new export route for its crude and allow tankers to bypass the strategic Strait of Hormuz. The National Iranian Oil Company signed a contract worth around $52 million Monday with three...

A masterpiece by a late Ottoman master was sold at auction on Saturday in London for over 6.3 million pounds (almost $7.4 million). The 1880 painting, Girl Reading the Quran, was the work of Osman Hamdi Bey, a pioneer of Turkish painting who died in 1910, and was sold at the Bonhams auction...

The Mediterranean's leading tourist hotspots were bracing Tuesday for a "tsunami" of losses, which could amount to hundreds of millions of euros, following the devastating collapse of British tour operator Thomas Cook. Beyond the urgent need to repatriate hundreds of thousands of tourists,...