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Oil tanker explodes in Sierra Leone; scores feared dead

FREETOWN, Sierra Leone (AP) — Scores of people were feared dead near Sierra Leone’s capital Saturday after an oil tanker exploded while large crowds had gathered to collect leaking fuel, officials and witnesses said. The explosion took place in the early hours after a bus struck the...

Gulf Arab states, squeezed by climate change, still tout oil

The global energy transition is perhaps nowhere more perplexing than in the Arabian Peninsula, where Saudi Arabia and other Gulf monarchies are caught between two daunting climate change scenarios that threaten their livelihoods. In one, the world stops burning oil and gas to cut down on...

IMF sees economic growth with higher inflation for Mideast

(AP) — The Middle East is expected to see significant economic growth this year, but also soaring inflation and food prices, as coronavirus vaccines are unevenly rolled out across the region, the International Monetary Fund said Tuesday. The lender's new report projects the region's...

UAE discusses investment with Syria amid foreign policy shift

The United Arab Emirates and Syria are considering ways to increase economic and investment cooperation as the Persian Gulf nation seeks to redirect its foreign policy to serve economic interests.  UAE Economy Minister Abdulla bin Touq Al Marri met Syrian counterpart Mohammed Khalil on...