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Jordan to revive once flourishing trade route after Nasib Crossing capture

Jordan to revive once flourishing trade route after Nasib Crossing capture

  (Zaman Al Wasl)- Two good news the Jordanian government has received in four days that may lessen the deteriorating economy crisis as the main border crossings in Syria have turned under the regime control. Nasib border crossing with Jordan and al-Tanaf border crossing with Iraq...

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World oil supply risks being 'stretched to limit': IEA

World oil supply risks being 'stretched to limit': IEA

Rising global oil supply, driven by crude giants Saudi Arabia and Russia, may come under pressure as key producers face disruptions, the International Energy Agency said Thursday. The IEA welcomed in its July report last month's agreement between the Organization of the Petroleum...

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France says Europe united against U.S. tariffs

France says Europe united against U.S. tariffs

The French government insisted Sunday that Washington should expect united retaliation from Europe to further tariff increases after Germany signaled it was prepared to negotiate. With Germany’s powerful car industry facing the threat of higher U.S. duties, Chancellor Angela Merkel...

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Germany's top court OKs use of VW documents in diesel probe

Germany's top court OKs use of VW documents in diesel probe

Germany's highest court says investigators can examine internal documents seized last year from automaker Volkswagen as part of a probe into the diesel emissions scandal. The Federal Constitutional Court Friday dismissed a legal complaint from Volkswagen seeking to block authorities...

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US offers German car bosses 'zero tariffs' solution to trade row-Handelsblatt

US offers German car bosses 'zero tariffs' solution to trade row-Handelsblatt

The U.S. ambassador to Germany has told German car bosses that President Donald Trump would suspend threats to impose tariffs on cars imported from the European Union if the bloc lifted duties on U.S. cars, a German newspaper reported Wednesday. Handelsblatt said Ambassador Richard...

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Merkel warns Trump against trade war over car tariffs threat

Merkel warns Trump against trade war over car tariffs threat

German Chancellor Angela Merkel Wednesday warned U.S. President Donald Trump against unleashing an all-out trade war after he threatened to impose steep tariffs on cars from the European Union. Both sides were already locked in a "trade conflict" since Trump's decision to slap punitive...

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US wants to reduce Iran's oil revenue to zero

US wants to reduce Iran's oil revenue to zero

The U.S. wants to reduce Iran’s oil revenue to zero, the State Department director of policy planning said Monday. "We are working to minimize disruptions to the global market but we are confident there is sufficient global spare oil production capacity," Brian Hook told reporters....

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Trump claims Saudi Arabia will boost oil production

Trump claims Saudi Arabia will boost oil production

President Donald Trump said Saturday that he had received assurances from King Salman of Saudi Arabia that the kingdom will increase oil production, "maybe up to 2,000,000 barrels" in response to turmoil in Iran and Venezuela. Saudi Arabia acknowledged the call took place, but mentioned no...

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Shell hands over Iraq's Majnoon oilfield: Iraqi oil officials

Shell hands over Iraq's Majnoon oilfield: Iraqi oil officials

Oil major Royal Dutch Shell has exited the Majnoon oilfield and handed over all its operations to the state-run Basra Oil Co., two Iraqi oil officials close to the deal said on Wednesday. Officials from Shell and Basra Oil Co. met on Wednesday to mark the complete exit of Shell and the...

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Asian markets fall as trade war fears weigh on sentiment

Asian markets fall as trade war fears weigh on sentiment

Asian markets fell Monday as fears of a global trade war continue to dog investors, with Donald Trump threatening fresh tariffs on European cars and reports he is considering curbs on Chinese investment the US. There was little sign of relief after equities suffered a pummelling last...

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Airbus warns it could leave UK if no Brexit deal

Airbus warns it could leave UK if no Brexit deal

European planemaker Airbus has warned Friday that it could leave the U.K should the latter exit the European Union single market and customs union without a transition deal. "U.K. exiting the EU next year without a deal -- therefore leaving both the single market and customs union...

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Iran says doesn't think OPEC can reach deal

Iran says doesn't think OPEC can reach deal

Iranian Oil Minister Bijan Zanganeh said on Thursday he still believes OPEC cannot reach a compromise decision on raising oil output at its meeting the following day. "I don’t think we can reach agreement," Zanganeh told reporters. "We firstly need to discuss and decide about the main...

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Bitcoin could 'bring internet to a halt': BIS

Bitcoin could 'bring internet to a halt': BIS

The Bank for International Settlements in a report warned digital currencies like bitcoin could overwhelm and break the internet if they continue to grow. The BIS, often described as the central bank for central banks, also warned, in a 24-page report published on its website on Sunday,...

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Israel, Egypt gas partners near deal to control EMG pipeline

Israel, Egypt gas partners near deal to control EMG pipeline

The companies developing Israel’s largest natural gas fields and an Egyptian partner are close to a deal that would give them control of the pipeline to Egypt, eliminating some of the outstanding legal disputes that have impeded progress on a $15 billion export contract. Israel’s Delek...

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US: Fed raises interest rates

US: Fed raises interest rates

The Federal Reserve increased its benchmark interest rate as widely expected, the Federal Market Open Committee (FOMC) announced Wednesday.  At the conclusion of a two-day meeting, Committee members voted unanimously to raise the federal funds rate by 25 basis points to a target...

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Daraa: rebel commander says we have enough wheat corp to defy siege

Daraa: rebel commander says we have enough wheat corp to defy siege

(Zaman Al Wasl)- In case of besieged by an enemy, people have to rely on their riches, land, energies and be self-reliant to secure their livings. As well known to the whole world the Assad regime has practiced the most terrific kind of siege on the liberated areas, with the aim of avenging...

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China warns US against provocations following B-52 flyby

China warns US against provocations following B-52 flyby

China is accusing the United States of militarizing the South China Sea after two American B-52 bombers flew close to a disputed Chinese-held shoal in a show of force. Foreign Ministry spokeswoman Hua Chunying warned the U.S. on Wednesday against "hyping up militarization and stirring...

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Trump may seek separate trade deals with Canada, Mexico

Trump may seek separate trade deals with Canada, Mexico

U.S. President Donald Trump may seek separate talks with Canada and Mexico in a bid to get individual trade deals with the two countries, White House economic adviser Larry Kudlow said on Tuesday. "He is very seriously contemplating kind of a shift in the NAFTA negotiations. His...

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Assad calls on Druze minority to do military service      CIA mulled ‘truth serum’ post-9/11      Trump to back major rewrite of sentencing laws      British cabinet backs PM May's Brexit plan      Yemen army orders halt to Hodeida offensive: commanders      Migrant arrivals set to hit 5-year low: EU border agency      France says Trump should have shown "decency" on Paris attacks anniversary      British PM hails Brexit deal but must sell it to doubtful ministers