Syria is seeking funds from China out of desperation so as to reverse the continuous and sharp decline in its economy since 2011, the year civil war intensified. Syria has joined China's 'Belt and Road Initiative' (BRI) in desperation to revive its economy but it may lead the war-torn...

Asian shares rose Wednesday, buoyed by hopes for a diplomatic solution instead of a Russian invasion of Ukraine. But analysts warned the tensions were far from completely resolved, and the situation remains volatile. “In short, provided we get a further pause in geopolitics, we might be...

Fears are rising about what would happen to Europe’s energy supply if Russia were to invade Ukraine and then shut off natural gas exports in retaliation for U.S. and European sanctions. The tensions show the risk of Europe’s reliance on Russia for energy, which supplies about a third of the...

Syria needs to import more than 1.5 million tonnes of wheat a year, with majority from Russia, Interfax news agency reported Syrian economy minister Mohamed Samer al-Khalil as saying. Syria’s crop was hit by low rainfall last year…, adding pressure on an economy already hit by ten years of...

Syria and Iran reached an agreement to launch a joint free trade zone and bank, the Iranian Minister of Roads and Urban Development Rostam Qasemi announced this weekend. The announcement concluded an Iranian commercial delegation's visit - headed by Qasemi on Wednesday - to Damascus and seen...

 The United Arab Emirates' civil aviation regulator has opened an investigation into an aborted take-off by an Emirates airline passenger jet this month at Dubai airport, the carrier said on Saturday. It is the second inquiry launched into the airline in less than a month, after another...

Cybersecurity and space are emerging risks to the global economy, adding to existing challenges posed by climate change and the coronavirus pandemic, the World Economic Forum said in a report Tuesday. The Global Risks Report is usually released ahead of the annual elite winter gathering of...

LONDON (AP) — Inflation in the 19 countries that use the euro currency hit its highest level on record, led by surging food and energy costs, figures released Friday show. Here's a closer look at the data: WHAT DO THE NUMBERS SAY? Consumer prices in the eurozone, made up of European...

 Inflation soared by the most in at least a decade in Turkey's biggest city Istanbul last month, according to data on Saturday, and President Tayyip Erdogan's government sharply raised nationwide electricity and natural gas prices for the new year. Prices also jumped for petrol, car...

  Lebanon’s energy minister launched two projects in the country’s north on Tuesday to facilitate the flow of natural gas from Egypt. The move aims to improve electricity production and expand the country’s tanks to increase oil reserves. The revival of the Arab Gas Pipeline to deliver...

Gulfsands, the operator and joint-owner of of a $1.5 billion dollar oil field in Syria, has received a £6.5 million (~$8.7m) financing facility, the company announced on Tuesday.  The multi-million dollar financing deal will allow the company to operate until at least December 2023....

DUBAI, United Arab Emirates (AP) — Nations around the world are lurching into lockdown, steeling themselves for a brutal surge as the omicron variant spreads like wildfire. But in Dubai, Donna Sese is bracing for a very different surge: countless restaurant bookings and meter-long drink...

Turkish President Recep Tayyip Erdogan on Monday announced a series of measures to encourage lira-denominated savings, easing the pressure on the beleaguered Turkish currency. Earlier in the day, the lira had tumbled to an all-time low of 18.36 against the dollar, after Erdogan over the...

 Danish fuel supplier Bunker Holding, its chief executive and a subsidiary of the company were convicted by Odense city court on Tuesday for breaching international sanctions by selling jet fuel to war-torn Syria, court documents showed. Bunker Holding, a fuel trader that is also one of...

In a clear indication of the strengthening of its trade cooperation with the Syrian regime, Jordan's exports to Syria witnessed a very remarkable rise.  According to the Jordanian news agency (Petra), the rate of exports of the Amman Chamber of Industry alone to Syria increased by 32%,...

Syria will host an Arab energy conference in 2024, the country's energy ministry said Thursday, the latest sign that Arab countries are moving to re-engage with the government of Syria's embattled President Bashar Assad. The announcement followed a unanimous vote from members of the...

Intent on making a flawless impression as the first host of the world's fair in the Middle East, Dubai sought to leave nothing to chance. It poured billions of dollars into its pristine fairgrounds and jubilant festivities that opened last month, aiming for 25 million visits to the...

The five Syrians pulled from their homes by secret police on the same night last year were not insurgents, spies or suspected of being disloyal to the country’s president, Bashar al-Assad. Instead, they were targets in a desperate new phase of Assad’s battle to survive: the hunt for cash....

NEW YORK (AP) — The National Labor Relations Board has ordered a new union election for Amazon workers in Bessemer, Alabama based on objections to the first vote that took place in April. The move, announced Monday, is a major blow to Amazon, which had spent about a year aggressively...

The Syrian regime signed a contract Thursday with a group of companies from the United Arab Emirates to build a solar power station in a Damascus suburb, the government announced. It was the latest indication that the Arab world is willing to re-engage with Syrian President Bashar Assad....