Syria’s stock market on Tuesday suspended trading for the largest cellular company in the country, owned by a cousin of the president and one of Syria’s richest businessmen. The decision by the Syrian Commission of Financial Markets and Securities marked another development in a...

 (Zaman Al Wasl)- No sooner had the fire from Assad’s guns seized than other fires raged, consuming the land and crops of the Syrians, which led some to suspect that the fires were deliberate and premeditated. Throughout April and May, hundreds of fires broke out, devouring...

French arms sales dropped nearly 8.6 percent last year to 8.3 billion euros ($9.3 billion) from 2018, with the United Arab Emirates -- a key player in the Yemen conflict -- still a leading client, a government report said Tuesday. France is regularly criticised by rights groups for arms...

Dubai will allow the full reopening of malls and private businesses starting Wednesday, its media office said, after the gleaming United Arab Emirates business hub began easing restrictions last month. Some retail and wholesale businesses reopened in May, subject to sterilization operations...

Turkish Airlines said Tuesday it will start direct flights from 16 cities in six European countries to 14 cities in Anatolia as of June 18, including new routes it had not flown to before. The airline said it will resume international flights from Istanbul on June 10, and the new flights on...

It could take up to four years for Emirates airline's operations to return "to some degree of normality", its president said Monday, a day after it announced job cuts over the coronavirus crisis. The Middle East's largest carrier, which has a 100,000-strong staff and a fleet of 270...

Top oil exporter Saudi Arabia is expected to raise its official selling price (OSP) for all grades it sells to Asia in July, to track a jump in Middle East benchmarks although overall weak refining margins could cap price gains, industry sources said. Saudi Arabia is expected to increase...

China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special treatment for Hong Kong to punish Beijing. Large volume state purchases of US corn and cotton have also...

Emirates Airline said Sunday it will cut "a few" jobs in the face of the downturn over the coronavirus crisis, but did not specify the extent of the layoffs. "We reviewed all possible scenarios in order to sustain our business operations, but we have come to the conclusion that we...

Venezuela will increase fuel prices in June, the president said, putting a limit on state subsidies that for decades had allowed citizens to fill their gas tanks virtually for free. Although the country has huge oil reserves, production has collapsed and Venezuelans are facing dire...

Oil prices edged lower on Friday, set to post their first weekly fall in five weeks, after U.S. inventory data showed lacklustre fuel demand in the world’s largest oil consumer while worsening U.S.-China tensions weighed on global financial markets. Brent crude slipped 43 cents, or 1.2%, to...

Turkey's economy grew 4.5% year-on-year in the first quarter of 2020, the country's statistical authority announced Friday. According to the Turkish Statistical Institute (TurkStat), gross domestic product (GDP) at current prices amounted to 1.07 trillion Turkish liras ($176.1 billion) in...

State-owned Kuwait Airways said Thursday it will lay off 1,500 expatriate employees due to "significant difficulties" caused by the coronavirus pandemic. The loss-making national carrier, which has a total of some 6,925 employees, has struggled amid the regional and worldwide downturn in...

 Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman, in a telephone call, agreed on further "close coordination" on oil output restrictions, the Kremlin said Wednesday. They also both noted the importance of joint efforts aimed at reaching the...

The dollar steadied against the euro Wednesday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic. The euro was about flat against the dollar at $1.0979, after rising as...

France's economy is on course to contract 20% in the second quarter from the previous three months as the country emerges from a nationwide coronavirus lockdown, the INSEE official statistics agency estimated on Wednesday. That would mark a sharp deterioration in France's recession after...

French President Emmanuel Macron announced an 8 billion-euro ($8.8 billion) plan Tuesday to save the country’s car industry from huge losses wrought by virus lockdowns, including a big boost for electric vehicles. The plan includes government subsidies for car buyers and longer-term...

Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up as coronavirus lockdowns ease. Brent crude LCOc1 futures were up 1.4%, or 48 cents, at $36.01 a barrel by 1210 GMT. U.S. West Texas...

The first of five Iranian tankers carrying fuel to Venezuela has moored at Venezuela's El Palito refinery, Iran's English-language Press TV reported on Monday. Iran is providing Venezuela with 1.53 million barrels of gasoline and components in a move criticized by U.S. authorities as both...

Oil prices rose on Monday, erasing earlier losses, as countries around the world continued to ease lockdown measures imposed to combat the coronavirus pandemic, boosting hopes for a recovery in fuel demand. Amid quiet trading, with financial centres Singapore, London and New York all closed...