Iran plans to offer price and tax incentives to private investors to take over idle state projects and help boost the economy, state media reported on Saturday, as the country faces likely U.S. sanctions and the exit of many foreign companies. In May the United States pulled out of a...

The trade relationship between the United States and Europe is improving, German Agriculture Minister Julia Kloeckner said Saturday, but there is no guarantee the bloc will buy the quantity of soybeans that Washington expects. U.S. President Donald Trump and Jean-Claude Juncker,...

Egypt said on Saturday it was raising the price of natural gas for home and commercial use by up to 75 percent, the latest move in an IMF-backed austerity program that has left many Egyptians struggling to make ends meet. The increases follow hikes to fuel, electricity and public...

  (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...

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...

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 said...

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...

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...

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...

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....

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...

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...

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...

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...

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...

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,...

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 Drilling...

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...

(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...

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...