Saudi Arabia Wednesday reported a first quarter budget deficit of 34.107 billion Saudi riyals ($9.09 billion), as oil revenue was hit hard by a combination of sliding global prices, demand and a supply glut in the wake of the coronavirus crisis. That reversed a first quarter surplus of...

Turkish President Tayyip Erdogan said in a letter to President Donald Trump he hoped the U.S. Congress would better understand the strategic importance of their relations, given solidarity and supplies shared during the coronavirus pandemic. Erdogan's letter arrived Tuesday with a delivery...

Saudi Arabia's cabinet has urged Yemen's main separatist group, which has declared self-rule in the south, to abide by an agreement to end a previous standoff with the Saudi-backed government. The declaration by the separatist Southern Transitional Council (STC) Sunday, which included...

The world's biggest smartphone maker, Samsung Electronics, reported a three-percent drop in first-quarter net profits on Wednesday, as the coronavirus pandemic dampened consumer demand. Net profits in the January-to-March period were 4.88 trillion won ($4 billion), down 3.1 percent from a...