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Saudi Arabia’s General Investment Authority (SAGIA) has announced at the World Energy Congress it awarded six investment licenses worth $240 million in the energy sector. The licenses cover businesses in solar energy development, manufacturing and energy efficiency. The licenses were Read more
President Hassan Rouhani signaled in a televised speech that Iran still has the capability to revive its nuclear program if other parties fail to uphold their part of the deal, signed last year on July 14. Even though the nuclear Read more
Less than 48hours after sanctions imposed on Iran due to its nuclear program were lifted, the U.S. announced new sanctions targeting 11 entities linked to Iran’s ballistic missile program. Iran is banned by the U.N. to conduct missile tests but Read more
Hossein Salami, Deputy Commander of the Islamic Revolution Guards Corps, claimed that Iran has developed stealth drones to fly on missions as far as 3000km. His statement will be of concern to neighboring states especially Israel and the Gulf States. Read more
Iran is expected to play an important role in the economic growth of the Middle East and North Africa (MENA) with an increase in its oil exportation according to the semi-annual World Economic Outlook report released by the International Monetary Read more
A leaked recorded interview aired by Israeli Channel 2 on Friday revealed former Israeli Defense Minister and Prime Minister, Ehud Barak, stating that Israel was willing to launch a military operation on the nuclear plants in Iran but had to Read more
Iranian negotiators and P5+1 delegations at Iran’s nuclear program talks expressed on Monday their satisfaction over the turn of talks so far as they sound confident for a good deal on June 30 or beyond if need be. Iranian diplomats Read more
After some Iranians filled the streets and took to the social media to express their enjoy when the framework agreement between Iran and the P5+1 was announced on April 2, Supreme leader Ayatollah Ali Khamenei reminded them that their joy Read more
Iran has reached a framework agreement with Britain, China, France, Germany, Russia and the United States on its nuclear program paving the way for a technical agreement to be sealed before June 30. A joint statement read by EU foreign Read more
It seems like oil prices are not going up anytime soon after Kuwait’s OPEC governor, Nawal Al-Fuzaia said at an energy conference in Qatar that she doesn’t think the organization will change its policy during its next meeting scheduled to Read more