Leading News Source For Middle East
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
Khalid Toukan, head of the Jordanian Atomic Energy Commission, said that “nuclear power is definitely one of the solutions to graduate from total dependency on oil and gas” after signing a $10 billion nuclear plant agreement with Russia’s state owned Read more
Saudi Arabia’s oil minister Ali al-Naimi rejected claims that Riyadh is behind the drastic fall of oil prices as he stressed that it is the responsibility of all oil producing countries. OPEC decided not to cut production in November and Read more
The agency responsible for Saudi Arabia’s renewable energy program which includes a $109billion solar power project has told a conference in Dubai that the project will be delayed by eight years after a review of the outlook. Riyadh wants to Read more
Kuwait’s parliament unanimously called on the government to restore subsidies on diesel and kerosene because they are believed to have contributed to the price hikes of several products and services. The government removed the subsidies at the beginning of the Read more
Iranian President, Hassan Rouhani, has divided the Organization of the Petroleum Exporting Countries (OPEC) into two categories: those that are for or against a reasonable oil price. He said countries that support an increase in prices can “neutralize” the threat Read more
Talks between Jordan and Noble Energy Inc. for the supply of gas starting from 2016 has been suspended after news broke out that Israel’s antitrust regulator is having second thoughts on letting a group led by the company develop the Read more
The Iranian media has published a letter from Foreign Minister Mohammad Javad Zarif to his counterparts in countries engaged in the nuclear talks. The letter seems to outline Tehran’s position and expectations. The United States, France, Germany, Russia, China and Read more
Cooperation between Turkey and Russia for the construction of the first nuclear power plant is ongoing and work on the Akkuyu site in Turkey’s Mersin Province is expected to start early next year. Discussions are also being held for the construction Read more
Gulf oil producers led by Saudi Arabia have won the case for keeping the Organization of the Petroleum Exporting Countries (OPEC) output unchanged, overriding calls from poorer members of the exporters’ group for action to halt a slide in crude Read more