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The agreement between members of the Oil Petroleum Exporting Countries (OPEC) and non-OPEC members that was reached in Algiers last month is slowly nearing a deadlock after Iraq became one of the latest countries demanding to be exempted from it. Read more
Fighters of the Islamic State attacked the oil rich city of Kirkuk on Friday killing workers at an Iranian-run power plant before blowing themselves up. This came days after Iraqi forces and their allies began an offensive operation on Mosul. Read more
The Syrian military has warned that it would not hesitate to shoot down Turkish military jets violating its airspace after a “naked aggression” on several Syrian settlements in the northern part of the country. The Defense ministry stressed that penetrating Read more
Iran’s President Hassan Rouhani on Thursday urged authorities to be hospitable to foreign businessmen and investors to remove Iranophobia and promote the country’s economy and trade. in his speech to promote Iranian trade relations with the rest of the world, Read more
Russia has suspended its airstrikes on Aleppo from Tuesday morning until further notice but its Defense Minister Sergei Shoigu warned that rebel groups in the eastern part of the city should stop military action and leave, hoping that countries that Read more
The warring parties in Yemen have agreed to observe a three-day ceasefire beginning on Wednesday night according to UN Special Envoy Ismail Ould Cheikh Ahmed and Yemeni Foreign Minister Abdel Malek al-Mekhlafi said the period could be “extended if the Read more
Saudi Arabia and Softbank Group Corp (SBG) have signed a Memorandum of Understanding, under which the oil rich kingdom will be a primary investor in its Softbank Vision Fund, to be dedicated to investments in the technology sector. The investment Read more
Israeli authorities and Jewish communities have vociferously condemned a resolution by the UN Science, education and culture agency calling Israel an “occupying power” and putting Temple Mount as part of Palestinian cultural heritage. Twenty-four countries, including Russia and China, voted Read more
Following the targeting of destroyer ship USS Mason at the beginning of the week with two missiles that failed to hit it, Washington responded by launching cruise missiles on three radar sites on the Yemeni Red Sea Coast cities of Read more
Russia’s veto of a France-proposed draft resolution over the Syrian war at the UN Security Council strained ties between Paris and Moscow. As a consequence of the veto, President Hollande would be reconsidering his meeting with Putin, “taking into consideration Read more