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The government of Prime Minister Justin Trudeau will turn to the United Arab Emirates (UAE) and Britain to help cool the escalating diplomatic showdown that has erupted between the North American country and the Saudi Arabia, according to Canadian sources Read more
Egypt’s Suez Canal revenues fell to $5.005 billion in 2016 from $5.175 billion the previous year. According to authorities of the waterway, the revenues reached $414.4 million for the month of December, Reuters reported. The canal revenues have become all Read more
French authorities have kept the lid on the true mission of the victims of the Malta plane crash which killed five Frenchmen believed to be members of the French intelligence en route for Libya. The plane crashed on Monday morning Read more
Ismail Ould Cheikh Ahmed, UN’s special envoy for Yemen, said talks being held in Kuwait are progressing but underlined that reaching an agreement for a sustainable and inclusive settlement cannot be reached overnight. He said “there is no time limit” Read more
The outlook for Saudi Arabia’s banks have changed to negative from stable by credit rating agency, Moody’s Investors Service, because bad loans are expected to rise over the next 12 to 18 months due to low oil prices and a Read more
Iraqi authorities have been secretly searching for a stolen Ir-192 after they noticed that it was missing around the end of last year. A document dated November 30 that was seen by Reuters and addressed to the environment ministry’s Center Read more
Bahrain’s central bank is working on closing Future Bank but the reasons are yet to be made public. The bank is a joint venture between two Iranian banks and a Bahraini bank with $1.51 billion in assets at the end Read more
Residents of Ramadi have been informed by the Iraqi forces to leave the city by Tuesday ahead of a probable major assault on the militants of the Islamic State group that has been controlling some parts of the city since Read more
A spokesman of the oil company newly established by the Tobruk-based government to oversee oil dealings in areas under its control stated that an agreement has been reached with Egypt for the supply of 2 million barrels of crude oil. Read more
10 days after Saudi Arabia announced that it was opening its stock market to foreign companies thereby surpassing its traditional swaps and exchange trade funds that are in place, most of the stock exchange markets in the Middle East have Read more