Trump says US, Chinese due restart trade talks ahead of G20

US President Donald Trump said on Tuesday he had spoken to Chinese President Xi Jinping and that the two leaders’ teams would restart trade talks after a long lull in order to prepare for a me

Oil soars 4% on hopes U.S.-China trade talks resume, Mideast tension

Oil prices rose about $2 a barrel on Tuesday after U.S. President Donald Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G20 summit later this month. U.S. Wes

Expats account for over 75% of the jobs in Saudi’s labour market – report

Saudi nationals represented about 24.4 per cent of the workforce Expatriates currently account for about 75.6 per cent of jobs in Saudi Arabia’s labour market, according to local media report

Iran nuclear deal: Enriched uranium limit will be breached on 27 June

Iran has announced it will breach on 27 June the limit on its stockpile of enriched uranium that was set under a 2015 nuclear deal with world powers. Its atomic energy agency said it had quadrupled

Economic clouds gather over Germany

Concerns are growing over the strength of Germany's economy - the largest in the eurozone - following the release of more gloomy official figures. Industrial production in April fell by 1.9% compar

Boeing crisis, trade tensions cast pall over Paris air show

  Safety concerns, trade wars and growing security tensions in the Gulf are dampening spirits at the world’s largest planemakers as they arrive at this week’s Paris Airshow with litt

Russia & EU keen on switching to national currencies for mutual trade, turning away from the dollar

Moscow and Brussels are keen on quickly extending the use of the ruble and the euro to bilateral payments, the Russian Finance Minister said, after a meeting with the European Commission for Energy

US allows Iraq to import Iranian energy for three more months

إضغط هنا لقراءة الخبر بالغربية  The United States has allowed Iraq to import Iranian gas for its power grid for another three months by extending a waiver to sanction

Trump says ‘Iran did do it,’ as U.S. seeks support on Gulf oil tanker attacks

The United States on Friday blamed Iran for attacks on two oil tankers at the entrance to the Gulf and said it was seeking international consensus about the threat to shipping, despite Tehran denyin

Oil rises but ends week lower on demand fears despite Mideast tensions

Oil rose about 1% on Friday after attacks on two oil tankers in the Gulf of Oman this week raised concerns about potential supply disruptions, but prices remained on track for a weekly loss on fears

Oman Air plans Airbus talks unless Boeing provides 737 Max support plan

Oman Air CEO Abdulaziz Al Raisi plans to hold talks with Airbus if Boeing does not provide a support and recovery plan for its grounded 737 MAX planes before June 17, a statement by the Omani compan

Western oil supplies could be jeopardized if Strait of Hormuz becomes unsafe, tanker union claims

Crude shipments designated for the West could be in danger, the International Association of Independent Tanker Owners (INTERTANKO) has warned after what Iran described as suspicious attacks on oil

Gas price drops for third straight week in Newfoundland and Labrador

Three weeks ago, Newfoundlanders and Labradorians were paying close to 15 cents more per litre of gas than they are this morning. The Public Utilities Board dropped the cents per litre (cpl) price

Oil prices surge after attacks on oil tanker in Gulf of Oman

  Suspected attacks on two tankers off the coast of Iran saw oil markets erupt out of their recent slump on Thursday and kept traders gobbling up ultra-safe government bonds, gold and the Japane

Central Bank of Yemen outsources int'l auditing firm

إضغط هنا لقراءةالخبر بالعربية The Central Bank of Yemen (CBY) said Tuesday it chose to outsource an international leading firm to audit its accounts for the 3-year period

UAE signs deal to build $100m power plant in Yemen

The UAE has signed an agreement with Yemen’s ministry of electricity to develop a power plant in Aden at a cost of $100m, official news agency WAM reported. The capacity of the plant will be

BP raises Saudi oil reserves 12% in first big change in 30 years

Saudi’s proved oil reserves were revised to 297.7 billion barrels at the end of 2018 from 266.2 billion a year earlier BP has raised estimates for Saudi Arabia’s crude oil reserves by 1

Asia shares turn wary, U.S. inflation next hurdle

Asian share markets were in a defensive crouch on Wednesday as the White House took a tough line on trade talks with China, while a looming reading on U.S. inflation could scramble the odds for an e