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Iran unveils new railway link connecting to Europe
The new link will increase annual transport projections by 7 million tons of cargo and 2 million passengers
Jun 09, 2023
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Iraq wants China to be ‘major participant’ in project linking West Asia to Europe
Baghdad's recently announced $17bn transport project seeks to transform Iraq's economy after decades of war and occupation
Jun 03, 2023
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Cyprus pushes ahead with plans to become Europe’s hub for Israeli gas
The Cypriot government pitched a plan during a regional energy meeting in Nicosia for a pipeline linking Cyprus to Israel
May 30, 2023
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Iraq unveils $17bn infrastructure project linking West Asia to Europe
The 'Route of Development' project would extend from Turkiye's northern border to the south of the Persian Gulf
May 27, 2023
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Saudi Arabia tops oil reserves with Russian fuel, sells its own to EU
Aggressive western sanctions against Russia in the aftermath of the Ukraine war have continued to backfire
May 26, 2023
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EU ambassador to Palestine condemns Israeli settlement plans
Israel is set to construct 600 settler units in the West Bank, despite being considered illegal under international law
May 25, 2023
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European banks begin severing correspondent relations with Lebanon: Report
European banks are looking to slash ties with Lebanese commercial banks as the country faces being 'grey listed' by the FATF and the central bank chief is wanted by Interpol
May 24, 2023
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US, EU politicians demand withdrawal of COP28 chief
The lawmakers claim oil executives like Jaber are seeking to undermine climate change efforts
May 24, 2023
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EU cancels ‘Europe Day’ event in Israel over Ben Gvir appearance
The EU claimed the extremist security minister's views 'contradict the values the EU stands for'
May 09, 2023
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EU prosecutors grill Lebanon’s finance minister over central bank corruption
Youssef Khalil claimed that during his nearly 30-year tenure at the central bank he was unaware of any corruption or embezzlement of public funds
May 06, 2023
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Saudi Arabia may cut crude oil prices for Asian countries: Reuters
Saudi Aramco, may reduce its official selling price of crude by 40 cents to the barrel following months of price hikes
Apr 28, 2023
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Palestine hits back at EU official for ‘racist’ remarks
The PA has called on European Commission President Ursula von der Leyen to apologize for remarks made during a speech commemorating Israel 75th anniversary
Apr 27, 2023
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Syria condemns ‘harmful’ EU sanctions
EU sanctions are part of a ‘maximum pressure’ campaign to block post-war reconstruction and have caused a humanitarian crisis for Syrian civilians
Apr 25, 2023
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EU smacks Syria, Iran with new sanctions
The sanctions come as West Asia is waging a successful fight to free itself from western economic clutches
Apr 25, 2023
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Saudi Arabia makes its Eurasian shift
Saudi Arabia's recent reconciliations with Iran and Syria under Chinese-Russian guidance is perceived as a step toward reducing Riyadh's dependence on the US, while also advancing Beijing and Moscow's political and economic influence in West Asia.
Apr 03, 2023
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ASEAN nations meet, discuss dumping US Dollar, Euro for trade
Indonesia has urged its regional partners to also move away from using Visa and Mastercard to avoid the repercussions of western sanctions on Russia
Mar 30, 2023
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Israeli officials will not meet EU foreign policy chief over critical remarks
Borrell criticized increased settler violence and civilian casualties caused by Israel’s West Bank raids
Mar 18, 2023
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Lebanon’s cenbank chief grilled by EU prosecutors, denies embezzling public funds
Riad Salameh, who the UN says is guilty of human rights violations for his role in creating Lebanon's economic crisis, claims to be the victim of political persecution
Mar 18, 2023
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Russia chides EU big three for dissolving INSTEX trade mechanism for Iran
After Germany, the UK, and France shut down INSTEX, Iran blasted their 'absolute failure to be financially independent from the US'
Mar 15, 2023
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Saudi Arabia raises oil prices for EU, Asia
The price increase is partially based on China's economy opening up for business after a year of slow growth due to its zero-COVID policy
Mar 06, 2023
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EU nations condemn Israel’s settlement expansion, West Bank violence
The Israeli military estimates that between 300 to 400 settlers took part in a pogrom-style rampage through the Palestinian town of Huwara
Mar 04, 2023
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US, EU officials condemn Israeli settler violence, demand justice
Over the past year, the occupied West Bank witnessed a severe uptick in violence, both from settler assaults and the Israeli military
Feb 28, 2023
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EU follows in Washington’s footsteps temporarily easing sanctions on Syria
Western states have been forced to ease unilateral sanctions on Syria after facing widespread criticism for blocking humanitarian aid deliveries
Feb 24, 2023
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EU imposes sanctions on 32 Iranian individuals
The new wave of EU sanctions increases the total number of sanctioned Iranian individuals to 196 and 33 entities
Feb 21, 2023
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Saudi Arabia raises oil prices for Asia, EU, US unexpectedly
The kingdom essentially increased the price for EU buyers by $2 a barrel, and 20 cents for US customers
Feb 06, 2023
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EU donates $323m to PA for local projects
The donation will support the Palestinian government in financing local projects in agriculture, health, and civil society
Feb 03, 2023
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Several European consulates shut down over Istanbul terror threats
The US State Department issued a terror alert for Turkiye, stating that synagogues, churches, and western diplomatic missions are a potential target for attacks
Feb 01, 2023
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Iran retaliates with sanctions against EU, UK
Iran sanctioned the individuals and organizations over their support for terrorism, and interfering with national affairs
Jan 25, 2023
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US hits Iran with new sanctions, EU waits for court decision
The EU is seeking to designate the IRGC a terrorist organization, and place 37 names on a sanctions list, but needs approval from a European court before the governing body can act
Jan 23, 2023
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Iranian currency hits record low as EU threatens further sanctions
The New York federal bank has been enforcing stricter controls on international transactions by Iraqi commercial banks to hinder Iran from accessing dollars
Jan 22, 2023
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