Iraqi police raid exchange companies to regulate market rates

The Iraqi dinar has been on a downward slope since the US Treasury started tightening sanctions against Iran

Afghanistan asks for $90 million in UN aid to settle past due electricity bills

As the winter months approach, the Taliban is rushing to keep the lights on across the country in the face of a brutal US economic blockade

Iran, Russia gear up for joint development of oil and gas fields

The announcement was made at Iran’s International Oil Industry Exhibition 2023 on Wednesday

Turkiye inaugurates Russian-built nuclear power plant

Despite complications in the construction caused by western sanctions, Ankara says it is 'taking steps to build a second and a third nuclear power plant as soon as possible'

Iran offers energy assistance to Lebanon yet again

The Iranian offers have been persistent, but US political pressure has continued to prevent them from being fulfilled

Qatar enters Iraq’s energy sector, but risks abound

Qatar's investment in Iraq's energy sector has the potential to transform Persian Gulf geo-economic dynamics, but Iraq's political instability continues to pose major risks for large investors across the board.

Syria under the American whip: Sanctions that kill

The western sanctions weapon is not new to Syria, but since 2019 it has become a lethal one, destroying entire Syrian sectors and killing its people.

Russian FM visits Iraq to enhance energy cooperation

The Russian foreign minister and spokesperson of his Iraqi counterpart discussed food security, energy, and exchanged views on the Russia-Ukraine conflict

Turkiye signs 10 year gas deal with Oman: Turkish energy minister

Turkiye is looking to buy an annual 1.4 billion cubic meters of gas from Oman

UK Court to rule on controversial weapons sales to Saudi Arabia

A landmark case could finally determine the legality of Britain's arms trade to Saudi Arabia, which is fueling the war in Yemen.

US sanctions individuals in Lebanon for alleged Hezbollah connections

Lebanese money exchanger Hassan Moukalled is at the center of the sanctions

Iranian FM in Beirut for talks with top officials, resistance leaders

During a joint press conference, Iran’s foreign minister called for political dialogue and a ‘swift’ presidential election, rejecting claims of Iranian interference in Lebanese affairs

Oman inks LNG deal with Japan to export 2.35m tonnes annually

The contracts, effective as of 2025, will boost Japan's energy security

Lebanon in dire need of ‘equitable’ banking reform, losses exceed $70bn: World Bank

According to the World Bank, Lebanon's inflation rate is expected to average at 186 percent this year

UN rapporteur decries devastating impact of sanctions on Syria

According to the World Food Program (WFP), 12.4 million Syrians face severe food insecurity

Iraqi PM forbids officials from meeting with foreign delegations without previous approval

Prime Minister Muhammad Shia al-Sudani revealed that some parties are bothered by the fact that Iraq is witnessing an achievement at the national level

US and Mikati ‘fooled’ Lebanon into thinking Iranian fuel deliveries would be permitted: Report

US officials recently said the only way to 'rid Lebanon of Hezbollah' is for the country to fall into complete collapse in order to be 'rebuilt from the ashes'

Saudi Arabia launches initiative for further economic diversification

Efforts by the kingdom to diversify its economy with new infrastructure projects, as well as tourism and other markets, have forced over a million citizens from their homes

Iraq investigates theft of $2.5 billion from tax agency

The missing $2.5 billion from a bank fund of Iraq’s General Tax Authority is considered one of the biggest corruption scandals in recent history

Ted Cruz tries to derail US-brokered energy sharing plan for Lebanon

The plan has failed to materialize since it was first proposed, due to a US reluctance to exempt the states and companies involved from Caesar Act sanctions

Fuel ships ready to sail to Lebanon within two weeks: Iran

Iran’s Foreign Ministry has denied that the deal with Lebanon involves the delivery of free fuel

Mustafa Al-Kadhimi: The Iraqi PM who did nothing

Following his meteoric rise in Iraqi politics, what has been the legacy of Mustafa al-Kadhimi, and whose interests did he really serve?

Pump prices shoot up in Lebanon as central bank lifts subsidies for fuel imports

Iranian officials recently reiterated an offer to provide Lebanon with 'free fuel, construct new power stations, and rehabilitate existing power networks'

For 18 months, as ISIS advanced, the US did nothing to stop them

Collusion with terror: For 18 months, until the Russian Air Force entered Syrian skies, the US did absolutely nothing to stop ISIS from taking over swathes of Syria and Iraq

Attacks on gas field in Iraqi Kurdistan force US contractors to leave

The Iraqi Kurdistan debt currently stands at about $38 billion as oil exports accounted for 85% of the region's budget

World Bank continues to delay funding for Lebanon gas deal: Report

The funding is required to implement a US-brokered energy sharing plan with Egypt, Jordan, and Syria

DEVELOPING: Details on new nuclear deal approved by Iran

The terms of the deal reportedly include nearly two dozen guarantees to prevent the US from exiting the deal again

Lebanon standing by to accept Iranian fuel as PM holds up process

For over a week, the Lebanese Prime Minister-designate has failed to initiate the official process to receive the Iranian fuel

Time for Palestine to claim its stolen gas

Hezbollah has threatened Israel with war if Lebanon is not allowed to exploit its share in the Karish gas field. Now, the Palestinian resistance may do the same over their “stolen gas” off the Gaza Strip.

Lebanon PM-designate Mikati submits draft cabinet line-up to President Aoun

Lebanon’s multiple crises have seen over 80 percent of the population plunge below the poverty line, a currency loss of over 95 percent of its value, and widespread fuel shortages