German chancellor visits Gulf, signs energy security deal with UAE

Scholz's tour is part of Germany's latest efforts to diversify its energy supply amidst a looming energy crisis

Turkey hikes energy costs as inflation soars

The Turkish president’s controversial economic policies have contributed the country’s deteriorating economy

Iran and Russia carry out first-time trade in national currencies: Official

The two nations also announced a gas swap deal that will be implemented 'soon'

UK to significantly reduce tariffs in trade with Syria

London is moving to give 'enhanced trading status' to several developing nations in order to soften the blow of losing access to Russian energy

Iran and Russia ready to drop US dollar in bilateral trade: Kremlin

President Ebrahim Raisi and Vladimir Putin have moved to increase cooperation in order to overcome unilateral US sanctions

Israel sets to reopen trade office in Turkey to expand relations

Bilateral trade between Tel Aviv and Ankara rose to 30 percent last year, reaching $7.7 billion

Iran, Kazakhstan sign cooperation agreements set to increase trade to $3 billion annually

The visit by President Tokayev comes shortly after the visit of the foreign minister of Pakistan, and the presidents of Venezuela and of Turkmenistan

‘Trade between Turkey and Venezuela will reach $1bln in 2022’: Erdogan

The Venezuelan president travelled to Algeria after his meeting with Erdogan, and Iranian media reports revealed he is also set to visit the Islamic Republic

Lebanese energy minister visits Syria to discuss energy transfer plan

The long-awaited plan to receive energy transfer from Egypt via Syria has stalled due to US refusal to grant sanction waivers to the nations involved

World Bank refuses to fund US-brokered energy plan for Lebanon

Aside from lack of funding, the project to transfer Egyptian and Jordanian energy to Lebanon via Syria requires a sanctions waiver guarantee from the US, which is yet to be issued

Egypt still waiting for US clearance to transfer energy to Lebanon

Despite ongoing assurances from US officials, Beirut has been waiting for months for the start of energy transfers from Egypt and Jordan

Turkey inflation reaches 61 percent amid soaring energy prices

The conflict in Ukraine has caused a surge in global commodity prices, threatening Turkey’s latest economic program which aims to achieve account surplus

Israel begins talks with UAE to establish free trade agreement

The announcement comes on the same day the Israeli energy minister called for the cancellation of a major oil deal between Tel Aviv and Abu Dhabi

Russia’s judo kick to the western financial gut

Washington's sanctions on Moscow will destroy Europe, not Russia

Follow the money: how Russia will bypass western economic warfare

The US and EU are over-reaching on Russian sanctions. The end result could be the de-dollarization of the global economy and massive commodity shortages worldwide.

US threatens peace in Cyprus by lifting arms embargo

Cyprus fears Turkey might drag it into a conflict if tensions with Greece in the Aegean Sea lead to war

Turkey does not recognize Russian ‘annexation’ of Ukraine: FM

Turkey's foreign ministry also revealed that it does not recognize the results of the referendums on joining Russia held in the Donbas republics

Turkey, Israel to negotiate transport of gas to EU: Presidency

Chevron, Israel's NewMed Energy, and Ratio Oil are looking to increase natural gas production in the Leviathan gas field from 12 billion cubic meters to 21 billion cubic meters annually

Russian FM meets GCC ministers at UN General Assembly

The foreign ministers of Russia and the GCC countries discussed several aspects of cooperation, including boosting economic relations

UAE to sign first weapons deal with Israel: Report

The UAE had acquired Israeli technology to repel drones and missiles launched in retaliatory attacks by the Yemeni Ansarallah movement

HRW accuses Jordan of ‘intensified persecution’ of political opponents

One third of the aid provided to Jordan by the US government will be used to upgrade its military capabilities

Can Iran push Russia to action in the South Caucasus?

Moscow and Tehran’s mutual ally, Armenia, is feeling the pressure of NATO-backed Azerbaijan’s assault on its sovereignty. It is in both countries' geopolitical and security interests not to allow Yerevan to fall

‘Samarkand Spirit’ to be driven by ‘responsible powers’ Russia and China

The SCO summit of Asian power players delineated a road map for strengthening the multipolar world

SCO summit strengthens Iran’s regional presence

The Russian Federation has been approaching Iran with new economic agreements and the purchase of Iranian drones, following greater isolation by the West due to the war in Ukraine

Iranian and Russian presidents hold talks at SCO summit

Iran and Russia have recently deepened cooperation in order to bypass western sanctions

UN rapporteur calls for removal of unilateral sanctions on Iran

The cost of the average food basket in Iran has increased more than 3.4 times between 2018 and 2022

Asia’s future takes shape in Vladivostok, the Russian Pacific

Sixty-eight countries gathered on Russia's far eastern coast to listen to Moscow's economic and political vision for the Asia-Pacific

Tehran announces plan to enhance cooperation with Latin American countries

President Raisi met with Venezuelan transport minister Ramon Velasquez to discuss the significance of their alliance and the expansion of their relations

Iran and the Persian Gulf monarchies: Diplomacy remains their only option

Reconciliation between Iran and the GCC will reap vast mutual benefits, while conflict only serves those outside the Persian Gulf

Lebanon moves forward with accepting fuel from Iran

PM Najib Mikati has set a condition that Iran provide enough fuel to supply Lebanon with eight hours of electricity per day