Inflation battle – OPEC+ cuts production levels to boost oil prices

OPEC+ nations want to reduce oil output to compensate for high inflation and fears over a global economic recession

Turkey hikes energy costs as inflation soars

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

Turkey’s annual inflation closes in on 80 percent

The highest price hikes in June were in the transport sector, with prices soaring by 123 percent within a year

Inflation in Turkey jumps past 70 percent, hitting 24-year high

An unorthodox economic policy based on sharp interest rate cuts has seen skyrocketing prices of transportation and food

Inflation in Turkey approaches 70 percent in April

A unions confederation calculated that food prices increased by eight percent in April alone in the capital Ankara

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

Annual inflation rate of Lebanon sees triple digit increase

Inflation has severely affected the average citizen, with Lebanon now facing looming food shortages

Inflation in Turkey hits 20-year high amid Ukraine crisis concerns

Experts believe inflation could reach as high as 70 percent before the end of the year

Erdogan fires statistics agency chief after publishing actual inflation rate

Turkey's critical currency crisis has caused Erdogan to change a number of high-ranking officials in his administration

Under half of Saudis think good relations with US ‘somewhat’ important

While Saudi citizens favor better relations with Russia over the US, three-quarters of the population oppose the war in Ukraine and blame the Russian military action for higher food prices

Syria’s grain harvest decimated by US-sponsored war, climate change: FAO

Western sanctions and rampant security issues related to the presence of foreign occupation troops have slashed Syria's grain output significantly

Aramco CEO slams European energy crisis plan as short-term solution

The CEO highlighted that climate change goals did not need to change but that the world needed a more viable energy plan

Germany hopes to replace Russian gas with Qatari, UAE supply

As Europe heads towards a disastrous winter after banning the purchase of Russian fuel, the continent's largest economy is scrambling to find a way to shield its many industries

Egypt’s Sisi makes first official visit to Qatar

After a three-year estrangement, Egyptian President Abdel Fattah al-Sisi arrives in Qatar to establish reconciliation between the two countries

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

Ankara in talks with Washington to boost LNG supply

The talks come as Europe is looking to impose a price cap on Russian oil imports

Qatar FM stresses importance of salvaging Iran nuclear deal

This is the second time in two months that Qatar and Iran's foreign ministers discuss the revival of the deal

Less than two percent of Yemenis vaccinated against COVID-19

Widespread destruction caused by Saudi-led coalition bombs has prevented international aid groups from reaching large portions of the population

Cash-strapped Afghanistan offers to barter dried fruits, medicinal herbs for Russian fuel

Afghanistan's humanitarian crisis took a turn for the worse this week, after the White House finalized their theft of $7bln of the country's foreign reserves

Families of 9/11 victims call on Joe Biden to return stolen Afghan funds

The US government has stolen billions of Afghanistan's foreign reserves despite the country's dire humanitarian crisis

USAID earmarks $29.5mln for Lebanon to counter aid offers from Iran and Russia

The donation from Washington comes at a time when both Moscow and Tehran are awaiting a response from Lebanese officials to provide the country with grain and fuel

White House finalizes theft of Afghanistan’s foreign reserves

On the first anniversary of the Taliban's victory against the US-trained army, Washington unilaterally decided to keep $7bln of Afghanistan's foreign reserves

Peace with Syria: The final piece in Turkey’s foreign policy puzzle

Ankara has managed to reset relations with several neighbors, yet normalization with Damascus has remained the most elusive, until recently. Why now? And what will it take?

European companies interested in doing business with Russia via Turkey

Metallurgic companies in the EU are reportedly looking to bypass western sanctions by selling products to Moscow with Ankara as the middleman

CIA pivots from ‘war on terror’ to countering China: Report

The US spy agency says that, while 'counterterrorism' efforts will continue in West Asia, their top priority is now to counter Beijing and Moscow

Five major Turkish banks adopt Russian payment system

Western nations are reportedly on high alert about Ankara's flourishing economic ties with Moscow

White House approves potential $5.3bln arms deals with Saudi Arabia and UAE

Despite promises to end support for Riyadh's brutal war on Yemen, Joe Biden has approved several arms deals with the kingdom and is considering lifting a ban on the sale of 'offensive weapons'

Putin and MbS discuss energy cooperation days after Biden visit to Saudi Arabia

The US president returned home empty-handed after the Saudi crown prince confirmed he would not increase oil production levels or break with its OPEC+ commitments

Lebanese PM wants to freeze corruption case against central bank chief

The PM-designate made his suggestion after Lebanese security forces raided the Beirut headquarters of the central bank in search of Riad Salameh

Rights group calls UN response in Yemen ‘unacceptably poor’

Yemen has been at war with the Saudi-led coalition for seven years, resulting in over 377,000 deaths and the displacement of over four million people