Middle East

Meta And Snapchat Deny Limiting Palestinian Content Amid Israel-Hamas Conflict

Reports from journalists and social media users allege that social media firms like Meta shadowbans Palestinian content, suppressing fair reporting on the ground.


Starbucks to Lay off Thousands of Workers in Middle East After Being Hit by Boycott Campaign Relating to Israel-Hamas War

Starbucks' franchisee in the Middle East, Alshaya Group, is implementing significant job cuts at its coffee shops...

Industry Reacts to Houthi Attacks Disrupting Red Sea Shipping Routes, Companies Strategize

Houthi attacks disrupt Red Sea shipping, causing global companies like Geely, Tesla, and Adidas to face delays and logistic challenges, prompting strategic adaptations...

Saudi Arabia, Russia, and Some Other OPEC+ Producers to Prolong Oil Production Cuts Until June

Saudi Arabia, Russia, and some other key members of the Organization of the Petroleum Exporting Countries Plus (OPEC+) have decided to prolong their voluntary crude supply cuts until June...


Latest News

Ali al-Naimi hopeful on stability of oil market
Saudi Arabia oil minister Ali al-Naimi said that stability in the oil market will be attained only through the cooperation amid major manufacturers and this would take time. Ali al-Naimi added that al
India to resume oil import as Tehran emerge from sanctions
With the lifting of international sanctions from Tehran, India would be able to recommence its unobstructed oil import from the Persian Gulf country. Iran is anticipated to boost its oil export of 1.1
UN needs $500-mln fund requirement for Syrian children education
The United Nations (UN) has received funding of $250million and needs additional $500 million for education programs for over one million Syrian children. Gordon Brown, the former UK Prime Minister an
HSBC and JPMorgan Well Ahead In ARAMCO IPO Race
State-owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors
Afghanistan is Still The World's Largest Opium and Heroin Producer
Opium production has been one of Afghanistan source of economy. Since 1950's in the area known as Golden Crescent is a well-known opium and heroin production in the world.
To raise money, Syria government imposes tax on Shawarma, restaurants
After struggling a bitter civil war for four years, Syria's government imposes tax on shawarma, restaurants, and other businesses in everyday life as new revenue source.
ISIS selling oil to Syria
ISIS (Islamic State in Iraq and Syria) has begun selling Iraqi crude oil to Syria, against which the Islamic militant group has been fighting to take over the country.
Saudi Arabia may face cash crunch after 5 years
The indications are strong such that mighty Middle East (ME) region also may not sustain cheaper oil prices for long. If oil price continues to hover at $50 per barrel, the majority of Gulf nations wi
Optimistic OPEC secretary-general expects balanced oil market in 2016
By the end of this year and next year, the global oil market will be in a fair and sensible condition. This is according to the expectation of the Organization of the Petroleum Exporting Countries se
Lufthansa invested €3 billion in premium economy service in the Middle East
Deutsche Lufthansa AG invested €3 billion to support its new premium service in the Middle East as it sees potential growth in the region.
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