Middle East

Biden Administration to Impose New Sanctions on Iran for Its Arms Sales That Bolster Russia's Defense Against Ukraine

The Biden administration is reportedly preparing to announce new sanctions on Iran in retaliation for its arms sales that have fortified Russia's defenses amid war with Ukraine.


Microsoft Catches Hackers From Russia, China, North Korea, Iran Using OpenAI Tools to Improve Their Cyberattacks

Microsoft revealed on Wednesday that state-backed hackers from Russia, China, North Korea, and Iran have been using tools provided by its partner OpenAI to enhance their hacking techniques and deceive..

Houthi Rebels Fired at 2 Commercial Ships in Red Sea Days After US, UK Hit Dozens of Houthi Targets in Yemen

The Iranian-backed Houthi rebels fired missiles at two commercial vessels in the Red Sea on Tuesday, the first attacks since the US and UK launched strikes against dozens of Houthi targets in Yemen ov..

McDonald’s, Starbucks Experience Sales Decline as Israel-Hamas Conflict Drags On

McDonald's and Starbucks blamed the Israel-Hamas conflict for a sales drop in 2023...


Latest News

Iran plans to buy 90 jets per year: old fleet to be renovated
Media reports on Sunday reveal Iran's plans to buy up to 300 units of Boeing and Airbus planes to replace its antiquated fleet by purchasing at least 90 planes annually. An official of Iran's civil av
Teva to buy Allergan generic drug business for $40.5 billion, drops Mylan bid
Teva Pharmaceutical Industries has agreed to buy Allergan Plc's generic drugs business for $40.5 billion in a cash and stock deal that will turn the Israeli company into one of the world's largest pha
Google's Waze to start carpooling pilot program in Israel
Google-owned online mapping company Waze is launching a carpooling pilot program in Israel where commuters pay fellow drivers a small fee for a ride to and from work.
$1 coffee chain taps into Israeli anger over high cost of living
With a $1 cup of coffee, Avi Katz is starting to do something Israelis have been demanding for years and politicians have failed to achieve -- lower the cost of living.
Uncertain future for global diamond trade as profits vanish
The family businesses that make up the global diamond trade have seen their profits wiped out over the past five years, hit by shaky financing, increased costs and uncertain demand from customers who
Iran hopes to begin Russia oil-for-goods exports this week: Fars
Russia will begin importing Iranian oil under a long-heralded oil-for-goods barter arrangement in the coming week, Iran's oil minister was quoted as saying, more than a year after negotiations began.
Middle East funds negative on Saudi after oil slides: Reuters survey
Middle East fund managers have on balance become bearish on the region's biggest stock market, Saudi Arabia, after oil's rally ran out of steam and the kingdom confirmed strict rules on foreign invest
Iraqi bank to open five more branches in bet on future
An Iraqi bank controlled by Jordanian interests plans to open five more branches in Iraq by the end of this year, a sign that there is still money to be made in much of the country despite civil war a
Iran says OPEC unlikely to change output ceiling: Mehr news agency
OPEC is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zanganeh said on Sunday, according to the semi-official Mehr news agency.
Gulf states agree to push value-added tax project with oil low
Officials of the six-nation Gulf Cooperation Council agreed at the weekend to keep working toward the introduction of a value-added tax around the region, in a sign that low oil prices may be strength
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