PetroChina and Sinopec - two leading Chinese energy companies - have reportedly moved to buy stakes in Saudi Aramco - the world's biggest oil production company.
A new research shows the economic sanctions against Russia by the European Union have already cost the European countries around €30 billion.
A new study shows thousands of Saudi taxi drivers could suffer as soon as women get the chance to drive their own cars as of next June.
The World Gold Council says Russia has been expediting its purchases of gold as part of a campaign to its reduce reliance on the US dollar.
Japan’s giant automaker Honda plans to recall around 450,000 cars in China due to concerns about airbags made by the troubled Japanese brand Takata.
The latest official figures show that Qatar’s economy slowed down in the second quarter to its lowest rate since the global financial crisis.
The latest official figures show that Saudi Arabia has returned to recession in what is expected to have been a result of low oil incomes.
Lebanon says it plans to halt flights by its flagship carrier airline to Iran’s Kurdish region from Friday.
Russia says it plans to set up a new investment platform with Saudi Arabia to fund joint industrial projects particularly in the area of energy.
Iran says it plans to construct an oil refinery in Syria’s western city of Homs through an investment of $1 billion.
Austria’s Oberbank has signed a major deal with over a dozen Iranian banks to provide loans for projects by Austrian companies in the country.
Venezuela has reportedly stopped using US dollars in its oil trade activities.
China's CITIC Group has signed an agreement with five Iranian banks to provide a credit line of $10 billion for Iran's infrastructure projects.
Iran says it expects to increase its production of crude oil to as much as 4.5 million barrels per day within the next five years.
Russia’s biggest bank Sberbank says it is preparing to issue 10 million credit cards to citizens – a move which is expected to take the country closer to a plan to replace rivals like Visa and MasterCard.
Seeking to curb its urban air pollution, which is viewed as one of the worst in the world, China is pushing for electric vehicles on its city streets.
Private lenders from Iran and South Korea have signed an agreement to cooperate over banking issue with each other.
Austria’s Oberbank says it will soon sign an agreement with Iran which would enable it to finance new ventures in the Islamic Republic.
Iran has reported an increase of about a quarter in the transit of goods in its key transportation points.
Iran says it has lifted the customs tariffs on certain agricultural products that are exported to Eurasian countries.
Experts say Hurricane Harvey could be America’s second-costliest natural disaster after Hurricane Katrina that struck in 2005.
Iran’s Petroleum Minister Bijan Zanganeh says every new agreement with a foreign company over the development of the country’s oil and gas projects shows that US policies against the Islamic Republic are already failing.
Iran says it expect to clinch foreign finance deal worth a collective of about $30 billion in the near future.
Iran’s Kish Airline has announced an ambitious plan to purchase over a dozen new planes from global aviation giant Airbus and Boeing.
Iran says international air traffic over its skies has reached above 1,400 planes per day in what is believed to be a result of growing confidence in the country’s safe airspace.
Behrouz Kamalvandi, the spokesman of the Atomic Energy Organization of Iran (AEOI), says a new nuclear power plant which Iran is building with Russia would be launched before 2025.
German automaker Volkswagen has announced that it plans to reincarnate an electric version of its Microbus, the iconic, bug-eyed "hippie bus".
Total CEO says Patrick Pouyanne has announced a plan to buy Maersk Oil, a unit of the Danish shipping giant A.P. Moller-Maersk, for $7.45 billion.
Mahammad Sanusi Barkindo, the secretary general of the Organization of the Petroleum Exporting Countries (OPEC), in a letter congratulated Iran’s Petroleum Minister Bijan Zanganeh for his reappointment.
A prominent Chinese economist has warned that the country will accumulate $7.6 trillion worth of the so-called "bad" debt by the end of 2017.
American business leaders are already showing reactions to the controversial response of President Donald Trump to the violent events at a white supremacist rally in Charlottesville, Virginia.
The Russia-backed Eurasian Economic Union (EAEU) says it expects to sign a temporary agreement with Iran before October over the establishment of a free trade zone with the Islamic Republic.
Nervous traders have scrambled take refuge in traditional safe havens such as gold, silver, bonds, Japanese yen and Swiss franc.
The International Energy Agency (IEA) has cut its estimates for the amount of crude needed from the Organization of the Petroleum Exporting Countries (OPEC) this year and in 2018.
Russia says it plans to speed up work on reducing its dependence on US payment systems and the dollar.
China’s foreign exchange reserves increased to a nine-month high in July in what appears to have been much higher than what the analysts had expected.
Foreign Minister Fumio Kishida said Tuesday said Japan had lodged a protest with China over its apparent deployment of drilling rigs near the median line.
Saudi Arabia’s unemployment rate has increased by over one percentage point on a yearly basis, official data show, amid a costly war on Yemen and low oil prices.
Japan says it plans to raise tariffs on imports of frozen beef from the United States and other countries from next month.
The International Monetary Fund is going to initiate a “new instrument” to provide states with support but no money.
The IMF's bylaws, she said, call for the institution's head office to be located in the largest member economy.
The profits of the second quarter of the year for Google parent company Alphabet drop in the wake of an anti-trust fine by the European Union.
On Thursday, Russian President Vladimir Putin signed off on a new state policy strategy that views the US as aspiring to dominate the world’s oceans in a threat to Russia.
The International Monetary Fund (IMF) has approved a $1.8 billion loan to Greece but says Athens can receive the loan only if it gets debt relief from its European creditors.
Riyadh is hard pressed for oil revenues as its protracted war in Yemen is taking a heavy toll on the kingdom’s budget.
Afghanistan says it plans to construct 20 more dams in face of warnings that the move could undermine life in some of its neighboring countries, specifically Iran.
Doha plans to airlift thousands of dairy cows from abroad as a means of resisting the Saudi-led blockade imposed on the country.
Moscow said on Friday it was ready to revise a deal between OPEC and non-OPEC producers to shore up prices through trimming output.
Poland's President Andrzej Duda has unveiled a plan that would make it the European hub for imports of natural gas from the US.
Asian markets mostly rose on Tuesday with energy firms rallying with their US counterparts after the recovery in oil prices extended in New York.
Qatar’s stock market declines severely as nears its end the Persian Gulf nation’s deadline to give in to demands by a group of Saudi-led countries.
Barclays, Lloyds and Royal Bank of Scotland say they have halted trading Qatari riyals following similar moves by the Post Office, a major high street currency exchange in the UK.
The International Monetary Fund (IMF) has reduced its growth forecasts for the US economy and also says the dollar is overvalued by 20 percent.
A new research note from Bank of America Merrill Lynch shows that Bahrain and Oman are the most vulnerable among exporters to low oil prices.
Indications are growing that a Saudi-led blockade against Qatar is already showing its impacts on the country’s tourism industry.
Billionaire businessman Andrej Babis who is seen as the next likely prime minister of the Czech Republic says his country will do better without euro.
The Italian government says it has released €5.2 billion in emergency funding to rescue two failing banks - Banca Popolare di Vicenza and Veneto Banca.
Russian gas operator Novatek says it has ambitious plans to topple Qatar as the world’s biggest exporter of liquefied natural gas (LNG).
German and European firms are heavily involved in Nord Stream 2 which is about to take Russian gas across the Baltic to Europe through a pipeline.
Bahrain says it expects to receive first deliveries of liquefied natural gas (LNG) from Russia in early 2019.
The International Energy Agency (IEA) has warned that the increasing diplomatic tension between Qatar and its Arab neighbors is already leading to operational problems in the region.
Riyadh has doubled the price for cigarettes in Saudi Arabia as part of tax measures aimed at helping the cash-strapped kingdom.
A Russian company has imported the first lot of tomatoes from Syria as Moscow keeps its restrictions on importing some food items from Turkey.
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to extend until March 2018 an oil output cut deal that was sealed last year to help shore up prices.
Russia and Saudi Arabia say they have agreed to extend a landmark agreement to cut their oil output until March 2018.
China’s President Xi Jinping has pledged $124 billion for his ambitious new Silk Road plan, saying everyone was welcome to join.
China has sent its first homegrown passenger plane - the C919 – into the skies.
Analysts say China may invest as much as $500 billion in a landmark initiative designed to revive the ancient Silk Road.
A judge on Friday ordered Volkswagen to pay a $2.8 billion criminal penalty in the United States for cheating on diesel emissions tests.
Saudi Arabia’s Energy Minister Khalid al-Falih says an agreement between world’s biggest oil producers to cut their production may have to be extended to ensure maximum results.
The Organization of the Petroleum Exporting Countries (OPEC) expects price recovery for oil market after output cuts.
Saudi Arabia's Energy Minister Khalid al-Falih has kicked off a massive multi-billion-dollar plan which is expected to increase the kingdom’s production of electricity from renewable sources by 10 percent within the next few years.
Saudi Arabia has reportedly canceled or restructured economic and infrastructure projects worth billions of dollars.
The World Trade Organization says it expects global trade would recover slightly in 2017 despite political and economic uncertainties.
Member states of the Organization of the Petroleum Exporting Countries (OPEC) cut their oil output in March more than the arranged figures.
Germany’s largest crude oil and natural gas producer has called for removing EU sanctions imposed on Russia over the eastern Ukraine crisis.
Oil prices hit a one-month high after the United States fired missiles at a Syrian airbase.
Qatar Petroleum CEO and President Saad Sherida al-Kaabi says Doha plans to increase production from a massive underwater gas field it shares with Iran in the Persian Gulf.
Concerns are rising over the health of Brazilian animal products exported to global consumption markets as a result of a tainted meat scandal involving certain key producers.
The Asian Infrastructure Investment Bank (AIIB) says it has approved 13 new applications to join it bringing the total membership of the bank which was initiated by China to 70.
Russia says it has devised an alternative to SWIFT global interbank money transfer service.
Riyadh struggles with a slumping oil market and a desperate need to diversify its economy, prompting King Salman to embark on a lavish tour of Asia.
Volkswagen has adopted a new strategy to increase its shares in the Indian market.
Russia says it has fulfilled its commitment under a deal reached with OPEC in December.
Fitch Ratings predicts global oil prices are to collapse in the current year.
France’s PSA Peugeot Citroen is on its way to becoming Europe’s second largest automaker after Germany’s Volkswagen with the purchase of Opel-Vauxhall.
New official figures confirm US sluggish growth in 2016.
Unknown sources say Saudi Arabia expects crude prices to rise to $60 per barrel.
In a letter, US companies urge Congressmen to push tax code rewrite
Uncertainty over Brexit and US president economic policies have arisen concerns of HSBC.
More weapons were sold across the globe between 2012 and 2016 than any other five-year period since 1990, according to Sipri.