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Advertisement Oil Prices Decline as Middle East Tensions Ease Oil prices fell by about $3 on Thursday as investors bet on a possible easing of tensions in the Middle East following hopes of a wider ceasefire deal that could eventually lead to the reopening of the Strait of Hormuz. According…

An agricultural economist believes several strong dairy seasons should buffer most farmers from the stubbornly high costs of farm inputs, resulting from ongoing war in the Persian Gulf. A chokehold on key Middle East exports through the closed Strait of Hormuz, particularly energy and fertiliser, resulted in high prices for…

Chinese companies deepen Middle East footprint Invest Qatar concludes China roadshow Invest Qatar has concluded a China roadshow led by CEO Sheikh Ali bin Alwaleed Al-Thani and a senior delegation. The delegation held senior-level meetings and closed-door business exchanges in Shanghai and Hangzhou with several institutions and Chinese companies with…

Alex Pereira says the timing is right for his move to heavyweight as he prepares to face Ciryl Gane for the interim UFC heavyweight title at the UFC White House card on June 14. The former UFC middleweight and light heavyweight champion revealed that a move to heavyweight had previously…

Egyptian President Abdel Fattah Al-Sisi has reaffirmed that a comprehensive and just settlement of the Palestinian issue based on a two-state solution remains the only viable path to achieving lasting peace and stability in the Middle East. According to a statement issued by the Egyptian presidency...Read More

NEW YORK, June 1 (Reuters) - Oil prices surged more than $6 per barrel on Monday after Iran’s Tasnim news agency reported that Tehran’s negotiating team has halted message exchanges with the United States and its allied “Resistance Front” are considering measures to completely block the Strait of Hormuz and…

An airstrike is seen on 16 April in Nabatieh, Lebanon. Israel and Lebanon's ambassadors have held historic talks in Washington, the first direct diplomatic meeting between the two sides in decades. During the two-week ceasefire period between the US and Iran, Israel and the Iran-backed militant group, Hezbollah, have continued…

Chinese companies deepen Middle East footprint CRCC launches Dubai hangar project On May 18, the Emirates Engineering aircraft maintenance hangar project, undertaken by China Railway Construction Corporation (CRCC), officially broke ground in Dubai. Located in the Dubai World Central area, the project has a total investment of more than USD…

Energy Cabinet Secretary Opiyo Wandayi has assured Kenyans that the country has adequate fuel stocks despite reports of shortages in parts of the region amid the ongoing war in the Middle East. CS Wandayi, who inspected petrol stations in Nairobi and Machakos counties, said the government will keep working to…

Iranian Basij militia members display their drones during military manoeuvres in Tehran, Iran. Majid Saeedi/Getty Images Iran accused the US of violating the ceasefire after strikes in Hormozgan province. The US said its attacks were defensive in nature, targeting missile sites and boats attempting to lay mines. The Revolutionary Guards…