JERUSALEM: Israel and the UAE said Friday they had agreed on the terms of a free trade agreement to boost commercial relations following their normalization of ties, AFP is reporting. Israel described as “historic” the deal abolishing customs duties on “95 percent of the products” exchanged between the Jewish state and Gulf Arab country. The […]
RIYADH: The US is playing down a nuclear deal with Iran, the negotiations of which would involve Moscow, in another example of the complications caused by the war between Russia and Ukraine. The conflict is also affecting costs of raw materials which, in return, is impacting costs of electric trucks, solar power, and wind power. […]
US blasts participation of Iran, ‘which is single-handedly threatening maritime stability in the Gulf’
Saudi oil exports recorded a significant jump of 57.5 per cent on an annual basis, amounting to $8 billion during the month of January. According to government data, issued by the Saudi General Authority for Statistics, petroleum exports amounted to $22 billion compared to $14 billion in the same month in 2021. Merchandise exports increased […]
RIYADH: The OPEC+ oil producers’ alliance led by Saudi Arabia and Russia plays an “essential role” in bringing balance and stability to oil markets, the Saudi Cabinet said on Tuesday. Ministers urged the international community to assume responsibility for maintaining energy supplies, and to be aware of the danger of Iran supplying the Houthi militia in […]
The Doha International Maritime Defense Exhibition and Conference (DIMDEX 2022) opened its doors to visitors in Qatar on Monday with the participation of several prominent Turkish defense industry companies among others. The DIMDEX 2022, being held at the Qatar National Conventions Center in the capital, Doha, was opened with a ceremony attended by the emir […]
President Recep Tayyip Erdoğan’s recent visit to the United Arab Emirates (UAE) stimulated Turkey’s exports to the Gulf country, with foreign sales data for February reflecting the warming ties between the countries. Consequently, Turkey’s exports to the UAE increased by 52.4% last month compared to the month before, according to an Anadolu Agency (AA) report […]
Oil prices climbed about 3% on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels a day (bpd) of Russian crude and refined products from April. The supply loss would be far greater than an expected drop in demand of one million bpd triggered by higher fuel prices, the IEA […]
With Iran in mind, several Gulf countries are feeling out potential high-tech weapons deals with Israel after rapid sea-change in relations.
China has refused to supply Russian airlines with aircraft spare parts, a spokesman for the Russian civil aviation agency Rosaviatsia said today, according to the Interfax news agency. The spokesman said Russia would seek opportunities to buy aircraft parts from other countries, including Turkey and India
