Month: May 2018

U.S., North Korea enter second day of nuclear talks

by Rodrigo Campos, Daniel Bases -- NEW YORK (Reuters) - U.S. Secretary of State Mike Pompeo and high-ranking North Korean official Kim Yong Chol entered a second day of meetings in New York on Thursday as they tried to settle nuclear weapons disagreements and set the stage for an historic summit between their leaders. The two […]

Russia's opposition journalist Arkady Babchenko shot dead in Kiev

Russian journalist Arkady Babchenko has died after being shot near his home in Kiev, Ukrainian police say. Mr Babchenko, 41, was found bleeding at the entrance to his block of flats by his wife and died in an ambulance. After writing about a crashed Russian military plane in 2016, Mr Babchenko said he received death […]

Why Trump’s Iran sanctions could backfire on US goals to stabilize Afghanistan’s economy

Afghanistan is at risk of become an unintended victim of the Donald Trump administration's sweeping sanctions against Tehran, announced as part of the U.S. decision to withdraw from the 2015 Iran nuclear deal in early May. A major port complex is being developed on Iran's southern coast that is set to provide a transport corridor […]

Russian oil producer puts Iran plans on hold due to threat of U.S

Lukoil, Russia’s second biggest oil producer, said on Tuesday it had decided not to go ahead with plans to develop projects in Iran at the moment due to the threat of U.S. sanctions, a company official said. The United States plans to impose new sanctions on Iran after pulling out of a 2015 agreement between […]

The Latest: US seeks urgent UN meeting on Gaza rocket attack

The Latest on the violence along the Israel-Gaza border (all times local): 10:50 p.m. The United States has called for an emergency meeting of the U.N. Security Council after Gaza militants fired dozens of rockets and mortar shells into southern Israeli, wounding three soldiers. The U.S. Mission to the United Nations said it expects the […]

Saudis, Kuwait, UAE are said to plan Saturday meeting on Opec

Energy ministers from Saudi Arabia, the United Arab Emirates and Kuwait plan to meet on Saturday to discuss Opec matters, about a week after the Saudis and Russia announced a new policy to revive oil production. Saudi Energy Minister Khalid Al Falih will meet with Kuwait’s Bakheet Al Rashidi and the UAE’s Suhail Al Mazroui […]

Bahrain to issue 10-year self-sponsorship permit

Bahrain is to issue a ten-year renewable residency permit on a self-sponsorship basis to foreign investors. Crown Prince Salman Bin Hamad Al Khalifa on Tuesday evening instructed the Minister of Interior to prepare a draft edict to create the self-sponsorship residency permit for foreign investors. The new system is designed to reinforce Bahrain’s position as […]

Rising fast: Dubai's next tallest tower hits milestone

Construction of the world’s next tallest tower in Dubai has reached a new milestone and is running ahead of schedule. The 450 skilled workers commissioned for the $1 billion (Dh3.6 billion) project have just completed the concrete placement for the pile cap of the super-tall masterpiece, it was announced on Tuesday. The pile cap is […]

Syria recognises Russian-backed Georgia regions

Syria has recognised two Russian-controlled regions of Georgia - Abkhazia and South Ossetia - as independent states, angering Georgia. The Georgian Foreign Ministry responded by saying it was breaking off diplomatic relations with Syria. Separatists in Abkhazia and South Ossetia broke away from Georgia in 2008 with massive help from Russian troops. Besides Russia and […]

Outrage as Syria, accused of using chemical weapons, assumes presidency of UN disarmament group

Syria has assumed the rotating presidency of the United Nations Conference on Disarmament in Geneva, which negotiated the global ban on chemical weapons. Western governments protested the new leadership, which took effect Monday. The head of the conference changes every four weeks among UN member countries in alphabetic order. “The Syrian regime has caused immeasurable […]

Israel is building an 'impenetrable' underwater sea border with the Gaza Strip made of armored stone and barbed wire

Israel has begun construction on a massive underwater barrier with the Gaza Strip which it is calling "impenetrable." Israel and the Gaza Strip are both located along the Mediterranean Sea, and are separated by several land borders. But no barrier has ever been erected at sea. A satellite image of Israel's border with the Gaza […]

Israeli Military Says More Than 25 Mortar Shells Have Been Fired From Gaza

Gaza militants fired more than 25 mortar shells toward communities in southern Israel Tuesday, the Israeli military said, in what appeared to be the largest single barrage fired since the 2014 Israel-Hamas war. No one was hurt and the military said most were intercepted by the Iron Dome defense system. But the high volume of […]

Brent slumps as Saudis and Russia say reviving output

Brent crude headed for its longest run of losses in almost four months as Saudi Arabia and Russia said they are discussing reviving output to ease consumer anxiety after prices jumped to levels last seen in 2014. Brent futures that traded above $80 (Dh294) a barrel last week slumped near $75 in London Monday, while […]

Dana Gas receives $40m in payments from Egypt

Dana Gas on Monday announced it has received $40 million (Dh146.8 million) in payments from the Egyptian government taking the total receipts to $88.8 million (Dh325.9 million) this year. The company said it will use the cash to proceed with growth initiatives such as drilling Balsam-8 in its development lease onshore Nile Delta to increase […]

Tristar Group opens new facilities in Abu Dhabi, Oman

Tristar Group has opened new transport and warehouse facilities in Abu Dhabi and Oman aimed at enhancing its integrated logistics services to the downstream oil industry in the GCC (Gulf Cooperation Council). The two new facilities are located in the Industrial City of Abu Dhabi and Rusayl Industrial Estate in Oman in an area of […]

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