Breaking News: Middle East
Trump says any country that buys oil from Iran will not be allowed to do business with U.S.
President Donald Trump said Thursday any country or person that buys oil or petrochemicals from Iran will not be allowed to do any business with the U.S. U.S. crude oil futures rose $1.03, or 1.77%, to close at $59.24 per barrel, while global benchmark Brent gained $1.07, or 1.75%, to settle at $62.13. Iran is […]
Read More
Saudi oil giant Aramco posts drop in full-year profit, slashes dividend
Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi state oil producer Aramco reported on Tuesday a decline in net profit to $106.2 billion in 2024, down from $121.3 billion in 2023. The […]
Read More
Israel’s Netanyahu heads to US to discuss ‘victory over Hamas’ with Trump
WASHINGTON, DC – JULY 24: Israeli Prime Minister Benjamin Netanyahu speaks to reporters alongside Speaker of the House Mike Johnson (R-LA) at the U.S. Capitol Building on July 24, 2024 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images Israeli Prime Minister Benjamin Netanyahu said Sunday he will discuss “victory over Hamas,” countering Iran […]
Read More
‘The sky is the limit’ on Damac investment in the U.S., Dubai property giant’s chief says
DUBAI, United Arab Emirates — The sky’s the limit when it comes to Dubai property giant Damac’s investment in the United States, the company’s chairman told CNBC on Thursday. Two days prior, President-elect Donald Trump announced a $20 billion foreign investment by the Emirati company to build new data centers across the U.S. — adding that its […]
Read More
Assad regime on brink of collapse in Syria as rebel forces claim Damascus
TOPSHOT – Fighters fire towards Syrian Army troops in the Rashidin district on the outskirts of Aleppo on Nov. 29, 2024. Bakr Alkasem | Afp | Getty Images The more than 50-year Assad dynastic dictatorship was on the cusp of collapse on Sunday, as rebel forces seized the capital of Damascus in a lightning offensive […]
Read More
Oil giant Saudi Aramco posts 15% drop in third-quarter profit but maintains dividend
Saudi Aramco’s Ras Tanura oil refinery and oil terminal Ahmed Jadallah | Reuters Saudi state oil giant Aramco reported a 15.4% drop in net profit in the third-quarter on the back of “lower crude oil prices and weakening refining margins,” but maintained a 31.05 billion dividend. The company reported net income of $27.56 billion in […]
Read More
Hezbollah leader Hassan Nasrallah killed in strike, Israeli army says
A portrait of Hezbollah chief Hassan Nasrallah sits amid destruction in a area targeted overnight by Israeli airstrikes in Saksakiyeh on September 26, 2024. Mahmoud Zayyat | Afp | Getty Images The Israeli army on Saturday officially announced the killing of Hezbollah’s leader Hassan Nasrallah, one day after carrying out a large-scale attack on Lebanon. […]
Read More
Blinken wraps up Mideast trip with Gaza deal still elusive
U.S. Secretary of State Antony Blinken speaks to the press, in Doha, Qatar, August 20, 2024. Kevin Mohatt | Reuters U.S. Secretary of State Antony Blinken sought during a whirlwind trip to the Middle East to inject urgency into efforts to broker a Gaza ceasefire deal, but departed the region on Tuesday with an agreement between Israel and Hamas still elusive. Blinken and mediators from […]
Read More
Oil giant Saudi Aramco’s second-quarter profit dips 3% on lower crude production volumes
A 3D printed natural gas pipeline on Feb. 8, 2022. Dado Ruvic | Reuters Saudi state oil giant Aramco reported $29.1 billion in net profit for the second quarter, a dip of just over 3% from the same period last year as crude production volumes remained low. Aramco reaffirmed its second-quarter base dividend of $20.3 […]
Read More
Iran elects reformist Masoud Pezeshkian in presidential runoff vote
FILE Image: Presidential prospect Masoud Pezeshkian shows the victory signal through a campaign celebration in Tehran, Iran June 23, 2024. Majid Asgaripour | By way of Reuters Iran elected Masoud Pezeshkian to its presidency, in an unforeseen victory for the country’s reformist camp amid deep social discontent, economic hardship, and regional war. Pezeshkian gained 16.3 […]
Read More