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Iraq has announced that it has made a formal offer for ExxonMobil's share of the West Qurna 1 oilfield in southern Iraq.

Islamic State assailants reportedly killed a policeman and wounded two others before blowing two wells at Bay Hassan, a key oil field in the Iraq's Kirkuk province.

Saudi Arabia could save $200 billion with green energy

The New Arab Staff

Saudi Arabia could save $200 billion with green energy

Saudi Arabia needs funding to invest in all the plans leading up to the completion of Saudi Vision 2030.

Can Saudi Arabia's fanciful climate plan actually work?

Courtney Freer

Can Saudi Arabia's fanciful climate plan actually work?

Comment: Saudi Arabia's ability to comply with its own green goals may remain elusive, but its rhetorical commitment to renewable energy is ...

Can Saudi Arabia and Pakistan mend frayed ties?

Sabena Siddiqui

Can Saudi Arabia and Pakistan mend frayed ties?

Analysis: Amid new geopolitical shifts and realignments in the region, Saudi Arabia and Pakistan appear to be pursuing a reset in relations.

The New Arab Staff & Agencies

Mideast 'early inoculators' to recover by 2022: IMF

The International Monetary Fund raised its 2021 MENA growth forecast because of early inoculation of the vaccine, while saying inequalities are deepening between countries.

The New Arab Staff

UAE commences operations of first-ever Arab nuclear plant

'The first megawatt from the first Arab nuclear plant has entered the national power grid.'

The New Arab Staff & Agencies

OPEC+ to boost oil production after US 'pressures' Riyadh

Following a call from US Energy Secretary Jennifer Granholm to her Saudi counterpart Prince Abdulaziz bin Salman, OPEC+ countries have ...

The New Arab Staff & Agencies

Iraq parliament approves 2021 budget

Iraq's 2021 budget was revealed by authorities on Thursday.

<em>OPEC</em>+ expected to keep output cuts amid Covid recovery

The New Arab Staff & Agencies

OPEC+ expected to keep output cuts amid Covid recovery

Saudi Arabia has agreed to cut its own output to one million barrels a day as the market struggles to recover from Covid.

The New Arab Staff & Agencies

Iraq PM soothes security concern on Saudi visit

In a long-awaited meeting, the Saudi Arabia Crown Prince hosted the Iraqi PM in talks surrounding the kingdom's security, as well as tightening ...

Iraq PM seeks closer trade ties on Saudi visit

The New Arab Staff & Agencies

Iraq PM seeks closer trade ties on Saudi visit

Prime Minister Mustafa Al-Kadhemi has met with Mohammed bin Salman to discuss closer ties and cooperation.

Saudi plans $3.2 trillion investments to boost private sector

The New Arab Staff & Agencies

Saudi plans $3.2 trillion investments to boost private sector

Saudi Arabia announced plans for $3.2 trillion in investments by 2030 to boost the private sector and diversify its oil-reliant economy.

Disagreements in Saudi Arabia over <em>OPEC</em>+ oil cuts strategy

The New Arab Staff

Disagreements in Saudi Arabia over OPEC+ oil cuts strategy

Despite early reports that Saudi Arabia wishes to maintain the OPEC+ oil production cuts, conflicting accounts have since emerged.

Oil prices ease after Suez Canal traffic resumes

The New Arab Staff & Agencies

Oil prices ease after Suez Canal traffic resumes

As traffic resumed in the Suez canal after the MV Ever Given, that was blocking it since Tuesday, was freed, global oil prices eased.

Moustafa al-Saied, Ali Eid and Mohamed Abo El-Gheit

How Russia swooped Syria's hydrocarbon share in Eastern Mediterranean

An investigation by The New Arab’s sister site Al-Araby Al-Jadeed delves into Soyuzneftegaz's operations in Syria, its questionable credentials, links to corruption and hidden manoeuvres with the Assad regime.

The New Arab Staff & Agencies

India rejects 'undiplomatic' Saudi advice on oil reserves

India has reiterated that it could seek alternative energy sources amid high crude prices.

The New Arab Staff & Agencies

Saudi Arabia unveils campaign to tackle climate change

Saudi Arabia has revealed plans to plant billions of trees as part of a campaign to tackle climate change.

The New Arab Staff & Agencies

Dubai's deputy ruler Sheikh Hamdan bin Rashid dies

Sheikh Hamdan bin Rashid Al Maktoum, who served as the UAE's finance minister since 1971, had been in poor health for several months.

Oil prices drop despite fears over Saudi missile attacks

The New Arab Staff

Oil prices drop despite fears over Saudi missile attacks

Oil prices spiked after a suspected Iranian attack on Saudi oil facilities over the weekend.

The New Arab Staff & Agencies

Oil prices surge after attack on Saudi oil site

Brent crude, the international standard, surpassed $70 per oil barrel for the first time in over a year following strikes on major oil ...

Aramco seeks extension on $10 billion loan: sources

The New Arab Staff

Aramco seeks extension on $10 billion loan: sources

Aramco asks banks to extend by a year a $10 billion loan it raised last May, suggesting that rebounding crude prices are not pushing the oil ...

Ex-Saudi oil minister Ahmed Zaki Yamani dies at 90

The New Arab Staff & Agencies

Ex-Saudi oil minister Ahmed Zaki Yamani dies at 90

Known for his Western-style business suits and soft-spoken, measured tones, Ahmed Zaki Yamani helped Saudi Arabia command a dominating presence ...

Lebanese associate of Carlos the Jackal dies in Damascus

The New Arab Staff & Agencies

Lebanese associate of Carlos the Jackal dies in Damascus

Lebanese militant Anis Naccache died Monday of coronavirus in a Damascus hospital at the age of 70.

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