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South Korea's foreign ministry said Iran agreed to Seoul's "proposals" to use the fund, without giving details.

A statement from the G7 group of wealthy nations deploring violence against protesters comes after Washington slapped sanctions against another two members of Myanmar's junta.

South Korea agrees to partial release of Iranian funds

The New Arab Staff

South Korea agrees to partial release of Iranian funds

Iran says it has 'close to $10 billion' held in South Korean banks.

Syrian pound sinks to record low amid dollar shortages

The New Arab Staff

Syrian pound sinks to record low amid dollar shortages

The Syrian pound has sunk to 3,450 to the dollar on the black market.

Huge anti-coup rallies in Myanmar after deadly junta threat

The New Arab Staff & Agencies

Huge anti-coup rallies in Myanmar after deadly junta threat

Myanmar's military threatens to use deadly force against protesters.

The New Arab Staff

Lebanon begins phase two of easing lockdown

Travel agents, car dealerships, mechanics, car washes and flower shops will be allowed to re-open.

The New Arab Staff & Agencies

Dubai, Riyadh head for corporate showdown

Saudi Arabia and Dubai are competing to attract international businesses and boost national economies.

The New Arab Staff

Iran presidential candidate says Biden foreign policy continues 'Trumpism'

Hossein Dehghan dimmed hopes for a thaw in US-Iran relations.

Sabena Siddiqui

Can football diplomacy reunite the GCC?

The upcoming Qatar World Cup has economic benefits for the GCC which is struggling to overcome damages inflicted by the coronavirus pandemic, ...

India and China reach deal over contested border

The New Arab Staff & Agencies

India and China reach deal over contested border

Frontline troops began to pull back from the shores of the Himalayas' lake on Wednesday after several rounds of talks

The New Arab Staff & Agencies

Iran starts Covid-19 vaccination campaign

Doctors and nurses at a hospital in Tehran were the first in the country to receive Russia's Sputnik V jab, whose first doses arrived in Iran ...

Israeli ministers approve $9 billion US arms deal

The New Arab Staff

Israeli ministers approve $9 billion US arms deal

While details of the deal are yet to be finalised, it comes as the Biden administration last month announced reviews as massive arms packages to ...

Iran receives its first batch of foreign coronavirus vaccine

The New Arab Staff & Agencies

Iran receives its first batch of foreign coronavirus vaccine

The first batch of 500,000 Russian-made Sputnik V vaccines have arrived in Tehran.

Iran's president claims big victory to end sanctions

The New Arab Staff & Agencies

Iran's president claims big victory to end sanctions

President Hassan Rouhani has celebrated a legal victory after the International Court of Justice agreed to hear the case against US sanctions.

Iran 'frees' sailors from seized South Korean tanker

The New Arab Staff & Agencies

Iran 'frees' sailors from seized South Korean tanker

Iran's seizure of the vessel is seen as an attempt to increase its leverage over Seoul, ahead of negotiations to secure the release of billions ...

The New Arab Staff & Agencies

Lebanese security forces and protesters clash in Tripoli

Clashes broke out in the impoverished Lebanese city of Tripoli, the latest violence between security forces and protesters furious at the economic fallout of strict coronavirus lockdown measures.

Nizar Hassan

Tripoli's working class lives matter

Comment: Tripoli and its revolutionary youth must resist a reality in which their deaths are seen as an affordable crime by the ruling class, ...

The New Arab Staff & Agencies

What's fuelling Lebanon's lockdown protests?

More than half the population lives below the poverty line, while the Lebanese pound has lost more than 80 percent of its value against the ...

Top UAE <em>banks</em>' profits drop amid pandemic

The New Arab Staff & Agencies

Top UAE banks' profits drop amid pandemic

The UAE's top two banks reported drops in profit last year as they make huge provisions to mitigate the impact of the coronavirus ...

The New Arab Staff

Iran finds loophole in vaccine ban with Swedish import

Iran has reportedly found 'a way around' an official ban on US and British-made Covid-19 vaccines.

Lebanese in impoverished north protest virus lockdown

The New Arab Staff & Agencies

Lebanese in impoverished north protest virus lockdown

Protesters were angry that Tripoli, the most impoverished city in Lebanon, is unable to cope with the nearly month-long lockdown with little to ...

Israeli diamond tycoon convicted in Swiss corruption trial

The New Arab Staff & Agencies

Israeli diamond tycoon convicted in Swiss corruption trial

In a 'landmark' court ruling, an Israeli diamond magnate was sentenced to five years in prison on corruption charges.

Iran, pressured by blackouts and pollution, targets Bitcoin

The New Arab Staff & Agencies

Iran, pressured by blackouts and pollution, targets Bitcoin

With toxic smog blanketing Tehran skies and the country buckling under the pandemic, social media has been rife with speculation. Soon, fingers ...

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