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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.

Lebanon's Farmers Union said the acts of one person or a gang of criminals should not result in punishment for the entire Lebanese people.

The Iraq Report: US troop withdrawal boosts Iranian ambitions

The New Arab

The Iraq Report: US troop withdrawal boosts Iranian ambitions

Iran views US reticence to continue operating in Iraq not only as a sign of weakness but as an opportunity to further cement its hold and power over Iraqi affairs.

Iran starts up advanced centrifuges in nuclear deal breach

The New Arab Staff & Agencies

Iran starts up advanced centrifuges in nuclear deal breach

By starting up the advanced centrifuges in breach of its faltering nuclear deal Iran is yet to reciprocate Washington's "very serious" ideas on ...

US asks Iran to be 'pragmatic'

The New Arab Staff & Agencies

US asks Iran to be 'pragmatic'

Following talks in Vienna, the US has asked Iran to be more practical when it comes to renegotiating the nuclear deal.

The New Arab Staff & Agencies

US put forward 'very serious' ideas to Iran: official

At talks in Vienna, the US presented Iran with proposals to restart the nuclear deal.

The New Arab Staff & Agencies

US 'open' to direct talks with Iran

The US will take part in next week's talks in Vienna, which Iran will also attend.

The New Arab Staff & Agencies

Iraq parliament approves 2021 budget

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

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.

China seeks to protect Iran nuclear deal, defend ties

The New Arab Staff

China seeks to protect Iran nuclear deal, defend ties

Beijing said it will protect ties with Tehran, amid reports that large amounts of Iranian oil have been transferred to China.

The New Arab Staff & Agencies

Saudi Aramco reports 30% drop in payments to state

Saudi Arabia's Aramco paid 30 percent less in taxes to the Saudi government than in 2020 amidst a prices crisis on oil mainly due to ...

<em>Oil</em> prices surge after attack on Saudi <em>oil</em> site

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 ...

Swiss on course to pass Muslim 'burqa ban'

The New Arab Staff & Agencies

Swiss on course to pass Muslim 'burqa ban'

Swiss people voted on whether to ban full facial coverings in public places, on free trade agreement with Indonesia, and on an electronic ...

Venezuela 'swaps' jet fuel for Iran's gasoline

The New Arab Staff

Venezuela 'swaps' jet fuel for Iran's gasoline

Iran is allegedly receiving jet duel from Venezuela in exchange for gasoline as part of a 'swap deal' concocted by both countries’ oil ...

Sudan floats currency, part of measures to overhaul economy

The New Arab Staff & Agencies

Sudan floats currency, part of measures to overhaul economy

The move was a key demand by the International Monetary Fund.

Jonathan Fenton-Harvey

Biden's pledges to 'end' involvement in Yemen 'not enough'

The new US president may have pledged to reduce support to Saudi Arabia’s war in Yemen, but many Yemeni-Americans say it is not enough, writes Jonathan Fenton-Harvey.

The New Arab Staff & Agencies

Libya embarks on new transition phase

In a potential 'turning point' move, Libya has stepped into a new phase following the selection of a new unity government.

The New Arab Staff

US trying to 'seize illegal Iranian oil' aboard tanker

The attempt to seize Iranian oil stands in stark contrast to the Biden administrations broader overtures to Tehran.

The New Arab Staff

Egyptian government concerned by economic threat from Israel-UAE pipeline

Amid continuing uncertainty, the director of Egypt’s Suez Canal Authority has backtracked on statements that a proposed UAE-Israel oil ...

Peace in troubled Libya brings back traditional weavers

Peace in troubled Libya brings back traditional weavers

For some, the ancient tradition of weaving offers a way to earn an income - as well as resuming a way of life that the war had stopped.

The New Arab Staff & Agencies

Indonesia seizes Iranian and Panamanian oil tankers

Indonesia has seized an Iranian and a Panamanian oil tanker suspected of illegally transporting oil off the coast of Borneo ...

Libya <em>oil</em> output makes high-stake but fragile return

The New Arab Staff & Agencies

Libya oil output makes high-stake but fragile return

Libya has increased its oil production tenfold, but this is still below the levels of the Gaddafi era, experts say.

Amid crippling sanctions, Iran traders seek lifeline in Iraq

The New Arab Staff & Agencies

Amid crippling sanctions, Iran traders seek lifeline in Iraq

To avoid the US sanctions imposed on Iran, traders are crossing the border into neighbouring Iraq to sell their wares.

Iraq grants $20bn construction projects to Chinese companies

The New Arab Staff

Iraq grants $20bn construction projects to Chinese companies

Iraq has granted $20 billion worth of construction projects to a consortium of Chinese companies, according to local media reports.

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