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Saudi Arabia's economy has contracted again, as the country grapples with falling oil production and emerges from lockdown.

Comment: A resolution to Libya's enduring conflict will require resolving how oil revenues are distributed, writes Guma El-Gamaty.

Iran 'to increase <em>oil</em> exports if US sanctions eased'

The New Arab Staff

Iran 'to increase oil exports if US sanctions eased'

With Tehran expecting the Biden administration to ease sanctions, Iranian state media announced that that the government is preparing to boost oil exports.

British-Iraqi appointed as UK Covid-19 vaccine minister

The New Arab Staff

British-Iraqi appointed as UK Covid-19 vaccine minister

Nadhim Zahawi, an Iraqi-born MP of Kurdish origin, will be in charge of the vaccine rollout in the UK.

Houthis confirm green light for UN tanker repair mission

The New Arab Staff & Agencies

Houthis confirm green light for UN tanker repair mission

Yemen has been given the all clear to inspect and repair an abandoned fuel tanker.

Stasa Salacanin

A gateway to Africa: Russia's naval base in Sudan

Analysis: Moscow's new naval base in Sudan heralds Russia's return to the geopolitical map of Africa.

The New Arab Staff & Agencies

Houthis give UN green light for tanker repair mission

The operation could begin by late January or early February, the UN spokesman said.

Rami G. Khouri

Six Middle East realities Biden can't afford to ignore

Comment: For there to be any real progress in our region, Biden must grasp how we reached this situation, and how we get out of it, writes Rami ...

The New Arab Staff

Oil jumps ten percent on Pfizer Covid-19 vaccine news

A double whammy of news for oil producers has seen the price of a barrel of crude rise by ten percent.

Biden win a chance for US to 'compensate' Iran

The New Arab Staff & Agencies

Biden win a chance for US to 'compensate' Iran

US President Donald Trump, who lost Tuesday's election to Democratic challenger Biden, has applied a "maximum pressure" policy and crippling ...

The New Arab Staff & Agencies

Iran VP hopes for change in US 'destructive policies'

Iran's First Vice President Eshaq Jahangiri said he hoped for a change in "America's destructive policies" after Joe Biden won the US elections.

Biden and the future of the Middle East's autocrats

Jonathan Fenton-Harvey

Biden and the future of the Middle East's autocrats

Biden has vowed to drastically change America's relationship with Middle Eastern autocracies, so what can the leaders of Egypt, the Gulf and ...

Biden win could see <em>oil</em> glut over Iran deal

The New Arab Staff

Biden win could see oil glut over Iran deal

A Biden win could lead to more crude on the market.

What will happen to US 'maximum pressure' on Iran?

Omid Shokri Kalehsar

What will happen to US 'maximum pressure' on Iran?

Analysis: Trump and Biden paint two very different pictures of a future relationship with Iran, but either way, the 'maximum pressure' strategy ...

<em>Oil</em> sinks more than 5% on fears over demand

The New Arab Staff & Agencies

Oil sinks more than 5% on fears over demand

Oil prices slumped shedding more than five percent as traders fear that coronavirus will continue to bring down the value for crude.

Giorgio Cafiero and Monica Leung

Biden and the Saudi quagmire in Yemen

Analysis: Few countries, if any, will feel the consequences of the 2020 US election as much as Yemen

The New Arab Staff & Agencies

Trump casts early ballot in presidential election

President Donald Trump has officially became one of nearly 55 million Americans to cast early ballots in a year when the coronavirus has made ...

The New Arab Staff & Agencies

Global oil demand to recover by 2022: Aramco

Aramco's chief executive predicted the crude oil market could recover to pre-coronavirus levels by 2022, however the International ...

The New Arab Staff & Agencies

Iran records highest single-day death toll from virus

Iran had just recently recorded its highest daily death toll four days earlier with 239 new fatalities.

Egypt vexed by Israeli-Emirati plans for 'rival Suez Canal'

The New Arab Staff

Egypt vexed by Israeli-Emirati plans for 'rival Suez Canal'

Egypt is worried over reported plans to construct a rival shipping lane that could usurp the Suez Canal, through which 10 percent of the world's ...

Courtney Freer

Concerns over transparency shroud Saudi Arabia's nuclear ambitions

Comment: Unless Saudi Arabia submits to proper IAEA inspections, its nuclear ambitions will be viewed with distrust and scepticism by the ...

Saudi Arabia slams <em>oil</em> producers for flouting production cuts

The New Arab Staff

Saudi Arabia slams oil producers for flouting production cuts

Saudi Arabia is pushing for countries that have flouted the supply curb agreements to compensate with new limits.

Israel and Dubai diamond exchanges sign trade agreement

The New Arab Staff & Agencies

Israel and Dubai diamond exchanges sign trade agreement

The Israeli diamond exchange, a world leader in the lucrative trade, will set up an office in Dubai.

Turkey approves new trade deal with Libya

The New Arab Staff

Turkey approves new trade deal with Libya

Ankara has announced an agreement to boost economic and trade ties with Libya as reports indicate Turkey is pursuing energy exploration in the ...

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