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Abdelmadjid Tebboune urged the government to create dialogue to appease Algerian social anger.

Faced with sharp price rises, a decline in the buying power of the dinar and rising unemployment, Iraqis enter the Muslim fasting month of Ramadan with many challenges.

Turkish banks appeals to US to drop laundering charges

The New Arab Staff

Turkish banks appeals to US to drop laundering charges

Embattled Halkbank has appealed to a US court to dismiss charges related to the laundering of Iranian oil proceeds, claiming the bank is immune from prosecution.

Mideast 'early inoculators' to recover by 2022: IMF

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 ...

Iraqi youth see little hope 18 years after Saddam

The New Arab Staff & Agencies

Iraqi youth see little hope 18 years after Saddam

Despite the country's oil wealth, the promise of a booming future has remained beyond grasp for most, especially those now coming of ...

The New Arab Staff & Agencies

Iraq parliament approves 2021 budget

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

The New Arab Staff & Agencies

Egypt's commerce reputation survives Suez blockage: analysts

Despite the blocking of the famed Suez Canal, the waterway remains a vital passage for ships and cargo.

The New Arab Staff & Agencies

Egypt's Sisi promises investment to avoid another Suez closure

Egyptian President Abdel Fattah Al-Sisi pledged investment to avoid any repetition of the Suez Canal's closure.

The New Arab Staff & Agencies

A look at the crises that closed Suez

The Ever Given crisis is not the first one the Suez canal had to endure, with days and sometimes years of canal's closure.

Suez Canal suspends traffic as grounded ship hits trouble

The New Arab Staff & Agencies

Suez Canal suspends traffic as grounded ship hits trouble

Japanese ship-leasing firm Shoei Kisen Kaisha said it owned the giant vessel and was facing "extreme difficulty" trying to refloat it.

Annelle Sheline

Saudi ceasefire proposal clearly designed to appease the US

Comment: If the Saudis and US are actually dedicated to ending the war, they should put aside ceasefire theatrics and start by lifting the ...

Saudi Aramco reports 30% drop in payments to state

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 ...

Saudi Aramco 2020 profits slump on lower crude prices

The New Arab Staff & Agencies

Saudi Aramco 2020 profits slump on lower crude prices

Saudi oil company Aramco lost 44.4% of net profit in 2020 because of lower prices due to the coronavirus pandemic.

Iran's Khamenei,Rouhani promise better times as New Year starts

The New Arab Staff & Agencies

Iran's Khamenei,Rouhani promise better times as New Year starts

Sanctions have left Iran's economy grappling with rising inflation and a sharply devalued currency, a decline aggravated by the Covid-19 crisis.

Algerian president sets election date as protesters flood streets

The New Arab Staff & Agencies

Algerian president sets election date as protesters flood streets

Elections previously scheduled for 2022 were brought forward after Algeria's President Abdelmadjid Tebboune dissolved parliament and called for ...

Jonathan Fenton-Harvey

Why the battle for Marib could determine Yemen's future

Analysis: The Houthis' fight to capture Marib risks humanitarian disaster. As the government's final northern stronghold, Yemen's fate could also rest on the battle's outcome.

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.

The New Arab Staff & Agencies

Algeria's president appeases protesters with pardons, calls early polls

Algeria's president pardoned jailed anti-government activists and announced early elections.

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 ...

Italy ex-PM says Saudi Arabia hub of 'new Renaissance'

The New Arab Staff

Italy ex-PM says Saudi Arabia hub of 'new Renaissance'

The former Italian PM's comparison of Saudi Arabia to Florence has raised some eyebrows.

The New Arab Staff & Agencies

Oman bars expats from certain jobs amid economic downturn

Expatriates in Oman will be banned from certain jobs in an effort to create more employment opportunities for its citizens.

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.

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.

Oman foresees $5.7 bn deficit in 2021 budget

The New Arab Staff & Agencies

Oman foresees $5.7 bn deficit in 2021 budget

The government expects revenues of 8.64 billion riyals based on an oil price of $45 dollars a barrel, 19 percent less than in ...

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