Norway to set new limit for Arctic oil drilling

Norway may restrict oil firms' access to offshore resources in the Arctic by moving the so-called ice edge, a line that sets a legal limit on the extent to which companies can go north in search of oil.

Indonesia’s Coordinating Minister for Politics, Legal and Security Affairs Muhammad Mahfud MD said the country would continue cooperation with Turkey in all fields, especially in defense sector and humanitarian ...

Iranian saffron merchants are mulling establishing a world bloc of countries trading the red gold as they become irritated over Europe’s monopoly of standardizing and benchmarking the product.

The National Iranian Oil Company (NIOC) has offered up to $8.5 per barrel for crude oil in the local energy bourse as part of effort to bypass the US sanctions against the Islamic Republic.

Senior official in Iran’s oil Ministry says the capacity of processing natural gas in the country has risen to 328.5 billion cubic meters (bcm) annually.

Saudi Arabia shook the oil world by making a voluntary production cut although Russia was the winner in the latest OPEC deal that ensures both OPEC and ally countries comply with their production quotas.

Turkey has become the world's sixth most visited country with 46 million tourists in 2018, President Recep Tayyip Erdoğan said on Sunday, noting that Ankara is eyeing a target of 50 million tourists this year.

Extreme weather patterns, shrinking agriculture, sea erosion, and lingering dry spells have caused widespread migration within Pakistan in the past decade, according to officials and local experts.

Death toll from a building which collapsed in the Kenyan capital, Nairobi on Friday rose to five on Saturday as authorities intensify search and rescue efforts. James Wanyoike, Nairobi county assistant commissioner ...

More than 300 Chinese enterprises and companies in the Midwestern U.S. state of Michigan are facing a common challenge: the high import tariffs pushed up by the U.S.-initiated trade war with China, together with ...

The China-Russia east-route natural gas pipeline was put into operation on Monday.

Egypt hosted a second round of talks with Ethiopia and Sudan on Monday on a multi-billion dam being built by Addis Ababa on the Nile.

Top Iranian business expert says decrease in exports to the neighboring country Iraq is due to escalation of protests across the country.

Iran’s deputy Foreign Minister has expressed hope that the new European countries to join the financial mechanism, Instrument in Support of Trade Exchange (INSTEX) will invigorate the non-dollar trade mechanism....

Turkey’s national flag carrier Turkish Airlines served 63.1 million passengers in the January-October period this year, the company announced Tuesday.

Banks in the Lebanese capital Beirut and other areas will be closed on Tuesday due to a strike, the head of the banking union told Reuters.