Friday, 28/7/2017 | 6:41 UTC+8
  • A worker walks at Nahr Bin Umar oil field, north of Basra, Iraq December 21, 2015. Image source: cnbc.com
    OPEC emergency meeting may hurt market

    Iran’s oil minister said on Friday any emergency meeting of the Organization of Petroleum Exporting Countries would hurt the crude oil market if it made no decision to shore up falling prices. Venezuela has been calling for an emergency meeting to discuss steps to prop up prices, which are at their lowest since 2003. But

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  • Unemployed men on the outskirts of Erbil, Iraq. Credit Alice Martins/Associated Press
    Oil price pressure, Iraq are going broke

    Iraqi and American officials leading the military campaign against the Islamic State now have to wrestle with a challenge that has the potential to change battlefield fortunes: the slumping price of oil. The semi-autonomous Kurdistan Regional Government in northern Iraq, an oil-producing region, has racked up $18 billion in debt, which has imperiled its ability

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  • ISLAMABAD, PAKISTAN - JANUARY 10: Saudi Arabia's Defense Minister Mohammad Bin Salman Al Saud (L) meets Pakistani Prime Minister Nawaz Sharif (R) at the Prime Ministry Office in Islamabad, Pakistan on January 10, 2016.  (Photo by Pakistan Prime Ministry Press Office/Anadolu Agency/Getty Images)
    Pakistan Is Caught in the Middle of the Conflict Between Iran and Saudi Arabia

    It has large Sunni and Shi‘ite populations and needs the cooperation of both Riyadh and Tehran. After severing ties with Iran — following the torching of the Saudi embassy in Tehran by protesters angered by the execution of a dissident Shi‘ite Saudi cleric — Saudi Arabia is courting Pakistan’s support in its widening dispute with

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  • Palestinian television station shut down by Israeli government

    LOS ANGELES — A Palestinian television station geared specifically toward Israeli Arabs has been shut down just a few weeks after its debut on order of the Israeli government. F48 – whose name stands for Falastine 1948, the Arabic word for Palestine, and the year of Israel’s founding, which Palestinians refer to as the nakba

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  • Saudi prince vows to give away entire fortune of US$32 billion

    BEIRUT (Lebanon) — A Saudi prince pledged yesterday (July 1) to give away his entire US$32 billion (S$43.3 billion) fortune to charitable causes in Saudi Arabia and elsewhere in the world. Prince Alwaleed bin Talal, said the funds would go to his charity, Alwaleed Philanthropies, for causes like disease eradication, intercultural understanding, women’s empowerment, disaster

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  • Death Toll From Karachi, Pakistan, Heat Wave Tops 800

    KARACHI, Pakistan — The temperature was still searingly high on Wednesday — 98 degrees Fahrenheit, or 37 degrees Celsius — but at least it was dropping. It had been as high as 113 degrees Fahrenheit, or 45 degrees Celsius. Health and rescue officials said the number of deaths, which surpassed 800 during the four days

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  • Pakistani youths cool off themselves at a river on the outskirts of Islamabad, Pakistan, Sunday, June 21, 2015. Photo: AP
    Heat wave kills more than 120 in Pakistan’s Karachi

    KARACHI — An intense heat wave killed more than 120 people over the weekend in Pakistan’s southern city of Karachi, officials said today (June 22), as the electricity grid crashed during the first days of the Muslim holy month of Ramadan. The outages hit large portions of Pakistan’s financial heart and home to 20 million

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  • Car bomb explodes in Yemen capital near mosque used by Houthis, two dead

    SANAA – A car bomb exploded in Yemen’s capital Sanaa on Saturday near the Qiba al-Mahdi mosque used by the Houthi militia, killing two people and wounding six others, witnesses and a security source told Reuters. On Wednesday the Sunni Muslim jihadist group Islamic State claimed responsibility for four car bombs that detonated near mosques

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