Iran’s largest warship catches fire

Iran's largest navy ship the Kharg sank on Wednesday after catching fire in the Gulf of Oman, but the crew were safely rescued, Iranian media reported. No further explanation was given for the latest incident in a region of …

Oman's Sultan Qaboos dead at 79

Sultan Qaboos bin Said of Oman died Saturday, according to the country's Diwan of Royal Court. He was 79, Anodolu agency reports. A three-day national mourning period was declared. The National Security Council called for …

OPEC+ ready to extend production cuts

OPEC and its allies have reached a consensus on the need to extend oil output cuts after March 2020, Oman's Minister of Oil and Gas Mohammed bin Hamad Al Rumhi said. "I think that we should extend the …

IMF finds out what hinders Middle East economy

Political uncertainty and volatile oil prices are hindering economic growth in the Middle East this year, but trends should reverse next year, according to a new report released Monday by the International Monetary Fund, Charlotte Observer …