OPEC stands for the Organization of the Petroleum Exporting Countries. It is an international organization made up of major oil-producing countries. OPEC was created to coordinate petroleum policies among its members and help promote stability in the global oil market.…
Saudi Vision 2030 is a long-term national development plan designed to transform Saudi Arabia’s economy and society. Launched in 2016, the vision aims to build a more diversified economy, improve quality of life, develop new industries and create more opportunities…
Whenever fuel prices suddenly rise or fall, the name OPEC often appears in news headlines. While many people recognize the term, few understand what OPEC actually is or why its decisions receive so much global attention. The Organization of the…
The Strait of Hormuz is one of the world’s most strategic waterways. Located between Iran and Oman, this narrow sea passage connects the Persian Gulf to the Gulf of Oman and the Arabian Sea. Although it is only a few…
TEHRAN/WASHINGTON: Iran has denied that it is currently engaged in negotiations with the United States, responding to comments by US President Donald Trump, who said new talks were set to begin after Gulf leaders urged him to postpone planned military…
RIYADH – Saudi Crown Prince Mohammed bin Salman and US President Donald Trump held discussions focused on easing tensions in the Middle East and encouraging diplomatic efforts to prevent further escalation in the region. According to Saudi state media, the…