Amid the plunge in oil prices, Saudi Arabia expects to post a budget deficit of 367 billion riyals (€89.1bn) and Russia’s economy teeters on the brink of a deeper recession, while Iran wants to swiftly boost its oil exports, it emerged yesterday.
Tue, 29 Dec, 2015
Thu, 12 Nov, 2015
The arrest of a Russian telecoms and oil tycoon has sent shockwaves through the country’s business community, with some fearing a return to the dark days of a decade ago, when the Kremlin asserted its power by imprisoning the country’s then-richest man and expropriating his companies.
Wed, 17 Sep, 2014
Russia threatened Ukraine with "irreversible consequences" yesterday after a man was killed by a shell fired across the border from Ukraine, an incident Moscow described in warlike terms as aggression that must be met with a response.
Mon, 14 Jul, 2014
A suicide bomber struck a busy railway station in southern Russia yesterday, killing herself and at least 15 others and wounding scores more, officials said, in a stark reminder of the threat Russia is facing as it prepares to host February’s Olympics in Sochi.
Mon, 30 Dec, 2013
Russia said yesterday that former Palestinian leader Yasser Arafat died of natural causes, not radiation poisoning, but the Palestinian ambassador to Moscow said an investigation would continue, Russian news agencies reported.
Fri, 27 Dec, 2013