Gulf states in the organization are showing increasing interest in funding projects related to the environment, renewable energy and green technology. The OPEC Fund for International Development announced Friday that it raised $1 billion via a bond. The OPEC Fund offered the bond for sale on Wednesday, and this is …

European foreign ministers have added 37 names to the list of Iranian individuals and entities subject to sanctions, but did not call for designating the Islamic Revolutionary Guard Corps as terrorist group. European Foreign Ministers agreed Monday on a fourth round of sanctions against 37 Iranian nationals and entities over …

The Iraqi economy is suffering from the US dollar’s rise as a result of smuggling dollars outside of Iraq. As Prime Minister Muhammad Shia al-Sudani entered Basra Stadium on Thursday to attend the final game of the 25th Arabian Gulf Cup, hundreds of Iraqis chanted, “Bring the dollar price down.” …