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Russia says oil freeze plan lost relevance

BUSINESS

Russia says oil freeze plan lost relevance

Russian Energy Minister Alexander Novak says a proposed plan for OPEC and non-OPEC producers to freeze their oil production to stabilize the prices has already lost its relevance.

Militant infighting kills 140 in N Syria

SYRIA

Militant infighting kills 140 in N Syria

Infighting between the Daesh terrorist group and rival militants for control of two towns in the northern Syrian province of Aleppo kills nearly 140 people.

SAIPA, SK Networks seal $1bn deal

ECONOMY

SAIPA, SK Networks seal $1bn deal

Iran’s second largest auto manufacturer SAIPA has signed an agreement worth $1 billion with South Korea’s SK Networks over providing funds for buying spare parts and production materials.