Oil Extends Drop as Middle East Push, China Demand Worries Weigh
Oil extended the biggest drop in two weeks as the US said Israel accepted a cease-fire proposal in Gaza, potentially easing supply risks amid mounting…
Tag: MIDDLE EAST BUSINESS
Major Gulf markets gain as geopolitical concerns ease
April 23 Major stock markets in the Gulf rose in early trade on Tuesday, on course to recover some losses as fears of wider geopolitical…
Oil prices lower after Iran attack on Israel
Oil prices fell on Monday after after Iran’s reprisal attack on Israel over the weekend. Brent crude – a key benchmark for oil prices internationally…
In Iraq, water crisis leaves farmers clinging to sidr trees
Iraqi farmer Ismail Ibrahim plucks fruits from his planted “sidr”, or jujube, trees which require far less water during an irrigation crisis, in Basra, Iraq…
Bahrain’s Mumtalakat extends McLaren group stake
Bahrain’s state investment fund Mumtalakat said on Thursday it has bought the senior preference shareholder stakes in McLaren Group, as part of a proposed broader…
Morocco’s OCP plans $7 billion green ammonia plant to avert supply problems
RABAT – Morocco’s OCP plans to invest $7 billion in an ammonia plant using green hydrogen, produced from renewable fuel, it told Reuters, as one of…
Egypt in talks to replace detained Ukraine wheat cargo, sources say
Egypt has been negotiating to replace a detained Ukrainian wheat shipment, two people with knowledge of the matter said, after talks to release the vessel…
Dubai plans to cut carbon emissions 30% by 2030 – Govt media office
Dubai plans to cut carbon emissions by 30% by the end of 2030, the emirate’s government media office said on Sunday on its website. The…
UBS eyes Mideast expansion with new wealth desk in Dubai -memo
The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland, June 22, 2020. REUTERS/Arnd Wiegmann/File Photo DUBAI, Oct 21 (Reuters)…