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Kuwait’s oil minister expects stable oil market

Kuwait’s oil minister, Bakhit Al Rashidi, said on Wednesday that the global oil market was approaching stability based on the current oil production levels after the recent Opec and non-Opec agreement to boost output. “It is clear today based on the current level of production that we are approaching a …

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Thieves make motorboat getaway with Swedish crown jewels

Police used helicopters to chase thieves who stole priceless treasures from the Swedish royal regalia displayed in a cathedral over the weekend, including a jeweled crown, but the bandits escaped by motorboat and remain at large. Two people allegedly stole the two crowns and an orb used by the 17th …

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Syrian army gains full control of Yarmouk Basin from ISIS

AMMAN (Reuters) – The Syrian army and its allies have taken full control of the Yarmouk Basin in southwestern Syria after routing Islamic State (IS) militants, the Hezbollah group’s al-Manar TV said on Tuesday. The basin borders Israel and Jordan and had been the last embattled pocket of the southwest …

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Fuel prices in UAE for August 2018

The Ministry of Energy and Industry announced fuel prices for August and the price includes VAT. The per-litre prices are Super 98 at Dh2.57 (from Dh2.56 in July and Dh2.63 in June) and Special 95 at Dh2.46 (from Dh2.45 in July and Dh2.51 in June). Diesel price has been fixed at Dh2.63 per litre (from …

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Syrian government forces seal victory in southern territories

The Syrian regime has reclaimed a sliver of territory in southern Syria that was under the control of Islamic State, sealing its military victory in the strategic southern territories that rebelled in 2011 against Bashar al-Assadand fully reestablishing its hold over the frontier with the Israeli-occupied Golan Heights. The Syrian Observatory …

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Kurds reach deal with Damascus to end Syria conflict

An alliance of Kurdish and Arab militants in Syria says it has come to an agreement with the Syrian government to develop negotiations to end violence in Syria. The announcement was made after the so-called Syrian Democratic Council (SDC), the political wing of the Syrian Democratic Forces (SDF), sent a delegation …

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Pakistan’s opposition rejects election results, urges new poll

Pakistan’s opposition parties have rejected the general election results, calling for what they described as a transparent, and free and fair re-election. Cricket star Imran Khan’s Pakistan Tehreek-e-Insaf party (PTI) won 115 seats in Wednesday’s vote, but fell short of the 137 needed to secure an outright majority. The latest …

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Exxon misses on profit as output hits lowest level in decade

Investors battered the shares of America’s two biggest oil explorers after Exxon Mobil Corp and Chevron Corp posted disappointing earnings, failing to fully capitalize on rising oil prices. For Chevron, weaker-than-forecast financial results didn’t dissuade the company from resurrecting share buybacks to the tune of $3 billion (Dh11 billion) annually …

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Oil heads for a fourth weekly drop

Oil was poised for a fourth weekly decline as the unexpected halt in Saudi shipments through a Red Sea waterway failed to add a significant risk premium to prices, while concerns lingered over how the US-China trade spat will affect demand. US futures headed for a 1.4 per cent decline …

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Support for Palestine growing among Jews: Activis

Dozens of international Jewish organizations last week issued a joint declaration rejecting the assertion that criticism of Israeli state policy as “racist” — or any criticism of Israel for that matter — was tantamount to “anti-Semitism”. In its declaration, the International Jewish Voice (IJV) — a worldwide coalition of 39 …

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