Menu
Close

Tag: prices

Macron warns of impending Israeli war on Lebanon

1 week ago
French President Emmanuel Macron has pledged that he “will not let Lebanon collapse and vanish,” as he warned against a new conflict with Israel. In an interview with Lebanon’s French-language daily L'Orient-Le Jour, Macron also stressed that justice must be fulfilled in the Beirut port blast case. “I will never surrender and I won’t let […]
Read story

BBC reveals disenchantment with democracy in Arab world

1 month ago
BBC News Arabic revealed on Wednesday the findings of a major survey conducted in the Middle East and North Africa region between 2021-2022.  Approximately 23,000 people were interviewed across Egypt, Iraq, Jordan, Lebanon, Libya, Mauritania, Morocco, Sudan, Tunisia and Palestinian on a wide range of topics, including democracy, women’s rights, the economy and race.  Conducted […]
Read story

President Aoun says parties exploiting exchange rate in dire times

4 months ago
Lebanese President Michel Aoun on Wednesday reiterated the accusation that some parties are “manipulating the dollar exchange rate,” which has been fluctuating in recent days. “Some are manipulating the financial issues and the dollar exchange rate, which is negatively reflecting on citizens, amid reports by local and international experts indicating the presence of sides seeking […]
Read story

Saudi oil minister insists global supply must say steady

5 months ago
Abdulaziz bin Salman said on Tuesday that if the security of oil supplies is threatened the world economy will suffer. The minister told an industry event that security of supplies is a priority now and some countries are forgetting about the affordability of energy. Source: National Post
Read story

Protestors storm public works ministry in Lebanon

8 months ago
A number of protesters stormed Friday the Ministry of Public Works and Transport in Hazmieh, asking to meet the minister. Minister of Public Works and Transport Ali Hamiyeh told the protesters, after listening to their demands, that he realizes the size of the gap between the government and people’s needs. “I will not keep the […]
Read story

Lebanese abroad send aid to homeland

11 months ago
Lebanese expats in the wealthy UAE, many of them riven with guilt, are scrambling to ship essential goods and medicine to family and friends in their crisis-stricken home country. “How can I sit in the comfort of my home in air-conditioning and a full fridge knowing that my people, my friends and family, are struggling […]
Read story

Protests in Basra result in one death, clash with security forces

2 years ago
Iraqi security forces killed at least one anti-government protester using live gunfire and wounded at least 40 others in the southern city of Basra on Friday, security sources and a rights official said. It was the first killing of a protester by security forces in Basra since Prime Minister Mustafa al-Kadhimi took office in May. […]
Read story

Iraq committed to OPEC quotas but wants burden sharing

2 years ago
Iraq affirmed its commitment to the OPEC+ oil production cut deal but asked the group to take into consideration the members’ economic situation in sharing the burden of future cuts, Iraqi Finance Minister Ali Allawi said on Sunday. “We are seeking to set new rules in future over sharing burden among state members by considering […]
Read story

Petrobras not convinced Russia, US and Saudi can control oil prices

2 years ago
Recent negotiations involving leaders from major oil-producing nations and the United States will prove irrelevant for oil prices, which are low because of depressed demand, the chief executive of Brazil’s Petrobras said on Thursday evening. During an online event hosted by Brazilian brokerage XP, Petrobras CEO Roberto Castello Branco said the dispute between non-OPEC member […]
Read story

Opec and its allies rule out output hike at Algiers meet

4 years ago
Opec and no-Opec members including Russia have decided there will be not be any additional increase in supply to offset falling Iranian oil exports in a rebuff to US president Donald Trump’s calls for increasing output to bring down oil prices. Ministers and officials from the Organisation of the Petroleum Exporting Countries (Opec) and its […]
Read story

Global oil output falls well below intended cuts

4 years ago
Opec and its allies are pumping half a million barrels a day below the target they set two months ago as output drops in countries from Iran to Venezuela. The group is currently over-complying by 29 per cent, meaning it’s pumping less than it pledged. While there won’t be any new production proposal at a […]
Read story

100 million barrels per day of global oil use likely

4 years ago
The world’s oil consumption will top 100 million barrels per day (bpd) in the next three months, putting upward pressure on prices. But emerging market crises and trade disputes could dent this demand, the International Energy Agency (IEA) said. Paris-based IEA maintained its forecast of strong growth in demand this year of 1.4 million bpd […]
Read story

Apple says proposed China tariffs will boost product prices

4 years ago
Apple Inc, the world's most valuable company, said proposed US tariffs on $200 billion (Dh734.6 billion) worth of products imported from China will raise prices for some of its popular consumer goods such as the Apple Watch and AirPods headphones. The Mac mini desktop computer, Apple Pencil stylus accessory for iPads, various chargers and adapters, […]
Read story

Brent rises to seven-week highs on signs of tighter supply

4 years ago
The oil price rose towards its highest since early July on Tuesday, thanks to evidence of still-modest increases in output from the Organisation of the Petroleum Exporting Countries (Opec) and improving Chinese refining demand. Brent crude oil futures were at $76.65 (Dh281.53) a barrel by 0913 GMT, up 44 cents from their last close and […]
Read story

Oil holds gains on signs of slowing growth in US production

4 years ago
Oil held gains near $66 (Dh242.22) a barrel on signs of slowing growth in US crude production. Futures in New York were steady after a 0.7 per cent rise on Friday. Working oil rigs in the US were unchanged at 869, according to data from Baker Hughes on Friday. While it’s the highest level in […]
Read story
1 2

Stay up-to-date

Latest news