Pakistani navy, Belgian tanker rescue 9 from Indian vessel

ISLAMABAD (AP) — Nine Indian crew members whose vessel sank off the Pakistani port of Gwadar in the Arabian Sea have been rescued by a tanker and Pakistan's navy, a military statement said...

Metaverse, Web 3.0 Disruption and Blockchain Advancement To Be Discussed at MetaWeek in Dubai

August 11, 2022 – Dubai, United Arab Emirates The MetaWeek conference will take place on September 11-14, 2022. Thousands of Web 3.0 enthusiasts and thought leaders from all over the world will...

El Al CEO sees approval for Saudi-Oman corridor within days

By Steven Scheer JERUSALEM -Permission for El Al Israel Airlines to fly over Oman is expected in "a matter of days", chief executive Dina Ben-Tal said on Thursday, a move that would be a big...

Deliveroo eyeing Netherlands exit as losses and challenges grow

Another European market exit looks to be on the cards for UK-based on-demand food delivery startup, Deliveroo, which says it’s consulting on shutting down its service in the Netherlands. The...

Snap launches Snapchat+ in India for ~$0.62 per month, offering exclusive, experimental, and pre-release features;...

Snap Inc has extended the paid version of its service Snapchat+ to India, as the social media firm looks to better monetise its over 100 million user base in the country.The subscription, which...

Exclusive-Indian companies swapping dollar for Asian currencies to buy Russian coal

By Sudarshan Varadhan NEW DELHI - Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the U.S....

Biden heading to South Carolina for beach vacation

By Steve Holland WASHINGTON - Finally over his coronavirus infection, President Joe Biden departs on Wednesday to spend most of the next week on Kiawah Island, South Carolina, an oceanfront golf...

Where in the world are Russians going to avoid sanctions?

A yacht belonging to Russian businessman Vladimir Potanin is docked at the al-Rashid port in Dubai on June 27, 2022. | AFP/Getty Images Follow the money to the United Arab Emirates. The...

Dubai based retail giant Day To Day will accept Bitcoin

Day to Day, a well-known discount retailer, is the first establishment in the United Arab Emirates to begin taking bitcoin payments. Customers will now have the option to pay using fiat currency...

Nigeria becomes the most crypto-obsessed nation

CoinGecko research highlighted a significant rise in curiosity among Nigerians after the crypto market downturn in April. The research was based on Google Trends data of popular crypto search...

Factbox: Government measures to ease inflation pain

- Pandemic-related disruption to global supply chains and the knock-on effects of Russia's war in Ukraine are combining to push prices of energy, commodities and basic items higher. Below is a...

Cease-fire between Israel and Gaza militants holds overnight

GAZA CITY, Gaza Strip (AP) — A fragile cease-fire deal to end nearly three days of fighting between Israel and Palestinian militants in Gaza held throughout the night and into Monday morning — a...

The Growing Threat From North Korea

The Growing Threat From North Korea Authored by Judith Bergman via The Gatestone Institute, China's urging "flexibility" on North Korea appears to coincide with the Chinese Communist...

Disney+ Middle East align with censorship restrictions

Disney+ Middle East announced that the company will not release "Lightyear" or "Baymax" on its platform. The decision stems from the platform not releasing Pixar’s "Lightyear" in the region, due...

Lebanon-bound ship brings hope, not solution to food crisis

BEIRUT (AP) — A ship bringing corn to Lebanon’s northern port of Tripoli normally would not cause a stir. But it's getting attention because of where it came from: Ukraine’s Black Sea port of...

Oil prices extend losses on demand worries

By Florence Tan SINGAPORE - Oil prices extended losses on Friday, after hitting their lowest since before Russia's February invasion of Ukraine in the previous session, as the market fretted over...

Saudi Arabia and the United Arab Emirates vow to deliver a 'significant increase' in oil output if the world faces a...

"The only time we can prove we have more spare capacity is when it comes to a long-lasting crisis," sources familiar with the matter told Reuters.

OPEC+ answers Biden’s diplomacy with tiny oil-output hike

OPEC+ will add only 100,000 barrels a day of oil in September. The 23-nation alliance will divide that amount proportionally between members. The increase offers little respite for consumers...

Former PwC Crypto Executive Launches $75M Crypto Fund in Dubai

Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background...

Rosneft says Sakhalin-1 oil, gas project output has not resumed

MOSCOW - Russia accused U.S. energy major ExxonMobil (NYSE:XOM) on Thursday of unilaterally stopping oil production at a Pacific joint venture, raising the stakes in a standoff with the western...

Analysis-Beyond yachts and planes: U.S. turns to foreign agent laws to curb Russian influence

By Luc Cohen NEW YORK - In the five months since the U.S. Department of Justice launched a task force to seize Russian oligarchs' assets to pressure Moscow over its invasion of Ukraine,...

Russia Has Exported $1 Billion In Fossil Fuels Per Day Since The Ukraine War Despite Sanctions And Boycotts

Russia Has Exported $1 Billion In Fossil Fuels Per Day Since The Ukraine War Despite Sanctions And Boycotts By Alex Kimani of OilPrice.com Despite wide-ranging sanctions and import...

OPEC+ might have to raise oil output so market doesn't overheat, Kazakhstan says

By Maha El Dahan and Ahmad Ghaddar NUR-SULTAN/LONDON -OPEC+ might have to raise oil production to avoid market overheating, OPEC+ member Kazakhstan said on Wednesday, as the group of oil...

OPEC+ to decide oil output to world amid high inflation

The OPEC oil cartel and its allies are meeting Wednesday to decide how much crude to produce in September amid high oil prices and unstable energy supplies exacerbated by the war Russia has waged...

Russian services sector records fastest output growth in over a year -PMI

MOSCOW - Russia's services sector expanded in July at its fastest pace in more than a year, a business survey showed on Wednesday, as strong domestic demand outweighed slumping export orders for...

Egyptian non-oil sector continues contraction, at slower pace

CAIRO - Egypt's non-oil private sector activity shrank again in July, but at a slower pace than June's two-year low, as demand remains weakened by inflation and shortages continue to put pressure...

Saudi non-oil private sector growth slows in July but stays solid

DUBAI - Saudi Arabia's non-oil private sector kept up a steady pace of growth in July, albeit slowing slightly from June, helped by increases in customer numbers, purchasing and output, a...

NOCs, Not Big Oil, Are Responsible For Most Emissions

NOCs, Not Big Oil, Are Responsible For Most Emissions Authored by Haley Zaremba via OilPrice.com, Big Oil has caught a lot of flack for its slow decarbonization efforts, but much of...

U.S. approves massive arms sale to Saudi Arabia, United Arab Emirates to counter Iran

The Biden administration has approved two massive arms sales to Saudi Arabia and the United Arab Emirates to help them defend against Iran.

Explainer-With Yemen truce renewed, what are the prospects of peace?

BEIRUT - Yemen's warring parties have agreed to extend a U.N.-brokered truce for another two months in a conflict that has killed tens of thousands of people and spawned a major humanitarian...

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