Oil Updates — Oil settled up; G7 contemplating methods of capping Russian oil value; US drillers add oil and fuel rigs for a file 23 months RIYADH: Oil costs settled up by greater than $3 a barrel on Friday, supported by tight provide, however they notched their second weekly decline on concern that rising rates of … Read more
China In-Focus — Philippines terminates joint power exploration talks with China; CATL to provide next-gen EV battery BEIJING: The Philippines’ outgoing international minister stated on Thursday that talks over joint power exploration between his nation and China within the South China Sea had been terminated, citing constitutional constraints and problems with sovereignty. The 2 international … Read more
‘We are going to grow to be one of many greatest movie markets,’ says Saudi producer Aymen Khoja CANNES: Saudi Arabia’s nascent movie trade has been making waves on the worldwide scene. Whereas Egypt continues to be the undisputed hub of regional cinema, the Kingdom’s aim is in the end to compete for the title—and … Read more
RIYADH: Saudi Arabia’s important inventory market superior on Tuesday, recovering some momentum after dropping to its lowest degree in six months earlier this week. The primary TASI index added 2.6 p.c to 11,659, propelled by features in a few of its largest gamers together with Saudi Aramco and Al Rajhi Financial institution, whereas the parallel … Read more
CAIRO: A “disappointing” fortnight of UN talks in Bonn has left a lot work to be finished simply 5 months earlier than a vital local weather summit, diplomats and analysts stated, after negotiations didn’t make concrete advances on efforts to deal with international warming. On the closing session on Thursday, creating nations expressed disappointment over … Read more