Measures announced by the government aim to curb rising energy costs, which have increased from USD 560 million to USD 1.65 billion since the start of the Middle East conflict.
Author: ©Agence France-Presse
Attacks on oil and natural gas facilities have driven prices higher. UN shipping agency IMO calls for a safe navigation corridor in the Strait of Hormuz.
This week, representatives from some of the world’s largest central banks are meeting to analyze the consequences of the conflict in the Middle East. Rising energy costs are expected to trigger higher prices.
Conflict in the Middle East leads to the cancellation of sports tournaments and festive dates, including those related to Ramadan, the holy period of Islam.
Oil prices rose sharply on Monday (9) amid the conflict between the United States and Israel against Iran. Since the attacks began, the price of a barrel of WTI has increased by 70%, something never recorded over such a short period.
U.S. energy giant signed an agreement with the Iraqi government to manage and develop several oil fields.
A bicycle kick goal in Morocco’s win over the Comoros Islands crowned Ayoub El Kaabi as a standout in the African tournament, held in the Arab country
A high-speed train will carry passengers and cargo over 660 kilometers in just three hours, departing from Ain Sokhna on the Red Sea and arriving in Marsa Matrouh on the Mediterranean Sea.
An Egyptian dish made with pasta, rice, lentils, and fried onions, served with a spicy sauce, has been recognized as intangible cultural heritage by UN agency.
A version of Third Paradise by Italian artist Michelangelo Pistoletto is part of the Forever is Now festival, alongside works by artists such as Alexandre Farto and Jongkyu Park. Brazilian artist Ana Ferrari is also taking part.
Saudi oil company’s profit fell 2.3% in the third quarter of this year due to declining oil prices. Uncertain demand has been affecting the market.
The company Kuwait Oil Company announced the discovery of a major natural gas area, capable of producing more than 29 million cubic feet per day, according to initial estimates.
Omar M. Yaghi comes from a Palestinian family and was born in Jordan. Upon receiving one of the most prestigious science awards in the world, he emphasized the role of research in promoting equal opportunities.
The restored tomb of the pharaoh who ruled Ancient Egypt for about 40 years has been reopened to visitors in Luxor. The site was presented to the press over the weekend.
