Global oil prices experienced a decline in trading on Thursday due to increasing concerns among investors about the demand for crude from China, the second largest economy in the world. This decline was triggered by the confirmation from Jerome Powell, the Chairman of the US Federal Reserve, regarding the possibility of raising interest rates again … Read more
China’s imports of Russian oil have reached an all-time high, according to data from the General Administration of Customs in China. In May 2023, China imported a total of 9.71 million metric tons of oil from Russia, representing a 15.3% increase compared to the previous year. This translates to an average of 2.29 million barrels … Read more
UAE Banks Grant 11 Billion Dirhams in New Personal Financing in Q1 2023 Abu Dhabi – In the first quarter of this year, UAE banks provided 11 billion dirhams in new personal financing to individuals. The total balance of individual borrowing reached over 487 billion dirhams by the end of March, accounting for more than … Read more
Mubasher: Oil prices fell sharply today, Monday, amid anticipation of the Federal Reserve meeting later this week. US oil futures fell by more than 4% to $67.39 a barrel. This comes at a time when Goldman Sachs has lowered its forecast for the price of oil again this year, with increasing supplies and fears of … Read more
(Picture/Apple) At the WWDC Developers Conference, Apple officially released iOS 17, the next-generation operating system for this year’s iPhone. This time, three old iPhone 8, 8 Plus and iPhone X models have been eliminated, and a total of 20 models can be upgraded. Subsequently, Apple also released the first beta version of the new iOS … Read more
Lack of natural gas, cold weather and uncertainty of future supply. According to experts, these are precisely the variables that could be behind further sharp increases in gas and electricity prices on the markets. As a result, this could be manifested by the arrival of another energy crisis, which cost households thousands to tens of … Read more
Abu Dhabi – Mubasher: The Emirates Central Bank’s possession of gold increased to 17.413 billion dirhams at the end of last March, from 15.910 billion dirhams By the end of February 2023, an increase of 1.503 billion dirhams. The Emirates Central Bank’s possession of gold increased by 38 percent at the end of last March, … Read more
As part of the study of the credits of the Energy component of the ministry of Pierre Fitzgibbon, we learned that the number of megawatts available is significantly lower than the projects that are filed and to come. (Photo: 123RF) INVITED EXPERT. Will I have access to enough electricity to carry out my business projects? … Read more
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How the tariff for light has grown This week, the Cabinet of Ministers raised electricity prices for the population. The cost of a kilowatt-hour is determined at the level 2.64 hryvnia. Before that, the following scheme worked: UAH 1.44 per kWh with consumption less than 250 kWh per month UAH 1.68 per kWh for consumption … Read more