Abu Dhabi – Mubasher: Fitch, in its report entitled “Middle East Banks Outlook 2024,” gave UAE banks a stable future outlook. The agency expected that favorable business and operating conditions for UAE banks would continue in 2024, and real GDP growth would accelerate moderately to 3.9 percent in 2024 (2023: 2.3%); According to the report. … Read more
Bloomberg agency rated Russia’s costs to circumvent the $11 billion oil ceiling introduced a year ago. Journalists studied data from Indian customs, where Russian oil arrives, and the total volume of its exports, almost half of which now falls on the so-called “shadow fleet.” A year ago, the G7 countries and the European Union introduced … Read more
Russian President Vladimir Putin arrives in Abu Dhabi. Capital of the United Arab Emirates (UAE) today before traveling to Riyadh. Saudi Arabia’s capital on the same day The trip to the Middle East is Putin’s first since Russia launched special military operations against Ukraine in February 2022. It is predicted that Energy will be a … Read more
Storms in the Black Sea have reduced oil exports from Russia to a three-month minimum, journalists from the news agency note. The four-week average of Russia’s seaborne oil exports fell to its lowest level in three months. In November, slightly more than 3.04 million barrels of oil per day were shipped from Russian ports. This … Read more
Written by: Marwa Al-Ghoul Tuesday, December 05, 2023 02:00 PM I witnessed Oil prices Today, it is stable following the voluntary production cuts of the OPEC+ alliance. Brent crude futures fell one cent to $78.02 per barrel, while US West Texas Intermediate crude futures rose five cents to $73.09 per barrel, according to the Omani … Read more
International oil prices fell for the second consecutive trading day on Friday (1st), closing the week lower. The results of the highly anticipated OPEC+ meeting failed to convince the market, and traders did not believe that oil-producing countries would fully implement further production cuts. energy commodity prices West Texas Intermediate crude oil futures for January … Read more
Tesla has announced the start of deliveries of the Cybertruck electric pickup truck, writes The Financial Times. The cost of the electric vehicle starts at $60,990 thousand, although in 2019, when the Cybertruck was first shown, it was assumed that the pickup would cost about $40 thousand. At a special event to mark the start … Read more
Billionaire Elon Musk used obscene language to advertisers during an interview at a New York Times conference. Large companies began to refuse advertising on social network X, which the businessman owns, after Musk published words of support under an anti-Semitic post. Musk admitted that with this post he “handed a loaded gun” to both his … Read more
International oil prices rose on Wednesday (29th) as investors focused on tomorrow’s OPEC+ meeting, which is expected to result in further supply cuts and ignored the sixth consecutive weekly increase in U.S. crude oil, gasoline and distillate inventories. Separately, traders also assessed the storm’s disruption to Black Sea crude oil shipments. However, negotiations between major … Read more
For the first time, a long-haul commercial aircraft flew, Tuesday, November 29, from London to New York using 100% sustainable aviation fuel, the main components of which are cooking oil and other plant products. Published in: 29/11/2023 – 18:08 1 minutes Treated esters and fatty acids extracted from used cooking oil make up 88 percent … Read more