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Taiwan pledges $32bn on clean energy; US allocates $3bn to make homes energy efficient
Countries have slowly started shifting focus away from the war between Russia and Ukraine as they consider their energy policies.
Taiwan and the US are investing significant sums to meet climate targets and to shield consumers from…
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France to help Egypt secure wheat supplies in coming months
France will ensure that Egypt gets the wheat it needs in the coming months as the war in Ukraine creates supply risks for grain importing countries, French Finance Minister Bruno Le Maire said on Monday.
Egypt, among the world’s biggest…
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UAE’s M Glory opens $408m EV manufacturing unit in Dubai Industrial City
Investment company M Glory Holding Group is entering the electronic vehicle market, having opened an EV manufacturing plant in Dubai Industrial City.
According to a report in The National newspaper, the plant is touted to be one of the…
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Bitcoin, Ethereum rise as Japan aids Russian sanctions
Bitcoin, the leading cryptocurrency internationally, traded higher on Monday, rising 5.78 percent to $47,201.35 as of 8:00 a.m. Riyadh time.
Ether, the second most traded cryptocurrency, was priced at $3,333.50up by 6.03 percent,…
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Asian shares slide, wheat, corn ease, gold prices drop
Asian shares slid on Monday as China imposed a lockdown in Shanghai, following a drastic rise in fresh Covid infections.
Chinese blue chips shed 0.8 percent. Japan’s Nikkei lost 0.4 percent but is still almost six percent firmer for the…
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Crude skids amid Shanghai shutdown, US exports surge
Oil prices slid on Monday as a coronavirus lockdown in Shanghai hit economic activity, while the yen extended its stomach-churning descent as the Bank of Japan stood in the way of higher yields.
China’s financial hub of 26 million people…
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We have not received any request from Russia to pay the value of gas imported from it in rubles
Bulgarian Energy Minister Alexander Nikolov announced that his country had not received any official notification from Moscow to pay the value of Russian gas imported to Bulgaria in rubles.
"Neither "Bulgargaz", "Bolgartrangaz", the…
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Bitcoin trades higher, India passes stiff digital asset laws
Bitcoin, the leading cryptocurrency internationally, traded higher on Saturday, rising .58 percent to $44,662.37 as of 8:30 a.m. Riyadh time.
Ether, the second most traded cryptocurrency, was priced at $3,144.65, up by 1.15 percent,…
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Europe’s diesel shortage threatens growth; Ghana pledges spending cuts to tackle deficit
Mexico and Norway’s central banks have chosen to hike rates, while their Israeli counterpart predicts it too could introduce a quicker rise than expected.
The Swiss central bank meanwhile is holding firm on lifting the world's lowest…
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A noticeable rise in the Russian MICEX index on the first trading day after a pause of about a month
The Moscow Stock Exchange MICEX index of ruble-denominated shares ended the day's trading with a rise of 4.37%, and the Moscow Stock Exchange resumed trading on Thursday after a hiatus of about a month.
According to the data of the Moscow…
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