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Saudi Arabia announces a huge natural gas discovery
Today, Sunday, the Kingdom of Saudi Arabia announced the discovery of a number of natural gas fields on its territory.
According to the Saudi Press Agency, Energy Minister Abdulaziz bin Salman said that Aramco was able to discover a number…
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Egypt, S.Korea Sign MoU for Railways Cooperation
Noh Hyeong Ouk, South Korea’s Minister of Land, Infrastructure and Transport (MOLIT) paid a visit to Egypt on Feb 23-25.
During the visit, the South Korean Minister met with Kamel Al-Wazir, Minister of transportation of Egypt, and had…
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Ukrainian Central Bank Stops Dealings with Russia, Belarus
Ukraine’s central bank banned payments to entities in Russia and Belarus as well as any operations including currencies of both countries, the regulator said on Friday
This comes a day after Russia launched a full-scale operation in…
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Airlines tackle Russia risks as Ukraine fallout widens
The fallout to the global aviation industry from Russia’s invasion of Ukraine spread on Friday as two more European countries banned Russian carriers and the European Union said it would restrict exports of aircraft parts.
Virgin…
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Airbus is studying the impact of EU sanctions against Russia on the aviation industry
Airbus, the aircraft giant, said today, Friday, that it is analyzing the impact of the sanctions announced by the European Commission against Russia on the aviation industry.
At the same time, the company added that it was too early to…
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WPP launches $1.1bn buyback after ‘outstanding’ year
WPP, the world’s largest advertising group, announced an £800 million ($1.1 billion) share buyback for 2022 after it said an “outstanding” year had enabled it to meet recently upgraded forecasts for 2021 net sales.
The group said its…
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Gas prices in Europe soar after Germany’s decision to suspend the approval of “North…
Gas prices in Europe rose significantly, during Tuesday's trading, after Germany announced the suspension of ratification of the operation of the "North Stream-2" gas project.
Gas futures rose next March at the TTF Center in the…
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Qatar’s LNG production capacity to reach 126m tons a year by 2027, says Emir
Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani said on Tuesday that Qatar’s liquefied natural gas production capacity will rise to 126 million tons a year by 2027.
Speaking at a gas exporters summit hosted in Doha, Al-Thani renewed calls…
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HSBC boosts profitability goal on higher rates, profit doubling
HSBC brought forward its key profitability target by a year and more than doubled its annual profit as expected bad loans from the COVID-19 pandemic failed to materialize, and it pointed to rising interest rates lifting its income.
Like…
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Oil climbs as Russia-Ukraine crisis escalates
Oil prices jumped more than $2 on Tuesday on supply disruption worries as tensions between Russia and Ukraine escalated, after Moscow ordered troops into two breakaway regions in eastern Ukraine.
Moscow’s move drew international…
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