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Oil prices climb for second day after US stockpiles fall
Oil prices on Wednesday extended the previous day’s small gains after an industry report showed US crude stockpiles fell last week, overriding trader and investor concerns about transportation curbs in some countries as COVID-19 cases…
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UK, Singapore launch talks on digital trade agreement
Britain and Singapore will on Monday start negotiations on a new digital trade agreement that could remove barriers, part of London's push to become what it calls a "global tech powerhouse" post-Brexit.
Since completing its exit from the…
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Bids soar to $2.8 million for World Wide Web code NFT
Bids for a non-fungible token of the original source code for the World Wide Web written by inventor Tim Berners-Lee have soared to $2.8 million from an opening price of $1,000 with two days to go until the Sotheby’s auction ends.…
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US shale industry tempers output even as oil price jumps
Even with oil prices surging toward $75 a barrel, US shale producers are keeping their pledges to hold the line on spending and keep output flat, a departure from previous boom cycles.
This year’s run up in crude prices, and oil output…
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Aramco technology chief sees blue hydrogen market following LNG model
Blue hydrogen production is unlikely to start at scale until the decade and will likely follow the operating model of the LNG sector, according to a top Aramco executive.
Saudi Aramco Chief Technology Officer Ahmad Al-Khowaiter made the…
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UAE budget balance improves as economy recovers from pandemic
The UAE budget balance improved in the first half of the year as the economy began recovering from the COVID-19 pandemic, the state news agency WAM reported, citing a ministerial meeting attended by the central bank governor.
Sheikh…
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Lebanon government agrees to gradually lift fuel subsidies amid currency spiral
Lebanon’s caretaker Prime Minister Hassan Diab approved a proposal to finance fuel imports at a rate of 3,900 Lebanese pounds to the US dollar on Friday, instead of the previous 1,500 pound rate, amid worsening gasoline shortages.
The…
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First cruise ship to sail from America
The first cruise ship to board passengers at a US port in 15 months is set to sail Saturday from the industry’s South Florida hub in a symbolic stride toward normalcy that will be watched closely by health experts as vaccines curb the…
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Lebanon caretaker PM approves financing fuel imports at weaker exchange rate
Lebanon’s caretaker prime minister on Friday approved a proposal to finance fuel imports at the rate of 3,900 Lebanese pounds to the dollar, instead of the previous 1,500 pound rate, amidst worsening gasoline shortages.
The weaker…
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ABG leads first global diversity, inclusion census in GCC
In a move to assess the scale of the diversity challenge facing the marketing and advertising industry, the World Federation of Advertisers (WFA) has launched the first-ever global diversity, equity and inclusion census.
The census is a…
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