ANKARA (AA) – Annual consumer inflation in Nigeria rose to 17.71% in May, highest in 11 months, according to figures released by the National Bureau of Statistics on Wednesday. While the market expectation for the figure was 17.4%, annual consumer inflation stood at 16.82% in April. On a monthly basis, consumer inflation increased to 1.7...
OVIEDO, Spain (AA) – Spain’s Environment Minister Teresa Ribera has called Algeria’s state news agency’s comments about the Spanish foreign minister “unacceptable.” An opinion article published by Algeria Press Service on Tuesday blamed Spanish Foreign Minister Jose Manuel Albares for the “unprecedented crisis” between Madrid and Algiers. The ...
TRIPOLI, Libya (AA) – The Libyan Parliament has approved a budget for the government of Prime Minister Fathi Bashagha amid a political rift in the country. “The 89.6 billion Libyan dinars ($20 billion) budget was unanimously approved,” the parliament’s spokesman, Abdullah Blihaq, said in a statement. The government of Bashagha, a former interi...
TEHRAN, Iran (AA) – Iran has received $1.6 billion in arrears from the Iraqi government for imports of natural gas, Oil Minister Javad Owji has announced. In a Twitter post, Owji said the debt from previous years was received “a few hours ago” following “several months of negotiations” between the two sides, credi...
JERUSALEM (AA) – Egypt, Israel, and the EU on Wednesday signed a memorandum of understanding in Cairo to export Israeli gas to Europe. Israeli Energy Minister Karine Elharrar shared a video on her Twitter account of the signing of the trilateral deal. “Today, Egypt and Israel together made commitment to share our natural gas with [...
Beersheba, Israel – (AFP): The European Union wants to strengthen its energy cooperation with Israel in the wake of Russia’s use of gas supplies to “blackmail” its members over the Ukraine conflict, European Commission chief Ursula von der Leyen said Tuesday. Her remarks came as Italian Prime Minister Mario Draghi, also...
ANKARA (AA) – The United Arab Emirates (UAE) is expected to replace the UK as the top global attractor of foreign wealth as Russian and Ukrainian capital seek safe haven from war. Henley and Partners, a London-based investment migration consultancy recently issued a report according to which “a tsunami of private capital has left R...
TEHRAN, Iran (AA) – An Iranian oil tanker seized by Greece has been released, Iran’s Ports and Maritime Organization (PMO) said on Tuesday. “Despite the US attempt to confiscate the Iranian oil cargo on an Iranian-flagged tanker off the Greek coast, a Greek court has overturned an earlier court ruling and now the court has […]
KIGALI, Rwanda (AA) – West African leaders have demanded exemptions from a ban on wheat and fertilizer imports from Russia, whose supply chains were interrupted following its war on Ukraine. Speaking at the 8th edition of the Africa CEO Forum in Ivory Coast’s economic capital Abidjan, Senegal’s President and African Union chairman Macky ...
JERUSALEM (AA) – Israeli Energy Minister Karine Elharrar is on a visit to Egypt to hold talks with top Egyptian officials on the issue of exporting natural gas to Europe, Israeli media reported. The Israeli i24 news channel said Tuesday that Elharrar will meet with Egyptian President Abdel Fattah al-Sisi and other senior officials includ...
