RIYADH, Saudi Arabia (AA) – Saudi Arabia and Kuwait said Wednesday they have the right to develop the Durra offshore gas field which is also claimed by Iran. In a statement issued by the Saudi Foreign Ministry, Riyadh said it has reached an agreement with Kuwait “to expedite the development and exploitation of the Durra […]
BAGHDAD (AA) – Angry demonstrators shut an oil refinery in Dhi Qar province in southern Iraq on Wednesday, protesting against lack of jobs for local residents, according to witnesses. Dozens of university graduates gathered in front of the Al-Gharraf oilfield to demand employment, witnesses said. “They protested a month after they applied for ...
BEIRUT, Lebanon (AA) – Saudi Arabia on Wednesday vowed support to cash-strapped Lebanon amid a crippling economic crisis in the country. Saudi Ambassador Walid Bukhari met with Lebanese President Michel Aoun at the presidential palace in Beirut. Aoun was briefed by the Saudi envoy on the working mechanism of the Saudi-French joint fund “dedica...
TEHRAN, Iran (AA) – Iran is open to public sector investments from regional countries in nuclear energy, a senior official told Anadolu Agency. Pejman Shirmardi, Deputy Director of the Atomic Energy Organization of Iran (AEOI), said Tehran welcomes public sector companies from countries in the region to enter the field. “Iran’s cap...
ISTANBUL – Clean energy spending accounts for only 4% or $710 billion of the total $18.2 trillion mobilized to rebuild economies after Covid crisis, according to the latest update of the International Energy Agency’s (IEA) Sustainable Recovery Tracker. Although green spending globally has shown an increase of 50% over the past five...
On Wednesday, members of the U.S. Senate Agriculture Committee met in Washington to discuss the war in Ukraine’s impact on global food security. Russia’s war with Ukraine has disrupted grain supplies from a region known as “the breadbasket of the world.” Russia and Ukraine produce nearly a third of the world’s wheat, according to the […...
KIGALI, Rwanda – The transition government in Mali has accused the West African Economic and Monetary Union (UEMOA) of ignoring a court order to lift sanctions. UEMOA instructed all financial institutions under its umbrella to suspend Mali in January after the junta delayed elections. The measures were announced in conjunction with sanct...
TRENTON, Canada – The 2022 federal Canadian budget bans foreigners from buying residences for two years and allocates CAN$8 billion ($6.3 billion) for increased military spending. Those were two of the highlights of the budget – which includes CAN$60 billion ($47.6 billion) in total new spending – delivered by Finance Ministe...
ABUJA, Nigeria – The Organization of the Petroleum Exporting Countries (OPEC) is not in favor of high crude oil prices, but it does not have any extra capacity to boost production, according to Nigeria’s state minister for petroleum resources. “It is not something that you can open a tap for at this point. You must […]
ISTANBUL – Afghanistan has finally received $32 million in humanitarian cash assistance. The 21st cash consignment of international humanitarian aid arrived in Kabul today and was transferred to the Afghanistan International Bank. Welcoming the assistance from the international community, the bank reiterated that the “provision of humanitarian...
