Author: Steven Sahiounie

According to the Russian deputy prime minister, wholesale prices for oil products decreased significantly in practically all Russian regions MOSCOW, October 4. /TASS/. The Russian fuel market is stabilizing, with reserves increasing by 430,000 tons following the implementation of an export ban, and prices are falling, according to Russian Deputy Prime Minister Alexander Novak. “The main measure adopted was a ban on exports of motor gasoline and diesel fuel. This move had a positive impact on the domestic market, as our reserves increased by around 430,000 tons over this time period. Oil product prices stabilized and stock exchange prices declined…

The Russian government “has taken measures to support the economy, ensuring the consistency of the production process,” said Deputy Minister of Industry and Trade of Russia Alexey Gruzdev MANILA /the Philippines/, October 4. /TASS/. Russia has resources not only for satisfying domestic demands, but also for ensuring supplies of goods and technologies to its partners in various parts of the world, Deputy Minister of Industry and Trade Alexey Gruzdev said at the Russian-Philippine business forum that has taken place in Manila with more than companies participating. The Russian government “has assumed measures to support the economy that ensure the consistency…

They are associated with the introduction of protective duties for some exporters MOSCOW, October 4. /TASS/. Russian Ministries of Energy and Finance have prepared measures to stabilize the domestic fuel market, including the imposition of protective duties on some exporters. According to the Russian government, they were presented at a discussion on the domestic oil products market hosted by Russian Deputy Prime Minister Alexander Novak with oil companies and government officials. “Participants in the meeting supported the measures prepared by the Ministries of Energy and Finance to stabilize the domestic fuel market by imposing protective duties on certain categories of…

These investments had created 5,726 job opportunities in Jordan AMMAN — A total of 156 Arab companies have invested JD1.162 billion in industrial estates affiliated with the Jordan Industrial Estates Company (JIEC). These investments had created 5,726 job opportunities in Jordan, the Jordan News Agency, Petra, reported. JIEC data showed that Arab investment is spread across various sectors, including 69 companies in the food industry, 24 companies in the pharmaceuticals sector, 37 companies in engineering, 41 companies in plastic, 34 companies in chemicals, and 35 in the textile sector. There are also six companies in furniture, 29 companies in paper…

Abderrahman was speaking at the opening of the forum, which he co-chaired with his Tunisian counterpart in Algiers on Tuesday Algerian Prime Minister Ayman Ben Abdelrahman said he is looking forward to the Tunisian-Algerian Economic Forum for Business Leaders to produce results and outcomes that match the high and distinguished level of the political relations that unite the two countries and peoples. Abderrahman was speaking at the opening of the forum, which he co-chaired with his Tunisian counterpart in Algiers on Tuesday. He said that the holding of this important economic event on the sidelines of the 22nd session of…

The ministry has prepared a list of 152 investment opportunities to produce local supplies for the industrial sector, aiming to enhance the national industry and meet the industrial needs Egypt – The Minister of Trade and Industry Ahmed Samir met with the Greek Ambassador to Egypt Nikolaos Papageorgiou on Tuesday to discuss ways to boost the economic ties between the two countries and to explore the opportunities for increasing trade and investment. According to the minister, the trade exchange between Egypt and Greece reached €2.56bn in 2022, marking a 21% increase from €1.697bn in 2021. He said that the meeting…

During the meeting, the two sides reviewed the areas of cooperation between UAE and Armenia and ways to develop them in a way that serves the interests and aspirations of the two countries YEREVAN, Armenia – Abdulla Mohamed Almazrui, the Chairman of the the Federation of the UAE Chambers of Commerce and Industry (UAE Chambers) and Deputy Prime Minister Tigran Khachatryan of Armenia, have discussed ways to boost economic cooperation between the two countries. This came at the UAE-Armenian Business Forum here, during which, Almazrui, who is also the Chairman of Abu Dhabi Chamber of Commerce and Industry, said that the…

He encouraged national oil companies to focus on improving energy efficiency across their value chains Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, has affirmed the need for national oil companies to embrace sustainable practices by integrating renewable energy sources, such as solar and wind power, into their operations. He made this statement during a session held during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2023, where energy ministers, decision-makers, and experts explored how national oil companies’ business models are evolving to achieve lower carbon footprints, while operating successfully in a decarbonised economy. The meeting was…

Atlas created a “proof of concept” platform that sucks data from both publicly available “on-chain” crypto ledgers as well as harder to source “off-chain” data reported by only some exchanges and users LONDON – A global central bank test lab has designed a prototype bitcoin monitoring system aimed at giving authorities a clearer picture on how, when and where the cryptocurrency is used. The Bank for International Settlements (BIS) project, codenamed Atlas, began at the Dutch central bank more than five years ago, but its potential value has been underscored over the last 18 months by a series of chaotic…

The global copper market is expected to see a deficit of 27,000 metric tons this year The global copper market is expected to see a deficit of 27,000 metric tons this year and a surplus of 467,000 tons in 2024, the International Copper Study Group (ICSG) said on Wednesday. Source: Zawya