Author: Steven Sahiounie

RIYADH: The production of Egyptian oil fields is poised to surge following a $66 million investment deal between Saudi drilling firm ADES and the subsidaries of the country’s petroleum corporation. 

RIYADH: Public entities in Saudi Arabia can now participate in the establishment of investment companies or profitable ventures following the approval of regulations by the Council of Ministers.

Ukrainian electricity imports have risen almost threefold, according to the Energy Ministry in Kiev, which also said the country has ceased almost all exports of electrical power following Russian strikes on infrastructure. 

Hungary no longer needs Ukrainian infrastructure for the supply of Russian natural gas thanks to the TurkStream pipeline, Foreign Minister Peter Szijjarto said on Monday.

Western restrictions on Russian diamond imports have destabilized the entire industry, as traders struggle to verify gems heading to the EU, the Sunday Times has reported, citing market players.

Trump Media & Technology Group, the parent company of Truth Social, former US President Donald Trump’s online platform, began trading on the NASDAQ stock market on Tuesday. Shares rose so quickly they triggered the fail-safe mechanism. 

Russia has started supplying oil directly to North Korea in defiance of UN sanctions, the Financial Times reported on Tuesday, citing satellite images as evidence.

Starlink satellite communication terminals, manufactured by Elon Musk’s SpaceX for exclusive use on his network, can be purchased illegally in countries where no agreement exists for their use – including nations that are subject to international sanctions, Bloomberg reported on Tuesday.

The price of cocoa beans surged to an all-time high on Tuesday, amid supply constraints in West Africa, which produces about 70% of the crop globally.

Attacks on companies that do business in Russia continue despite Kiev shutting down its list of ‘international war sponsors’