Business & Finance

Oil prices decline to their lowest level in more than a month

Baghdad, Oil prices closed lower at settlement at the end of trading, Monday, recording their lowest level in more than a month.

Brent crude futures fell 23 cents, or 0.3 %, to reach $82.40 per barrel at settlement, the lowest level since the elevent…

Libya, Russia sign cooperation agreement

Tripoli, Mohamed Al Raid, the Head of the Libyan General Union of Chambers of Commerce, signed with Vladimir Badalko, the Deputy Head of the Chamber of Commerce and Industry of Russia, a cooperation agreement in the economic sector.

The agreement, wh…

Digesting Biden exit, markets focus on earnings, data

Washington, World markets steadied on Tuesday as investors looked beyond Joe Biden’s exit from the U.S. presidential race, turning their focus to corporate earnings and economic data.

Biden’s exit from the race has cast some doubt on a Republican vic…

Minister Badawi Outlines Efforts to Boost Petroleum Production

Prime Minister Mostafa Madbouly has met with the Minister of Petroleum and Mineral Resources Karim Badawi to review several important topics related to the petroleum sector.

During the meeting, they discussed the status of imported natural gas shipme…

Al-Mashat reviews NIB’s role in boosting Egypt’s economy

Egypt’s Planning and Economic Development Minister Rania Al-Mashat has underlined the crucial role of the National Investment Bank (NIB) in driving Egypt’s economic growth and development.

Al-Mashat, who also chairs the NIB, met with the bank’s Vice …

Basra crude oil price rises with the rise of global oil

The prices of ‘heavy and medium’ Basra crude oil witnessed a slight increase, today, Monday, coinciding with the rise in international oil prices.

The price of Basra Heavy crude recorded an increase of 8 cents, reaching $79.54, and the price of Basra…

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