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Middle East

Aeroflot boss calls for ‘state protectionism’ to defend Russian aviation

BY Reuters  • December 28, 2022December 28, 2022
(Reuters) – The head of Russia’s state-controlled airline Aeroflot called on the Russian government to “balance the interests” of Russian and foreign airlines in order to suppo[...]
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Business Economy Europe Middle East Updated

Elon Musk says around 100 Starlinks now active in Iran

BY Reuters  • December 27, 2022December 27, 2022
(Reuters) – SpaceX Chief Executive Elon Musk said on Monday that the company is now close to having 100 active Starlinks, the firm’s satellite internet service, in Iran, three months after[...]
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Business Middle East Politics Technology Top News Updated US

Japanese firms sign multi-year agreements to buy LNG from Oman, U.S.

BY Reuters  • December 27, 2022December 27, 2022
By Yuka Obayashi TOKYO (Reuters) – Japanese companies have inked several deals to receive liquefied natural gas (LNG) supplies, with an up to 10 years basic agreement reached with Oman LNG and a[...]
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Asia Business Economy Middle East US

Tunisia union threatens to ‘occupy the streets,’ rejects 2023 budget

BY Reuters  • December 26, 2022December 26, 2022
By Tarek Amara TUNIS (Reuters) – Tunisia’s powerful UGTT union will hold mass protests and “occupy the streets” soon to show its rejection of next year’s austerity budget[...]
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Africa Business Economy Middle East Politics

Israel regulator awards licence to investors to set up new digital bank

BY Reuters  • December 25, 2022December 25, 2022
JERUSALEM (Reuters) – Israel’s banking regulator on Sunday approved a conditional licence and control permit to a group of entrepreneurs to establish a new online bank, the second addition[...]
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Business Economy Middle East Technology

Oil rises $3/bbl after Russia signals output cut due to price cap

BY Reuters  • December 23, 2022December 23, 2022
By Shariq Khan NEW YORK (Reuters) -Oil prices settled about $3 per barrel higher on Friday for a second straight week of gains after Moscow said it could cut crude output in response to the G7 price c[...]
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Business Economy Environment Europe Middle East UK Updated US

Equity funds record largest ever weekly outflows -BofA

BY Reuters  • December 23, 2022December 23, 2022
By Lucy Raitano LONDON (Reuters) – Investors shed stocks at the highest weekly rate ever in the week to Wednesday, selling a net $41.9 billion of equities, according to a report from BofA Global[...]
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Africa Asia Business Economy Europe Middle East US

Oil falls as rate hike fears outweigh tighter U.S. stockpiles

BY Reuters  • December 22, 2022December 22, 2022
By Laila Kearney NEW YORK (Reuters) -Oil fell by more than $1 a barrel on Thursday in choppy trade as the impact of tighter U.S. crude stocks due to a winter storm in the United States was outweighed[...]
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Business Economy Europe Middle East UK Updated US

Oil prices rise over $2 on drawdown in U.S. crude stocks

BY Reuters  • December 21, 2022December 21, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose by more than $2 a barrel on Wednesday after data showed a larger-than-expected draw in U.S. crude stockpiles, but gains were capped by a snowsto[...]
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Business Economy Europe Middle East UK Updated US
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