Oil sees fluctuating prices, shifting output trends
The crude oil market experienced significant volatility in the year 2023, with prices swinging dramatically, influenced by various global factors.Business Energy
Meta to launch ‘metaverse academy’ in France
The school's goal in its first year will be to train for free around 100 students in two roles, specialist...Seen as the internet's next great technological development, the metaverse refers to an immersive digital world that aims to recreate real life via augmented or virtual reality.
Located in the capital Paris and other cities including Lyon, Marseille and Nice, the metaverse academy will train 20 students per city each year.
UAE and Uzbekistan extend strategic partnership for three years
The UAE and Uzbekistan have pushed for a new phase of their strategic partnership for government modernization to promote the...Areas of cooperation in the strategic partnership agreement have been updated to include the financial sector, education sector, economy, government leadership, and food security
The expanded strategic partnership signed by the UAE and Uzbekistan covers 27 sectors, involving initiatives in government modernization to benefit from the UAE’s experience
Turkey looks to modern port to revive tourism
A state-of-the-art port in Istanbul with an underground terminal, a celebrity chef's restaurant and a shopping center, welcomes yet another...Hit hard by Covid, Turkey's tourism sector could get a shot in the arm from the revenue generated at Galataport, which opened in 2021
Around 30 cruise ships have so far anchored at Galataport and 200 more are expected by the end of the year, which amounts to 450,000 passengers
Iran and Venezuela sign 20-year cooperation deal
Iran and Venezuela signed a 20-year deal on cooperation between the two allies subject to US sanctions during a visit...Maduro said the cooperation covered the energy and financial sectors as well as "work together on defense projects"
Khamenei welcomed the agreement, and called for "stronger" cooperation between Tehran and Caracas, according to a statement on his official website
Tension spikes between Lebanon and Israel over gas field
Hundreds of people and several lawmakers protested Saturday in southern Lebanon against Israel moving a gas production vessel into an...Lebanon and Israel have no diplomatic relations and are separated by a UN-patrolled border
Lebanon's president and prime minister have condemned Israel for moving the vessel into the Karish field, and have invited US envoy Amos Hochstein to Beirut for mediation
Discoveries give Saudi geotourism an edge in region
Aside from fossil discoveries, one of the unique geological phenomena discovered in Saudi Arabia is basalt columns. These one-of-a-kind columns...On 1 June 2022, the Saudi Geological Survey and the Red Sea Development Company (TRSDC) announced the discovery of 80-million-year-old fossil sites along the Red Sea coast.
Saudi distinguished by its exceptional geological diversity that serve as tourism attractions, says Dr. Muhammad Yusuf Ali, professor of geology at King Saud University.
WTO negotiators finalize key texts on fishing, Covid vaccines
The WTO agreements on fisheries subsidies and a Covid vaccine patent waiver moved a step closer to completion Saturday after...World Trade Organization's first high-level meeting in five years where trade ministers and officials from 164 countries will meet
The global trade body said a draft text on a deal banning subsidies favoring overfishing had been handed over to the ministers
Jordan’s Economic Modernization Vision to simplify tax rules
Jordan's Economic Modernization Vision has proposed ways to simplify customs, taxes and shipping regulations for trade and retail businessThe vision focuses on the trade sector as a top national priority due to its contribution to the GDP
The vision is set to be implemented in three phases over the next 10 years
One billion ADNOC Rewards points redeemed in one month
The UAE’s first fuel retail loyalty program continues to grow membership base, evolves towards targeted segmentation.The UAE’s first fuel retail loyalty program continues to grow membership base, evolves towards targeted segmentation
ADNOC Rewards has delivered tailored offers to suit customer habits and needs; introducing a strong partnership program with 83 affiliates including Etihad Guest and Etisalat Smile
US President says ExxonMobil ‘made more money than God’
President Joe Biden on Friday slammed ExxonMobil for not producing more oil, as soaring gas prices deplete Americans' wallets and...ExxonMobil reported massive profits in the first three months of the year despite lower oil and natural gas volumes
Energy has soared 34.6 percent over the past year, and fuel oil costs more than doubled, jumping 106.7 percent
