Germany faces $5.4bn a year hit from Russian gas sanctions: Report
BERLIN: Russia’s sanctions against Gazprom Germania and its subsidiaries could cost German taxpayers and gas users an extra €5 billion ($5.4 billion) a…
Author: Benjamin Schrader
Oil Updates — Crude climbs after Saudi Arabia hiked prices; Eni, Repsol to ship Venezuela oil to Europe; Production resumed at Libya’s Sharara field
RIYADH: Oil futures jumped on Monday, with Brent rising above $120 a barrel after Saudi Arabia hiked prices for its crude sales in…
World tourism gradually recovers amid global uncertainty
Travel and tourism contributed 21.7% to global gross domestic product in 2021 DUBAI: Global tourism has been facing the brunt of natural and…
Australian PM in Indonesia for talks on investment, climate change
The Australian delegation includes high-level business leaders Albanese has expressed a desire to strengthen ties with ASEAN JAKARTA: Australian Prime Minister Anthony Albanese…
UAE Minister starts Japan visit
This year marks the 50th anniversary of the establishment of diplomatic relations between the UAE and Japan TOKYO: The United Arab Emirates’ Industry…
British Prime Minister Johnson to face confidence vote
Downing Street spokesperson: Confidence vote is a chance ‘to draw a line and move on’ LONDON: British Prime Minister Boris Johnson will face…
China says Canadian military jets increased reconnaissance, provocations
Canada’s military last week accused Chinese warplanes of harassing its patrol aircraft as they monitor North Korea sanction evasions BEIJING: China’s defense ministry…
Russia’s Lavrov cancels Serbia trip after countries close airspace
While Serbia has condemned Russia’s military action in Ukraine, it has not joined the European Union in imposing sanctions in Moscow MOSCOW: Russian…
Saudi Arabia believes ‘stability, peace, security’ are sources of progress, development: Saudi deputy FM
JEDDAH: Saudi Arabia’s Foreign Ministry, in cooperation with the Organization of Islamic Cooperation, hosted the Fourth OIC Conference on Mediation in Jeddah on…