Markets
US Credit Rating Downgraded by Fitch, Falls
Fitch’s downgrade report on America is the blended rating of the trio of credit rating agencies...
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India’s Rice Export Ban: Both Driver and Effect of the Global Food Crisis
Indians are now paying an extra 11.5% for rice than in 2022, according to the Ministry...
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Silicon Valley Facing An Investment Winter, While Stocks Climb
SVB collapse gave a major blow to similar banks in Silicon Valley, drying up funds for...
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Saudi Arabia’s Oil Production Cut To Be Effective from July
Except for Saudi Arabia, all OPEC producers have also agreed to continue decreasing the supply until...
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Saudi Arabia Further Limits US Oil Exports
Six years ago, in order to rework the market accounts for American buyers, Saudi Arabia started...
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Demand for Giant Heat Pumps Is On the Rise
Germany’s Alternative To Expensive Natural Gas “The demand for district heating is exploding,” says Raymond Decorvet,...
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United Arab Emirates Becomes Top Russian Gold Importer After Sanction Hit
As per the customs records, the United Arab Emirates, China, and Turkey accounted for 99.8% of...
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Gulf Oil Companies Push For Direct Air Capture Of Carbon With Startup Technology
At the recently held climate tech conference held in the capital city of UAE and home...
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Saudi Aramco’s Q1 Profit Declined To $31 Billion
Saudi Aramco, the oil giant, announced its earnings for the first quarter on Tuesday. It recorded...
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Ooredoo Group Reports QR 5.6 Billion Revenue For Q1 2023
Ooredoo Qatar has also announced the completion phase of a future technology Fibre to the Room...
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