Tag: Middle East
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Qatar Reopens Embassy in Syria: A New Chapter in Diplomatic Relations
In a significant diplomatic development, Qatar has officially reopened its embassy in Damascus, Syria, after a closure spanning nearly 13 years. The embassy resumed operations on December 21, 2024, with the Qatari flag ceremoniously raised over the building, symbolizing the restoration of formal diplomatic relations between the two nations. The reopening follows the recent ousting…
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European oil refining struggles amid development of African and Middle East refineries: reports
Refining in the G7 countries is in a depression, blamed on low demand, probably driven by the green agenda, and high competition from African and Middle Eastern refiners. European energy companies such as TotalEnergies, Neste and Repsol are losing profits from their refineries. Underlying profitability at EU refineries fell 37% in the second quarter compared…
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Middle East conflict escalation to increase global oil prices, Nigeria Budget Office warns
🇳🇬 The escalation of the ongoing conflict in the Middle East could spike global oil prices and that could result in slowing down economic growth, Ben Akabueze, the Director General of the Nigerian Budget Office of the Federation, told Sputnik. 💬”If the conflict escalates, it might have implications for global oil prices, oil markets, and to that extent,” Akabueze said.…
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The Alexandria Naval Shipyard and the Italian company Fincantieri have signed a memorandum
The Alexandria Naval Shipyard and the Italian company Fincantieri have signed a memorandum of understanding, where both parties will discuss cooperation and joint ventures regarding the construction of naval vessels. It is important to note that the Alexandria Shipyard has become one of the biggest constructors of naval vessels and ships in the Middle East…
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