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economy

‘People keep coming’: Crisis-hit Turks queue for bread

Under a heavy winter sky, the grimly silent queue of people stretches around the corner from Bayram Duman’s kiosk, which offers discount bread for Istanbulites hurt by Turkey’s economic malaise. Turkey’s cultural and historic capital […]

economy

23rd WPC wraps up with net zero, energy transition goals

$11.8 trillion required in Oil & Gas industry by 2045 said OPEC chief Mohammad Barkindo Five days long 23rd World Petroleum Congress ended in Houston on 09 Dec. Energy leaders, energy experts, and researchers from […]

economy

Germany’s inflation rate at highest in almost 30 years

ANKARA: The annual inflation rate in Germany stood at 5.2% in November, its highest since June 1992, according to data released Friday by the Federal Statistical Office, Destatis. “The inflation rate increased for the sixth […]

economy

UAE seen as candidate to become EU’s hydrogen supplier

The United Arab Emirates (UAE) has the potential to become a future supplier of renewable hydrogen to Europe, the state-run Emirates News Agency (WMA) cited a top EU official as saying on Monday. According to […]

economy

Halliburton chief unites world energy leaders for energy transition, net zero

First time I am seeing the huge gap between supply and demand, we are not far from when a buyer will be searching for a barrel of oil, Halliburton Chief Jeff Miller Energy transition and […]

economy

Gas prices to fall after US taps reserves, but not overnight: Biden

WASHINGTON: US gas prices will fall for consumers, but it will take time, President Joe Biden said on Tuesday after he ordered the release of 50 million barrels of oil from the US strategic reserve […]

Canada

Canada’s Valeura to resume drilling in Turkey in 2022: CEO

Valeura plans to resume drilling in 2022 with a new partner in Turkey’s gas-rich Thrace Basin, Sean Guest, the CEO of Canadian energy company Valeura, the operator and main partner in the unconventional gas accumulation […]

Asia

Pakistan’s current account deficit shrinks massive 73% in July

KARACHI: Pakistan’s present record shortfall limited a huge 73% to $579 million in July, the main month of the current financial year, following the administration’s concurrence with the International Monetary Fund (IMF) on actualizing extreme […]

economy

Trade war: China to publish ‘non-reliable entity list’

China on Friday announced it would release its list of foreign “non-reliable entities”. According to the Chinese Ministry of Commerce, foreign entities that “conduct straggling efforts on Chinese companies” will be added to the list, […]

Asia

China is leading with 75% share in whole foreign loans

ISLAMABAD: pakistan, for the primary time, absolutely disclosed the debt taken from China that stood at $6.5 billion for this financial year alone, adequate common fraction of the $8.6 billion price of total loans that […]

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