NEW YORK: Oil prices jumped more than $1 a barrel on Thursday, closing out the month higher on the prospect of OPEC+ staying the course on production cuts, ongoing attacks on Russia’s energy infrastructure and a falling US rig count tightening crude supplies, according to Reuters. Brent crude futures for May settled at $87.48 a barrel, its highest level since.
RIYADH: Military industries are set to receive a boost with the Federation of Saudi Chambers announcing the formation of the first special national committee of its kind. This marks the first time that a committee focused on the defense sector has been formed under the umbrella of the private sector, represented by the Saudi body. Its purpose is to collaborate.
LAGOS KFC Nigeria has issued an apology after the country's airport authority shut one of its outlets over the alleged discrimination of a disabled client.Adebola Daniel, son of a former Nigerian.
CAIRO: Egypt has started paying off dues owed to foreign oil and gas companies operating in the country, the government said on Tuesday, with sources saying that up to $1.5 billion had been set aside for the payments. A cabinet statement said the payment process that had already begun accounted for about 20 percent of arrears owed to the companies,.
MOSCOW: Russian Foreign Ministry spokeswoman Maria Zakharova said on Wednesday that it was “extremely hard to believe” that Daesh would have had the capacity to launch an attack on a Moscow concert hall last Friday that killed at least 140 people. At a briefing with reporters, Zakharova instead doubled down on Moscow’s assertions, for which it has not yet provided.