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War in Ukraine - Military
5/16/2022 3:00:25 PM
Europe pushed Monday to sharpen and expand its response to Russia's invasion of Ukraine, with Sweden poised to follow Finland in seeking membership of NATO and European Union officials working to rescue proposed sanctions that would target Russian oil exports helping the Kremlin finance its war.

War in Ukraine - Economy
5/16/2022 11:41:00 AM
The European Union's efforts to impose a new round of sanctions against Russia over the war in Ukraine appeared to be bogged down on Monday, as a small group of countries opposed a ban on imports of Russian oil.

War in Ukraine - Economy
5/13/2022 2:26:04 PM
Ukraine warned Friday that any omission of an embargo on Russian oil in the EU's next sanctions package would spell the end of the bloc's unity, calling it a "critical moment".

World - Region
5/11/2022 2:32:32 PM
The United Nations is seeking $144 million on Wednesday needed to fund the salvage operation of a decaying tanker full of oil moored off the coast of Yemen, a ship whose demise could cause an environmental disaster.

War in Ukraine - Economy
5/10/2022 2:16:30 PM
Russian Foreign Minister Sergei Lavrov visited gas-producing ally Algeria for talks Tuesday as a European drive to secure alternative supplies gathers pace.

War in Ukraine - Diplomacy
5/9/2022 6:36:30 PM
European Commission President Ursula von der Leyen is traveling to Hungary in a bid to secure unanimity on the EU's executive arm's proposal to ban oil imports from Russia.

World - Region
5/9/2022 4:57:45 PM
The World Bank approved a $150 million soft loan for food security in crisis-hit Lebanon to stabilize bread prices during the coming months, the economy minister said Monday.

World - International
5/8/2022 8:43:01 PM
Leaders from the Group of Seven developed democracies pledged Sunday to phasing out or banning the import of Russian oil, as they met with Ukraine's president, Volodymyr Zelenskyy, to stress their support and to display unity among Western allies on Victory in Europe Day, which marks Nazi Germany's surrender in 1945.

War in Ukraine - Economy
5/8/2022 1:25:21 PM
European diplomats were locked in difficult negotiations on the terms of the EU's sixth round of sanctions against Russia on Sunday, with several members seeking guarantees for their oil supplies.

Business - Markets & Companies
5/8/2022 12:57:00 PM
Egypt’s Purchasing Managers’ Index (PMI) for the non-oil private sector rose slightly in April to 46.9, up from 46.5 in March, however, the sector is still suffering from the second quickest deterioration in its activity in two years, Standard and Poor’s (S&P) announced on Sunday.

World - Region
5/7/2022 8:07:08 PM
Unidentified aircraft struck oil-rich areas in eastern Syria held by government and Iran-aligned groups on Saturday, an opposition war monitor said.

Business - Energy
5/5/2022 3:38:54 PM
Saudi Arabia, Russia and other key oil producers agreed on Thursday to another marginal increase in output, bolstered by risks to demand amid coronavirus restrictions in China.

War in Ukraine - Economy
5/5/2022 12:25:40 PM
OPEC and allied oil-producing countries, including Russia, are weighing conflicting forces Thursday as they decide how much crude should flow to volatile global markets. Europe's proposal to phase out Russian oil and other Western sanctions are choking back supply, while COVID-19 shutdowns in China are cutting demand.

Business - Economy
5/5/2022 10:33:13 AM
Markets rallied Thursday after the US Federal Reserve played down chances of a huge interest rate hike in the near future, while oil extended gains as the European Union moved to ban imports from Russia.

War in Ukraine - Military
5/4/2022 6:43:08 PM
Complaining that the West is ``stuffing Ukraine with weapons,'' Russia bombarded railroad stations and other supply-line targets across the country, as the European Union moved to further punish Moscow for the war Wednesday by proposing a ban on oil imports.

War in Ukraine - Economy
5/4/2022 9:59:00 AM
The European Union's top official on Wednesday called on the 27-nation bloc to ban oil imports from Russia in the sixth package of sanctions targeting Moscow for its war in Ukraine.

War in Ukraine - Economy
5/3/2022 4:11:00 PM
Slovakia and Hungary said Tuesday that they will not support sanctions against Russian energy that the European Union is preparing over the war in Ukraine, saying they are too reliant on those supplies and there are no immediate alternatives.

War in Ukraine - Diplomacy
5/2/2022 5:57:10 PM
European Union ministers met Monday to respond to Russia cutting gas supplies to Poland and Bulgaria -- and discuss plans for a possible oil embargo to punish Moscow for invading Ukraine.

World - Region
4/29/2022 2:58:06 PM
Pakistan's newly elected prime minister was visiting Saudi Arabia Friday on his first foreign trip since taking office, an attempt to boost economic relations with the wealthy, oil-rich kingdom as Pakistan struggles with huge debt, soaring inflation and a worsening energy crisis.

Business - Markets & Companies
4/28/2022 3:56:57 PM
Egypt’s non-oil exports grew by $1.5 billion - 20 percent - in the first quarter (1Q) of 2022 (January-March) to reach $9.1 billion, up from $7.6 billion in 1Q 2021 despite the global economic challenges., according to Minister of Trade and Industry Nevine Gamea.

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