Economic

Iraq denied claims that the US had imposed conditions on its delegation, which recently visited Washington, regarding the dollar exchange issue. An Iraqi delegation, headed by Foreign Minister Fuad Hussein, had visited Washington and met...

The energy crisis sparked by Russia's war in Ukraine continues to loom large over European economies, businesses, and consumers. Europe’s high energy prices have fuelled an 8.5% annual inflation rate in the euro area. In Italy,...

Since Russia’s unprovoked and unjustified invasion of Ukraine in February 2022, the Council has adopted ten packages of sanctions against Russia and Belarus. The sanctions aim at weakening Russia’s ability to finance the war and...

The huge tankers are waiting. Off the coasts of Spain, Portugal, the UK and other European nations lie dozens of giant ships packed full of liquefied natural gas (LNG). Cooled to roughly -160C for transportation,...

يعتبر النفط أهم مصدر للطاقة في العالم وشريان الحياة للدول الصناعية منذ منتصف الخمسينيات من القرن العشرین لكونه الركيزة الأساسية والمكون الأساسي لتشغيل المصانع والمعامل في المجتمع المعاصر، ويتم استخدامه في وسائل نقل الأفراد والسلع...

America’s employers added a healthy number of jobs last month, yet slowed their hiring enough to potentially help the Federal Reserve in its fight to reduce raging inflation. The economy gained 315,000 jobs in August,...

Power outages, a lack of coal, and historically high costs for electricity, coal, and liquefied gas are all symptoms of the world energy crisis. Along with it, oil prices surpassed $80 per barrel. What factors...