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Prominent Arab world broadcaster MBC is ramping up film and TV production in Saudi Arabia, where a slew of high-end projects in the pipeline is set to join U.S. tentpoles like Anthony Mackie-starrer Desert Warrior, which is currently shooting. Zeinab Abu Alsamh, who is general manager of MBC Studios in Saudi, said she has roughly []

Last Updated on Friday, 10 December 2021, 9:44 by Denis Chabrol Vice President Bharrat Jagdeo on Thursday announced that a board would be part of a new system to manage Guyana’s oil revenues under a simplified Natural Resources Fund (NRF) Act, in an effort to strip the process of ministerial influence. In announcing that proposed …

Prices for the end consumers to remain unchanged

ABUJA President Muham­madu Buhari, the Minister of State for Petroleum, Timipre Sylva, and Aiteo Company on Wednesday received com­mendation for the stoppage of Nembe oil spill. Recall that Nembe oil spill has generated a lot of contro­versies in the past few days, to the extent that National Assembly has to wade in. However, the []

Aiteo Eastern E & P Company Limited, Wednesday, said, that the impaired Santa Barbara South Well 01 in its OML 29 production area has been successfully brought under control, the flow stopped and the Well secured today, 8 December 2021. The post Aiteo successfully stops leakage at Santa Barbara South oil well appeared first on Vanguard News .

KUALA LUMPUR, Dec 9 (Reuters) Malaysian palm oil futures rose on Thursday, clawing back some of the previous sessions losses, as easing Omicron fears helped broader markets and crude prices rebound while investors awaited key Malaysian Palm Oil Board data for further direction. The benchmark palm oil contract FCPOc3 for February delivery on the [] The post VEGOILS-Palm rises ahead of Malaysian Palm Oil Board data appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .

PESHAWAR: Prime Minister Imran Khan on Wednesday formally launched the Naya Pakistan Card initiative, bringing mega welfare programmes of the Pakistan Tehreek-i-Insaf (PTI) government covering health, education, food and agriculture sectors under one umbrella. With the launch of Naya Pakistan Card, which covers Ehsaas Ration Programme based on a food subsidy package for low-income families, Kisan Card, Sehat Card and scholarships for students, beneficiaries of various initiatives can avail all services on the same card. Addressing the ceremony held at the Governor House, Prime Minister Khan said that Kamyab Pakistan scheme was also in the pipeline under which two million eligible families would receive Rs400,000 interest-free loans for self-employment, free technical education to one member of each registered family, Rs2.7 million loan for house construction and free health insurance. He said the proposed Kamyab Pakistan programme to be launched in the KP province would be extended to other provinces later.

The company says it will clean up the environment later. The post Nembe month-old oil spill finally stopped Minister appeared first on Premium Times Nigeria .

President Muhammadu Buhari, the Minister of State for Petroleum, Timipre Sylva and the Aiteo company on Wednesday received commendations for the stoppage of the Nembe oil spill. Recall that the Nembe oil spill has generated a lot of controversies in the past few days, to the extent that National Assembly had to wade in. However, []

As a professor of geophysics, I have spent 36 years training young geologists destined to work in the fossil fuel industry how to look for oil and gas. But now I believe it''s time to stop fossil-fuel exploration and halt the development of all new oil and gas fields. We cannot safely set fire to all the fuel we''ve already found, so why look for more?

Next year could lay the foundation for "a far more vibrant economic environment" and COVID transitioning from a pandemic to an endemic disease, JP Morgan said in its Outlook 2022, titled ''Preparing for a vibrant cycle.'' According to the investment bank, household net worth is at all-time highs in many developed countries, and excess savings are elevated. Consumption will likely be strong for years amid strong labor market conditions and the capacity to take on more debt, JP Morgan''s strategists said in the report for 2022. "Although we see clear

The unfortunate introduction of the new COVID-19 variant called Omicron caused a hysterical reaction

LONDON: Arabica and robusta coffee futures on ICE hit fresh 10-year highs on Tuesday, underpinned by container shipping bottlenecks, falling stocks, lower output prospects and upbeat sentiment in the wider financial markets. Coffee March arabica coffee rose 0.8% to $2.5185 per lb at 1159 GMT, after rising earlier to $2.5235, the highest since 2011. March robusta coffee rose 0.8% to $2,333 a tonne, having earlier hit $2,334, also the highest since 2011. Arabica is being boosted by expectations that output from top producer Brazil will slide this season and the next following the drought and frost that hit the country''s arabica growing areas earlier this year. Stocks of the bean on the ICE exchange are currently near their lowest level in almost a year, with global container shipping backlogs and rising freight costs making the exchange the cheapest source of supply. "Through technical studies we can see some projections into (the) $2.75 area. I think that is very likely in the short term," said Cardiff Coffee trading in a note.

The United Arab Emirates is slashing its working week to four-and-a-half days and moving its weekend from Fridays and Saturdays to Saturdays and Sundays, in a move aimed at better aligning its economy with global markets. The oil-producing Gulf state, the region''s commercial, trade and tourism hub, currently has a Friday-Saturday weekend. As of Jan. 1, 2022, the new weekend would start on Friday afternoon. The UAE has in the past year taken measures to make its economy more attractive to foreign investment and talent at a time of growing economic rivalry with neighbouring Saudi Arabia. A government statement said the move would ensure smooth financial, trade and economic transactions with countries that follow a Saturday-Sunday weekend, facilitating stronger international business links and opportunities for thousands of UAE-based and multinational companies. Friday is a weekly holiday in many predominantly Muslim countries. The statement said that under the new work week for government entities, Friday working hours would end at 12 noon, ahead of Friday sermons and prayers.

Daily Market Comment Stocks rally, dollar slips as Omicron fears subside, China eases policy Wall Street bounces back as investors shrug off inflation and Omicron concerns US yields also rebound but dollar pressured by improved sentiment Aussie climbs on upbeat RBA, Oil rally lifts loonie, BoE uncertainty caps pounds gains Risk appetite returns as Omicron gloom recedes further Equity markets were in a buoyant mood on Tuesday following a strong rebound on Wall Street yesterday. US stocks staged an [..]