Middle East
Explainer: Why are OPEC+ supply cuts failing to boost oil prices?
EXPLAINER ·July 4, 2023 · 2:46 PM UTC OPEC+, a group comprising the Organization of the Petroleum Exporting Countries and allies including Russia that pumps around 40% of the world's crude, has been cutting oil output since November in the face of flagging prices.
- Middle EastEight hurt in Palestinian car-ramming, stabbing in Tel Aviv
A Palestinian rammed a pickup truck into pedestrians in Tel Aviv and then went on a stabbing rampage, wounding eight people on Tuesday in an attack claimed by the Hamas militant group.
- BusinessIsrael to build subsea electric cable with possible Europe link
Israel on Tuesday unveiled plans to build an underwater electric cable that will run along its Mediterranean coast and offer the possibility to connect to electricity grids in Europe.
- WorldReuters appeals Turkish court order to remove news article
Reuters said on Monday it has appealed a Turkish court order to remove a news article on the agency's website that said U.S. and Swedish prosecutors are studying a graft complaint naming a son of President Tayyip Erdogan.
- MarketsDubai-based shisha company AIR invites banks to pitch for roles in IPO - sources
Dubai-based Advanced Inhalation Rituals (AIR), one of the world's biggest producers of shisha molasses, has invited banks to pitch for roles in its planned initial public offering (IPO) next year, two sources with knowledge of the matter told Reuters.
