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Sudan ends subsidies for gasoline and diesel, raises prices

CAIRO: Sudan fully liberalized gasoline and diesel prices on Tuesday, according to a statement from the finance ministry that said previous prices would be canceled and gave new prices that it said were in line with import costs. Sudan has been implementing aggressive IMF-monitored reforms in the hopes of turning around its economy and attracting debt relief and renewed

Brent Oil to march forward to the 2018 high at $86 74 – Credit Suisse

Brent Crude Oil is breaking higher from a “triangle” continuation pattern. Strategists at Credit Suisse stay bullish with next resistance seen at the

Saving accounts in UAE national banks reach $2 7bn in 4 months

DUBAI: Saving accounts in UAE national banks attracted 9.77 billion dirhams ($2.7 billion) in the first four months of 2021, data from the country’s central bank showed. The new liquidity brings the cumulative balance of saving accounts in the UAE to 199 billion dirhams by the end of April. The bank projects the balance to further grow in the coming months, reflecting an

Two Arab films to premiere at International Critics Week in Cannes

Indian Miss Universe runner-up’s peace dream inspired by Kuwaiti childhood Adline Castelino tells Arab News about growing up in Arab environment with Pakistani friends, her belief in future for India, Pakistan built on mutual respect Updated 08 June 2021 June 08, 2021 00:16 NEW DELHI: Indian model Adline Castelino believes that coming third runner-up in the recent Miss Universe pageant in Florida will provide the springboard to follow her dream of becoming a peace envoy. The 22-year-old beauty queen recently told Arab News about her childhood years growing up in an Arab culture, the need for peace between rival nations such as Pakistan and India, and her plans to spend time with family and enjoy food when the coronavirus disease (COVID-19) pandemic subsides.

ReconAfrica s plan to drill for oil in the Okavango draws the ire of environmentalists

Geographical Magazine ReconAfrica s plan to drill for oil in the Okavango draws the ire of environmentalists Written by  Jacob Dykes 09 Jun 2021 One company’s plan to drill for oil in the Okavango Delta is raising the ire of environmentalists. As we find out, the promises of community uplift through oil extraction is not always a pathway to prosperity In 2015, Canadian-based oil and gas exploration company ReconAfrica acquired the rights to explore about 8.5 million acres of the Kavango Basin in northeastern Namibia – one of the world’s great wilderness areas. Safe to say, this hasn’t gone down well with environmental groups. So far, however, their voices have gone largely unheeded. In January 2021, the company began to drill the first of two exploratory test wells, which will eventually be used to establish the region’s potential for oil production. The company has dubbed Africa the final frontier for oil

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