Maersk Tankers Singapore Pte Ltd and Scorpio LR2 Pool Ltd have filed separate claims in the Singapore High Court against Winson Oil Trading Pte Ltd for failing to fulfil its contractual obligations, court documents show.
LONDON: Oil rose toward $72 a barrel on Friday, trading close to a two-year high as OPEC+ supply discipline and recovering demand countered concerns about patchy COVID-19 vaccination rollout around the globe. The Organization of the Petroleum Exporting Countries (OPEC) and allies on Tuesday said they would stick to agreed supply restraints. A weekly supply report on Thursday
RIYADH: Dubai Roads Authority (RTA) has succeeded in converting 50 percent of its Dubai Taxi fleet to be fully electric or hybrid, and aims to reach 100 percent by 2027, Asharq reported citing the Authority’s CEO of Strategy and Corporate Governance Sector Nasser BuShehab Incentives adopted by the authority to support the spread of electric cars include exemption from parking
BEIRUT: Lebanon’s central bank on Friday said that depositors holding accounts active as of October 2019 would have access restored to $400 a month and its equivalent in Lebanese pounds. The details regulating the decision, which will take effect from July 1, will be issued later, the bank said in a statement. Riad Salameh, the governor of Lebanon’s central bank, said on
CAIRO: Egypt has sent a convoy of engineers and building equipment to Gaza after orders from President Abdel Fattah El-Sisi to begin reconstruction in the enclave after recent Israeli-Palestinian fighting, Egyptian state television reported on Friday. Footage aired on state television showed dozens of bulldozers, cranes and trucks waving Egyptian flags lined up along the