BEIRUT: Lebanon and Israel are expected to resume US-mediated talks on a dispute about their Mediterranean Sea border next week, two Lebanese official sources said on Thursday. Negotiations between old foes Lebanon and Israel were launched in October to try to resolve the dispute, which has held up hydrocarbon exploration in the potentially gas-rich area, yet the talks have
Gazprom profits collapse in 2020
Apr 29, 2021 10:40:am
Summary
by: Joseph Murphy
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Gazprom profits collapse in 2020
Net profits at Russia s largest gas company Gazprom slumped to 162.4bn rubles ($2.2bn) in 2020, from 1.27 trillion rubles in the year before, as less gas was sold, and at lower prices, in Europe and other markets.
Publishing its financial results on April 29, Gazprom reported a 17% decline in sales revenues to 6.32 trillion rubles, resulting in a 45% decline in operating profit to 615bn rubles.
Revenues from gas sales to countries outside the former Soviet Union (FSU) were down 27% at 1.81 trillion rubles, as volumes fell to 219bn m
RIYADH: Car hire company Budget Saudi lifted first quarter profits but the increase was driven by sales rather than rentals. Net income rose 21 percent to SR55.2 million ($14.7 million), the company said in a stock exchange filing on Thursday. “The increase in the net profit is due to an increase in the net gain on the sale of the vehicles, as more vehicles were sold with
DUBAI: The Egyptian foreign minister and the United Nations’ special coordinator for the Middle East Peace Process discussed the latest updates in Palestine and Israel, monthly magazine Egypt Today reported on Wednesday.
Sameh Shoukry and Tor Wenneslad talked about ways to revive the peace talks between Israel and Palestine and the latest developments in East Jerusalem, the magazine quoted foreign ministry spokesman Ahmed Hafez.
Shoukry also mentioned the efforts of Egypt, Jordan, Germany, and France, to revive the peace negotiations, and Cairo’s concerns regarding the escalations in East Jerusalem.
He called for efforts to put an end to the violations of Jerusalem’s Islamic and Christian identity.
DUBAI: DP World, best known for operating ports around the world, has launched a wholesale e-commerce website that it hopes will become the global platform for businesses to buy and sell goods. The platform, Dubuy, aims to connect buyers and sellers around the world with goods offered for delivery via the supply chain of DP World and its logistics partners. Dubuy is already