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Turkey increases fuel tax as it bolsters stretched budget

Turkey raised tax on petrol on Sunday to help to fund a 1.12 trillion lira ($42.2 billion) increase to its 2023 budget after February's earthquakes and the May presidential election sent spending soaring.

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Saudi Arabia maintains support for Japan energy partnership

Saudi Arabia said on Sunday it remains committed to secure oil supplies for Japan and will continue cooperating with Tokyo on clean hydrogen, ammonia and recycled carbon fuels.

Cairo , Al-qahirah , Egypt , Saudi-arabia , Japan , Saudi , Fumio-kishida , David-goodman , Omar-abdel-razek , Thomson-reuters-trust-principles , Reuters , Middle-east

Most Gulf markets extend gains; Egypt flat

Most stock markets in the Gulf ended higher on Sunday, extending gains from the previous session when slowing U.S. inflation raised bets that the Federal Reserve will pause rate hikes after this month.

Riyad , Ar-riya- , Saudi-arabia , Egypt , Qatar , Bengaluru , Karnataka , India , Ateeq-shariff , Barbara-lewis , Authority-for-statistics , Thomson-reuters-trust-principles

Kuwait to set up new sovereign fund to develop mega projects and local economy

Kuwait plans to establish a new sovereign fund to develop its local economy, spearhead mega projects, and attract funds from foreign investors and the private sector, according to a government plan seen by Reuters on Sunday.

Kuwait , Saudi-arabia , David-holmes , Abu-dhabi , Ahmed-hagagy , Hadeel-al-sayegh , Kuwait-investment-office , Ciyada-development-fund , Mubadala-development-co , Generations-fund , Reuters , Thomson-reuters-trust-principles

Japan space agency rocket explodes during engine test -media

A rocket engine exploded during a test in Japan on Friday but there were no injuries, an official at Japan's Education, Science and Technology Ministry said.

Japan , Noshiro , Akita , Tokyo , Japanese , Tom-hogue , Shri-navaratnam , Satoshi-sugiyama , Thomson-reuters-trust-principles , Reuters , Thomson-reuters-trust , Aer

Factbox: Oil supply disruptions boost prices

A series of oil supply disruptions across the globe has helped push Brent crude prices above $81 a barrel for the first time since April.

Libya , Iraq , Baghdad , Turkey , Kazakhstan , Nigeria , Tengiz , Atyrau , Forcados , Delta , Mexico , China

Illegal migrants in Tunisia received $1 bln from African countries during six months – official

Undocumented sub-Saharan African migrants in Tunisia received three billion dinars (about $1 billion) in remittances from their countries during the first half of 2023, an official from the national security council said in a meeting late on Friday.

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Most Gulf markets gain as US inflation cools, Saudi index eases

Most major stock markets in the Gulf rose in early trade on Thursday after U.S. inflation and economic data boosted hopes that the Federal Reserve may have fewer interest rate hikes in store, although the Saudi index bucked the trend.

China , Saudi-arabia , United-arab-emirates , Dubai , Dubayy , Qatar , Bengaluru , Karnataka , India , Chinese , Qatari , Saudi

UK watchdog fines Bastion Capital $3.2 million over 'cum-ex' trading

Bastion Capital London, a now-defunct broker that traded over 70 billion pounds ($90 billion) worth of Danish and Belgian stocks for hedge fund Solo Group clients, has been fined for serious crime control failings in the latest London "cum-ex" crackdown.

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Exclusive: Canada unfreezes talks with Turkey on export controls after NATO move-source

Canada has unfrozen talks with Turkey on lifting export controls on drone parts after Ankara gave its nod for Sweden to join NATO, a person familiar with the talks said, a move seen as one of several concessions won in exchange for the Turkish blessing.

Helsinki , Eteläuomen-läi , Finland , Ottawa , Ontario , Canada , Ukraine , Russia , Ankara , Turkey , Armenia , Vilnius