Economy

Media: Iraq lacks electricity due to Iranian gas shortages

Media: Iraq lacks electricity due to Iranian gas shortages

Iraq is facing electricity shortage as Iran cuts natural gas supplies, Shafaq News reported today, citing a source in the Iraqi Electricity Ministry. "The decrease in the volume of Iranian gas supplies to Iraq over the past 24 …

Israel becomes global gaming superpower

Israel becomes global gaming superpower

The Israeli gaming industry is relatively young, but it has already managed to record global successes in the form of companies such as CrazyLabs, Plarium and Playtika

Beijing increases imports from Russia sharply

Beijing increases imports from Russia sharply

China has spent more than $6 billion on Russian energy products, increasing purchases by 75% compared to last year's level, Bloomberg reports. It is noted that the total volume of liquefied natural gas supplies in China has …

Gas supplies from Russia to Finland to be cut starting May 21

Gas supplies from Russia to Finland to be cut starting May 21

Finland's Gasum has informed that imports of natural gas from Russia will be cut on Saturday, May 21, at 7:00 am local time (coincides with Moscow time), according to a respective statement published on the Finnish state-owned gas …

Russia’s gas revenue may top $100 bln - report

Russia’s gas revenue may top $100 bln - report

Russia may receive a record $100 billion for gas supplies to Europe this year against the backdrop of surging prices for the blue fuel, claims a columnist for the French newspaper Les Echos, citing data from Citi analysts. …

Kyrgyzstan to host First Eurasian Economic Forum

Kyrgyzstan to host First Eurasian Economic Forum

The Kyrgyz capital city of Bishkek will host the First Eurasian Economic Forum on May 26, 2022, according to Kabar. The main theme of the Forum is "Eurasian Economic Integration in the Era of Global Changes. New opportunities …

UAE discovers three new oil reserves

UAE discovers three new oil reserves

Abu Dhabi National Oil Company (ADNOC) on Thursday announced three oil discoveries including one at Bu Hasa, Abu Dhabi’s biggest onshore field, with a crude oil production capacity of 650,000 barrels per day (bpd), the company said on …

Croatia on course to meet euro criteria

Croatia on course to meet euro criteria

High inflation should not stop Croatia from meeting the convergence criteria and joining the eurozone next January, the governor of the Croatian National Bank, Boris Vujčić, said , according to poslovni.hr. In …

Charles Michel urges to form geopolitical European community

Charles Michel urges to form geopolitical European community

European Council President Charles Michel has called for the creation of a European Geopolitical Community that will include the Eastern Partnership and the Western Balkans. Michel made this proposal on 18 May, speaking at the European …

Dollar drops below 60 rubles on Moscow Exchange

Dollar drops below 60 rubles on Moscow Exchange

The dollar fell below 61.4 rubles on the Moscow Exchange for the first time since January 2020. As of 10:04 Moscow time, the dollar fell by 0.53 rubles to 61.38 rubles. The euro fell by 0.15 ruble to 64.25 rubles. As of …

Gazprom Neft diverting exports to new markets

Gazprom Neft diverting exports to new markets

Gazprom Neft is diverting supplies of oil and oil products to Asia's emerging markets amid European Union and United States sanctions, Gazprom Neft CEO Alexander Dyukov said at the New Horizons marathon held by Russia's Znanie …

Western wind energy giants plan to shift operations to Turkey

Western wind energy giants plan to shift operations to Turkey

Turkey's wind energy industry is the most industrialized sector compared to other renewable energy sources, Turkish Wind Energy Association (TÜREB) Head İbrahim Erden said, noting that Western industry giants want to shift their …

Dollar falls below 62 rubles on Moscow Exchange

Dollar falls below 62 rubles on Moscow Exchange

The dollar fell below 62 rubles on the Moscow Exchange for the first time since January 2020. As of 11:48 Moscow time, the dollar fell by 2.31% to 61.98 rubles. By 12:01 Moscow time, the dollar accelerated its decline to 61.89 rubles …

Russia’s annual inflation grows to 17.8% in April

Russia’s annual inflation grows to 17.8% in April

Annual inflation in Russia in April increased by 1.14 percentage points to 17.8%, the monthly price growth adjusted for seasonality, amounted to 1.5%, the Bank of Russia reported. "Weekly price growth slowed down during the month …

Russia could legalise cryptocurrency - minister

Russia could legalise cryptocurrency - minister

Russia will sooner or later legalise cryptocurrencies as a means of payment, Industry and Trade Minister Denis Manturov said on Wednesday, suggesting that the government and central bank may be moving closer to settling their differences. …

U.S. unlikely to extend Russian debt payment licence

U.S. unlikely to extend Russian debt payment licence

The United States is unlikely to extend a soon-to-expire licence that allows Russia to pay U.S. bondholders, Treasury Secretary Janet Yellen said on Wednesday. Russia has so far managed to make its international bond payments even …