Oil prices have spiked sharply following escalating tensions in the Middle East and remarks made by Donald Trump at a NATO summit on Wednesday. Brent crude and West Texas Intermediate (WTI) crude oil, the two major global oil benchmarks, both climbed more than 4% in trading. The rally reflects investor concerns about potential supply disruptions […]
Oil prices surge on Middle East tensions and Trump’s NATO comments Read More »
Authorities in Manhattan have ordered the mass evacuation of a 38-storey office building amid serious structural concerns, with the Israeli Consulate in New York among the buildings cleared as a precaution. The evacuation was triggered after engineers discovered that two support columns in the building had buckled, and several floors were found to have undergone
Israeli Consulate Evacuated as New York Skyscraper Faces Collapse Risk Read More »
A worker at a tyre repair shop in Nazareth has been arrested following a violent assault on a customer that was captured on video. According to the incident report, the altercation began when the customer simply asked to have a spare wheel returned to its original location. The footage shows the shop employee attacking the
Tyre shop worker arrested after violent assault caught on camera Read More »
Israeli budget airline Israir has temporarily suspended its service to Catania in Sicily following a significant eruption of Mount Etna. The airline announced on Monday that airspace restrictions and flight closures at Catania airport have been imposed for all incoming and outgoing flights due to volcanic activity from Europe’s most active volcano.The company said it
Israir suspends Sicily flights as Mount Etna eruption closes airspace Read More »
Iraq’s government has approved Basra Oil Company to sign preliminary agreements and confidentiality pacts with a consortium of international firms, including American companies Capital TI and Chevron alongside Qatar’s UCC, to evaluate strategic oil export pipeline projects. The move was announced in an official government statement on Sunday and represents a significant step in Iraq’s
Iraq explores major oil export pipeline projects with US and Qatar firms Read More »
India has announced the lifting of emergency restrictions on natural gas supplies that were imposed following disruptions to liquefied natural gas (LNG) imports. The government statement, released on Saturday, marks a reversal of measures introduced in response to supply chain challenges linked to the broader Middle Eastern crisis. The emergency curbs had been put in
India lifts emergency restrictions on natural gas supply Read More »
Israel and the United Arab Emirates have signed a declaration of intent on trade and economic cooperation, marking another step in their normalisation process. However, observers suggest the agreement contains more symbolic value than concrete commitments, with vague language and undefined timelines raising questions about its practical implementation.The declaration, signed during recent talks between the
Israel and UAE Sign Trade Deal With Little Substance Behind the Rhetoric Read More »
Business owners across northern Israel are attempting to rebuild their livelihoods after nearly three years without significant visitor numbers, though many fear any economic recovery could be short-lived. Amidst cautious optimism about a potential ceasefire, tourism and hospitality businesses say they urgently need to resume normal operations to survive. “We haven’t had guests here for
Northern Israel’s businesses struggle to recover as tourism remains grounded Read More »
Lime, the scooter-sharing company backed by ride-hailing giant Uber, has set the price for its initial public offering (IPO) at $25 per share in the United States, according to Bloomberg reporting on Wednesday. The pricing marks a significant milestone for the micromobility firm as it prepares to list on American stock markets. The company, which
Uber-backed Lime sets IPO price at $25 per share Read More »
A massive fire erupted on Tuesday at an oil pipeline within the Haldia refinery, a major industrial port city in eastern India, according to local media reports. The blaze broke out in the pipeline used to transport crude oil through the facility, with emergency services rushing to the scene to combat the flames. Several workers
Major fire breaks out at Indian oil refinery, multiple workers injured Read More »
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