The Bank of Israel’s monetary committee has reduced the country’s interest rate by 0.25 percentage points to 3.5%, marking the second consecutive cut and the third reduction since the start of the year. The decision signals a clear shift in the central bank’s monetary policy direction, aimed at supporting continued economic recovery in Israel. The […]
Bank of Israel cuts interest rates for second consecutive month Read More »
Israel’s government has approved a new initiative worth approximately 30 million shekels (around £7 million) designed to accelerate hotel construction in the West Bank. The scheme aims to remove planning and regulatory obstacles that have previously hindered tourism development in the region, whilst offering financial incentives to developers willing to build hospitality facilities. Tourism Minister
Israeli Government Approves £7m Hotel Development Scheme for West Bank Read More »
A new study by two Israeli governance watchdogs has calculated the hidden cost of crime affecting every household in the country, revealing that citizens are effectively paying a 23 billion shekel (£5.2bn) annual ‘crime tax’ through inflated prices and insurance costs. The research, published by organisations focused on improving accountability in Israel, shows how criminal
Crime wave costs every Israeli family £1,800 a year, study warns Read More »
Venezuela’s main oil refinery has resumed operations following a power cut, according to three sources within the facility. The Amuay refinery, one of the country’s most critical industrial installations, came back online on Friday after the blackout forced it to shut down. According to the sources, the refinery is now processing approximately 140,000 barrels of
Venezuela’s largest oil refinery restarts after power outage Read More »
A senior Iranian official has issued a stark warning about global oil supplies, claiming that attempts to prevent Iran from selling petroleum would harm everyone. Mohammad Baqer Qalibaf made the comments on Tuesday, stating that international sanctions on Iranian oil have been lifted and that Tehran is now selling crude at higher prices. The remarks
Iran’s top official warns of oil crisis: ‘If we can’t sell, nobody will benefit’ Read More »
US President Donald Trump has announced he has demanded that oil companies reduce petrol prices immediately, threatening unspecified consequences if they refuse to comply. In a post on his Truth Social platform, Trump warned of ‘big problems’ facing energy firms that do not act on his request, indicating he believes current fuel prices are unsustainably
Trump demands immediate fuel price cuts, warning of ‘big problems’ for oil companies Read More »
US President Donald Trump has approved a temporary suspension of certain tariffs on phosphate fertiliser imports from Morocco, according to a White House statement released on Tuesday. The decision marks a shift in trade policy regarding agricultural inputs, a sector of significant importance to American farming and food production. Phosphate is a critical component in
Trump temporarily suspends tariffs on phosphate fertiliser imports from Morocco Read More »
The Economist has assessed that if the United States makes a permanent exemption from sanctions on Iranian oil, the country could become one of the wealthiest nations in the Persian Gulf within a decade. According to the magazine’s analysis, expanded oil exports, the unfreezing of assets, revenue from shipping tolls through the Strait of Hormuz,
Iran’s President Masoud Pezeshkian announced on Monday that the country has reached an agreement with Qatar to release $6 billion of Tehran’s frozen assets held abroad. The funds represent the first tranche of a larger $12 billion cache of Iranian money that has been frozen internationally, according to the Iranian leader. The agreement with Qatar
Iran secures $6bn of frozen assets from Qatar in major financial agreement Read More »
Amuay, Venezuela’s biggest oil refinery, has been forced to halt operations following a major power outage in the western part of the country, according to reports from workers at the facility. The shutdown highlights the South American nation’s ongoing struggle to maintain reliable electricity supplies to its industrial plants, refineries, businesses and residents. Venezuela has
Venezuela’s largest oil refinery shuts down after widespread blackout Read More »
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