Business

Turkey resumes exporting electricity to Iraq

The Turkish Minister of Energy and Natural Resources, Alp Arslan Bayraktar, announced that his country will resume exporting electricity to Iraq, starting yesterday.

Bayraktar said in a post on the X platform today: ‘As of yesterday, we have resumed …

Basra crude oil price rises with the rise of global oil

The prices of ‘heavy and medium’ Basra crude oil witnessed a slight increase, today, Monday, coinciding with the rise in international oil prices.

The price of Basra Heavy crude recorded an increase of 8 cents, reaching $79.54, and the price of Basra…

Egypt’s external debts shrink by USD 14 bln — central bank

The Egyptian central bank announced on Monday that the nation’s external debts dropped to USD 153.86 billion falling by USD 14.17 billion since five months ago (8.43 percent).

The central bank said in a statement carried by the official Middle East N…

China cuts benchmark interest rates

China’s central bank cut its two key interest rates on Monday, lowering the one-year loan prime rate, a peg for corporate loans, from 3.45 percent to 3.35 percent, this marks the rate’s first cut since August 2023.

In a statement, the People’s Bank o…