TotalEnergies launches final phase of $27bln Iraq energy project
The project aims to boost Iraq’s oil, gas and power production, reduce imports from neighbouring Iran and lure back foreign investors. French oil major TotalEnergies
$488.6mln battery project to help Oman achieve green energy goals
The investment will be implemented in phases over four to six years. The first phase alone is valued over OMR73 million. With a project investment
Oman Investment Authority launches Energy Transition Fund
The presence of Templewater in Muscat will also support knowledge transfer, training opportunities, and capacity building for Omani talent in priority sectors. Oman Investment Authority
Soybeans fall on absent China demand; corn down on record crop
Corn fell on forecasts of a record large U.S. harvest, wheat firmed ahead of a U.S. interest rate decision. Chicago soybeans fell on Monday, as
Belt, Road Summit concludes with nine deals, $1bln deals
Organizers highlighted that Hong Kongآ’s external trade with Belt and Road countries reached $276bln in 2024. The 10th Belt and Road Summit in Hong Kong
Dollar regains some ground, still heading for weekly drop
Sterling traded at $1.3545, slipping 0.2% after data showed the British economy stagnated in July. The dollar inched higher on Friday after falling the day
Sri Lanka economy reports 4.9% growth in second quarter
Sri Lanka’s agriculture sector grew by 2% in the second quarter from a year earlier. Sri Lanka’s economy grew 4.9% year-on-year in the second quarter
Oil holds steady as investors assess attacks on Russian energy facilities
Oil also received some support from solid refinery demand in China last month and a decline in US crude inventories. Oil prices were little changed
The European Union is still caught in an AI copyright bind
Tweaks to EU copyright requirements in the AI Act Code of Practice will maintain the AI growth momentum, for now – but will also create
Economic impact of US tariff hikes: Significance of trade diversion effects
The 2025 US tariff increases varied significantly across most economies. This column argues that the economic impact of these tariffs will also not be uniform.
