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EU economy chief doubtful Russian diesel exports will affect prices
EU economy chief Valdis Dombrovskis told AFP on Tuesday that Russian diesel sales recently authorised by the United States were unlikely to move the price of the commodity, which has spiked since the start of the Iran war. US President Donald Trump announced on Friday that he had spoken to President Vladimir Putin and they had struck an agreement for Russia to release large amounts of diesel onto world markets, a bid to lower prices that have spiked since the US leader launched the war on Iran on February 28.
Business
Iran halts vehicle imports to prioritise medicine and essential supplies
Iran halts vehicle imports to prioritise medicine and essential supplies Tehran has paused vehicle imports for hotel operators and Iranian expatriates, directing foreign currency towards medicines and other necessities, government spokeswoman Fatemeh Mohajerani says. “Due to the country’s special circumstances, the allocation of foreign currency to all non-priority matters has been suspended by order of the president,” she said, according to Tasnim. The temporary restrictions extend to every…
Business
Sharjah Media City partners with Hungary’s Origo Studios to build expertise behind upcoming production hub
Sharjah Media City partners with Hungary’s Origo Studios to build expertise behind upcoming production hub