Iraq’s dinar devaluation tests efforts to protect consumers from rising prices | The National
Weaker currency has prompted concern among residents warning of rising living costs, while others stand to benefit from earning in dollars
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US sanctions relief unlikely to ease tanker crisis, Kpler says
US sanctions relief unlikely to ease tanker crisis, Kpler says Washington’s reported plans to ease sanctions on shadow fleet tankers may do little to alleviate record freight rates, analytics firm Kpler said. In a post on X, Kpler says that of approximately 160 very large crude carriers (VLCC) sanctioned by the US Office of Foreign Assets Control (OFAC), only 24 could potentially return to mainstream trade after accounting for vessel age and ownership restrictions. "With war risk, rather than…
Business
Al-Jadaan: Saudi investments mitigated impact of energy shock on global economy
Saudi Minister of Finance Mohammed Al-Jadaan affirmed that investments by countries such as Saudi Arabia had helped mitigate the impact of the energy shock on the global economy.
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Syrian finance minister discusses development with Qatar, Norway
Syrian finance minister discusses development with Qatar, Norway