Author: MD Editors

Oil prices rose, in trading today, Monday, by more than 1%, and this came after the “OPEC +” group, which includes Russia and Saudi Arabia, announced new production cuts. And by 09:08 Moscow time, US crude futures rose by 1.37% to $72.72 a barrel, while Brent crude futures rose by 1.22% to $77.06 a barrel, according to Bloomberg agency data. Yesterday, Sunday, the “OPEC +” group said that it had decided to reduce its crude oil production by 1.4 million barrels per day, during 2024, from October 2022 levels. According to the group’s statement, the level of total crude oil…

Russian presidential spokesman Dmitry Peskov said today, Monday, that his country considers cooperation within the “OPEC +” framework important to ensure stability in global energy markets. “Of course, cooperation in this format is characterized by the importance and importance of ensuring stability in international energy markets,” Peskov told reporters on Monday. Yesterday, Sunday, the “OPEC +” group said that it had decided to reduce its crude oil production by 1.4 million barrels per day, during 2024, from October 2022 levels. According to the group’s statement, the level of total crude oil production for the member states of the coalition will…

Hungarian Foreign Minister Peter Sjärto said that the transition to the stage of direct construction of two new power units within the framework of the “Pax-2” nuclear power plant project should take place soon. After meeting with Rosatom General Director Alexei Likhachyov, who arrived on a working visit to Budapest, the minister added: “Soon, other large-scale preparatory works will begin in Pakse, and this is very important for the safe operation of the nuclear power plant and is a prerequisite for establishing a guaranteed base for the nuclear power plant.” Nuclear energy. These works will be carried out next July.…

Inflation will wipe out the effect of a recent increase in the defense budget in real terms, the newspaper claims The share of US spending on defense may drop below 3% for the first time since the Cold War era, the Wall Street Journal reports, citing the latest debt ceiling agreement as a major reason for the decline. The deal reached by the White House and Republicans last week boosts defense spending to around $885 billion next year, an 11% increase on the $800 billion allocated in the current budget. In 2025, the country’s military spending is expected to see…

Ethereum, the second-largest cryptocurrency by market cap, has recently experienced a moderate price jump of 5% within the past week. However, this price movement is coinciding with a significant amount of profit-taking transactions among traders. While some might view this as a bearish signal, it could actually indicate that Ethereum is gearing up for a push toward the $2,000 mark. Typically, for a sustained uptrend in any asset, we expect a considerable number of traders to be “hodling” or holding their positions. This action reflects confidence in the asset’s potential for further growth. At the moment, Ethereum’s ratio of profit-taking…

Bitcoin has made a significant recovery from its recent low point of $26,600, now trading slightly above $27,000. This upward movement has sparked speculation regarding its next potential target. The cryptocurrency’s price has experienced an upward movement, prompting speculation about its future trajectory. With various factors at play, including market sentiment, technical indicators, and macroeconomic conditions, determining the next BTC target requires a comprehensive analysis. Let’s delve into the current market trends and examine potential scenarios for Bitcoin’s price movement. Bitcoin Price Prediction The current price of Bitcoin stands at $27,114, accompanied by a 24-hour trading volume of $8.3 billion. Over the…

Saudi Arabia and other OPEC members found themselves in a heated dispute over oil production quotas ahead of a crucial meeting on Sunday, according to an article published by The Wall Street Journal. The quarrel among the group’s constituents points to the rising tensions within OPEC, which stem from concerns about the weakening global energy demand. As the largest oil producer in the organization, Saudi Arabia insisted that smaller African producers reduce their production quotas while simultaneously engaging in discussions with the United Arab Emirates (UAE), another influential member of the group, to negotiate an increase in their production, sources…

Saudi Minister of Industry and Mineral Resources Bandar Al-Khorayef announced, on Sunday, that the Kingdom of Saudi Arabia is very interested in the Egyptian market as a target market for exports. Al-Khorayef said in a televised statement during his visit to Egypt, “According to the Kingdom’s Vision 2030 and its interest in the industrial and mining sector, there are many opportunities in which we see the need for joint work between us and the Egyptian side, to accelerate the pace of many projects that are taking place in this sector.” The Saudi minister is scheduled to meet with a number…

By: Ahmed Abdu-Almalik Al-ansi | Yemeni journalist and translator. Latest news about Sana’a, the Deputy Foreign Minister, Hussein Al-Izzi, announced that we have Surprises that will blow the world away, after many of  dissident major-generals have come back to declare their loyalties to Sana’a government. On June 1, 2023, the National Center for Returnees in Sana’a welcomed many returnees returning to their homeland forces, including Major General Abdulhamid Al-Nahari, the so-called Director of General Ali Mohsen al-Ahmar’s office in Hodeidah and Commander of the Khokha and Islands Sector. Also, Colonel Bakeel Ahmed Al-Habbari, who is the deputy commander of Dahm Airport…

Today, Sunday, the Central Bank of Egypt offered treasury bills worth 40 billion pounds on behalf of the Ministry of Finance to bridge the deficit between revenues and expenditures. The treasury bills offered today came in two tranches, the first amounting to 23 billion pounds for a period of 91 days, and the second for a period of 273 days for a term and a value of 17 billion pounds, according to bank data. The Central Bank raised, during the last tender last Thursday, the average weighted return rates to 23.94% for the 6-month bills, and about 23.88% for the…