Keywords: PRODUCTION
Egypt has announced plans to settle $1.3 billion in arrears owed to international oil companies by June, accelerating its previous repayment schedule. The move is aimed at restoring investor confidence and boosting domestic energy production. Egypt had accumulated around $6.1 billion in unpaid balances......
BHP Group said Brandon Craig will become chief executive on July 1, succeeding Mike Henry after more than six years in the role, signaling continuity in the mining company’s long term strategy. Craig currently serves as president of BHP Americas, where he has overseen growth initiatives across......
Bank Al-Maghrib projects a notable acceleration of Morocco’s economic growth, expecting it to reach 5.6% in 2026, up from an estimated 4.8% in 2025, before slowing to 3.5% in 2027. In its first quarterly meeting of the year, the central bank attributed this expected surge primarily to favorable......
Canadian production designer Tamara Deverell and set decorator Shane Vieau won the Academy Award for best production design for Frankenstein at the 98th Oscars, marking a major achievement for Canada’s film industry. The pair, both from Nova Scotia, capped a dominant awards season that included......
Apple is moving closer to launching its first foldable smartphone, with display panels for the device expected to enter mass production in May, according to a leak reported by 9to5Mac citing Chinese tipster Instant Digital. The device, widely referred to as the iPhone Fold, is expected to debut alongside......
Iraq is confronting a severe economic shock as the near collapse of its oil exports threatens the government’s ability to pay public sector salaries as early as next month. Officials warn that the country’s oil dependent economy is approaching a fiscal crisis after the disruption of its main......
Raw sugar futures climbed this week, trading above 14 cents per pound and rising roughly 7 percent over the past month as the escalating war involving Iran pushes oil prices higher and raises concerns about sugar production in Brazil. The rally follows a surge in crude prices after the conflict effectively......
OPEC has maintained its global oil demand projections even as supply disruptions linked to the war involving Iran shake energy markets. The organization confirmed that Saudi Arabia led a significant increase in production in February, raising output by 250,000 barrels per day in what appears to have......
Türkiye’s industrial sector began the year with modest growth, reflecting mixed performance across key subsectors of the economy. According to data released by the Turkish Statistical Institute, the country’s industrial production index recorded a 1.1% increase in January compared......
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