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Oman's first quarter budget revenue down falls as oil income drops
Oman's first quarter budget revenue down falls as oil income drops

Zawya

time27-05-2025

  • Business
  • Zawya

Oman's first quarter budget revenue down falls as oil income drops

Oman's overall budget revenue fell 7% year-on-year to 2.635 billion Omani rials ($6.85 billion) in the first quarter of 2025 as oil revenue dropped, Oman's state news agency reported on Tuesday, citing data from the finance ministry. Oil revenue for the OPEC+ member was down 13% at 1.468 billion rials in the first three months of the year, from 1.688 billion rials in the first quarter of 2024, with gas revenue down 2% to 436 million riyals. Public spending rose 4% to 2.771 billion rials from a year earlier, according to the state news agency. The sultanate's public debt eased to 14.3 billion rials from 15.3 billion rials. The finance ministry paid more than 304 million riyals in arrears to the private sector during the quater. ($1 = 0.3850 Omani rials) (Reporting by Menna Alaa El-Din and Tala Ramadan and Ahmed Elimam; Writing by Menna Alaa El-Din; Editing by Kirsten Donovan)

Egypt deems seven people, including five foreigners, dead from capsized tourist boat
Egypt deems seven people, including five foreigners, dead from capsized tourist boat

Yahoo

time19-05-2025

  • Yahoo

Egypt deems seven people, including five foreigners, dead from capsized tourist boat

By Menna AlaaElDin CAIRO (Reuters) -Egypt has officially declared seven missing people, including five foreigners, dead after a tourist boat capsized off Egypt's Red Sea coast in November. A decree published in the official gazette on Sunday by the country's prime minister deemed two British and two Polish tourists, along with a German person and two Egyptians dead. The boat, the Sea Story, capsized in November near the Sataya Reef while carrying 31 tourists and 13 crew on a multi-day diving trip. It was struck by high waves and sank in five to seven minutes. Four bodies were recovered at the time. Officials said the boat had passed its last safety inspection eight months earlier with no technical issues reported. Owned by an Egyptian national, the vessel was 34 meters long and had received a one-year safety certificate from the Maritime Safety Authority. The incident was blamed on high waves during rough weather conditions. The Sea Story was the second boat to sink in the area last year. A vessel suffered severe damage from strong waves in June, though no casualties were reported. Earlier this year, a viewing submarine sank off the Egyptian Red Sea resort of Hurghada, killing six Russian tourists. The Red Sea, renowned for its coral reefs and marine life, is a major hub for Egypt's tourism industry, which plays a critical role in the country's economy.

ISWAP claims responsibility for deadly attacks in Nigeria
ISWAP claims responsibility for deadly attacks in Nigeria

The Star

time21-04-2025

  • Politics
  • The Star

ISWAP claims responsibility for deadly attacks in Nigeria

LAGOS (Reuters) - The Islamic State West Africa Province (ISWAP) has claimed responsibility for a series of deadly attacks targeting Nigerian security forces as well as Christian civilians in Nigeria's northwestern regions earlier this month. Through seven messages posted on its news agency "Amaq," ISWAP claimed it conducted these operations, backing up the statements with a video depicting one of the assaults and two photo albums documenting two other operations. The attacks in Borno state targeted a Nigerian army barracks in Yamtage town where it claimed it killed three soldiers and set the barracks ablaze. ISWAP also claimed that its fighters captured and subsequently killed four members of pro-government militias loyal to the Nigerian army in the same state. In Adamawa state, the group claimed responsibility for two attacks on Banga village, a Christian community. The first, on April 15, allegedly resulted in the deaths of two Christians and the torching of over 30 houses and a church, with "Amaq" publishing photographs of the assault. The second attack on Banga, on April 16, targeted a Nigerian police patrol in the village, damaging a vehicle and wounding several officers. It also released a photo album depicting an assault on Lareh village in Adamawa, showing houses belonging to Christians and a church being set on fire but it was not accompanied with a claim. Boko Haram and ISWAP fighters have mainly operated in northeastern Nigeria and targeted security forces and civilians, killing or displacing tens of thousands of people. The Nigerian government has said it will "crush" the groups, increasing this year's defence budget by over 40%. (Reporting by Menna AlaaElDin; Writing and additional reporting by Isaac Anyaogu; Editing by Mark Porter)

Syria reaches deal to integrate SDF within state institutions, presidency says
Syria reaches deal to integrate SDF within state institutions, presidency says

Reuters

time10-03-2025

  • Politics
  • Reuters

Syria reaches deal to integrate SDF within state institutions, presidency says

CAIRO, March 10 (Reuters) - Syria reached a deal to integrate the Kurdish-led Syrian Democratic Forces(SDF) with state institutions, the Syrian presidency said on Monday. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. Reporting by Jaidaa Taha and Menna Alaa El Din Editing by Tomasz Janowski Our Standards: The Thomson Reuters Trust Principles., opens new tab

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