Latest news with #TalaRamadan
Zawya
27-05-2025
- 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)
Zawya
19-05-2025
- Business
- Zawya
Saudi Arabia's PIF opens subsidiary company office in Paris
Saudi Arabia's sovereign wealth fund, Public Investment Fund, announced in a statement on Monday the opening of a new subsidiary company office in Paris. "The new office reflects PIF's approach to engaging closely with local partners, leading businesses and institutional investors," the statement said. (Reporting by Tala Ramadan Editing by Ros Russell)
Yahoo
16-05-2025
- Politics
- Yahoo
UN peacekeepers attacked by civilians in Lebanon, no casualties reported
By Tala Ramadan DUBAI (Reuters) - A large group of civilians wielding metal rods and axes attacked a patrol of U.N. troops in southern Lebanon on Friday, causing damage to U.N. vehicles but no injuries, a United Nations peacekeeping force said. The U.N. troops used non-lethal force to protect themselves and those present, according to the U.N. Interim Force in Lebanon (UNIFIL), adding the patrol had been on a routine operation between the villages of Jmayjmeh and Khirbat Silim. The Lebanese Armed Forces (LAF) were notified and arrived shortly after the incident, escorting the patrol back to base. UNIFIL said the patrol had been pre-planned and coordinated with the LAF. The U.N. peacekeeping mission stressed that its mandate, under U.N. Security Council Resolution 1701, guarantees freedom of movement in its area of operations with or without LAF accompaniment. On Wednesday, UNIFIL said that direct fire from the Israeli army had hit the perimeter of one of its peacekeeping positions in south Lebanon. UNIFIL said the incident on Tuesday was the first of its kind since Israel and Iran-backed Lebanese militant group Hezbollah agreed to a ceasefire last November.
Zawya
12-03-2025
- Business
- Zawya
Oil production resumes at Libya's Mabruk field after a decade
Libya's Mabruk Oil Operations has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National Unity (GNU) said in a statement on Wednesday. Production officially restarted on Sunday at an initial rate of 5,000 barrels per day, according to the statement, with plans for an increase to 7,000 bpd by the end of March and 25,000 bpd by July. Crude began to be transferred to the nearby Al-Bahi field on Tuesday as part of efforts to improve the efficiency of the country's oil infrastructure and operations. Libya's National Oil Corporation (NOC) had said it planned to reopen the Mabruk oilfield in the first quarter of 2023 with production up to 25,000 barrels per day. The field had been closed in 2015 after what NOC described as a "terrorist" attack that cost the company $575 million in field equipment losses. Libya, holding Africa's largest proven oil reserves, has struggled to maintain consistent output levels due to internal conflicts and infrastructure damage since 2011. "This marks a significant step forward in Libya's oil sector, reflecting improved stability and confidence in our capacity to rebuild and boost the national economy," Wednesday's statement said. (Reporting by Tala Ramadan; Editing by Kirsten Donovan)
Yahoo
06-03-2025
- Yahoo
Jordanian border forces clash with smugglers, killing four
By Tala Ramadan DUBAI (Reuters) - Jordanian border forces clashed on Thursday with armed smuggling groups attempting to cross the northern border from Syria into Jordan, the Jordan Armed forces said in a statement. The clashes resulted in the death of four smugglers, while the remaining individuals retreated into Syrian territory. According to the statement, the smugglers had attempted to exploit poor weather conditions and dense fog to cross the border, but Jordanian forces "applied engagement rules to prevent their infiltration." See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. Large quantities of narcotics and weapons were seized and transferred to the relevant authorities, the armed forces said. The amount of the seized drugs was not disclosed. In January, Jordan and Syria agreed to form a joint security committee to secure their border, combat arms and drug smuggling and work to prevent the resurgence of Islamic State militants. Western anti-narcotics officials say the addictive, amphetamine-type stimulant known as captagon has for years been mass-produced in Syria and that Jordan is a transit route to the oil-producing Gulf states. Jordan's army has conducted several pre-emptive airstrikes in Syria since 2023 that Jordanian officials say targeted militias accused of links to the drug trade, as well as the militias' facilities.
