Vessels that are used for towing oil rigs in the North Sea are moored up at William Wright docks in Hull, Britain November 2, 2017. Reuters/Russell Boyce/F By Reuters Britain will grant hundreds of new oil and gas licences in the North Sea as part of efforts to become more energy independent, the government said

Employees work on a car at the Aston Martin factory in Gaydon, Britain, March 16, 2022. Photogrpher Phil Noble/File Photo By Reuters British luxury carmaker Aston Martin (AML.L) kept its 2023 forecast unchanged on Wednesday after reporting a smaller pretax loss for the second quarter, helped by higher sales. The Gaydon-based company reported wholesale volumes

President William Ruto with the Director of the Office of the Foreign Affairs Commission of the Communist Party of China’s Central Committee Wang Yi at State House, Nairobi on July 22. By AFP China’s top diplomat Wang Yi during a visit to Kenya on Saturday praised the two countries’ economic partnership as a “win-win”, according

By Anadolu Agency Turkey and the United Arab Emirates (UAE) on Wednesday signed a total of 13 deals worth $50.7 billion, the Turkish Communications Directorate said. In a statement, the directorate said that both sides have reached an agreement to establish a High-Level Strategic Council, to be chaired by the presidents of Turkey and the

By Anadolu Agency Turkey and Saudi Arabia signed a series of deals on Monday encompassing investment, the defense industry, energy and communications. The agreements were signed after delegation meetings led by Turkish President Recep Tayyip Erdogan and Saudi Crown Prince Mohammed bin Salman in the Saudi city of Jeddah. President Erdogan earlier had a meeting

By Anadolu Agency The UK has now officially joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to an official statement on Sunday. Business and Trade Secretary Kemi Badenoch officially signed the treaty in New Zealand, solidifying the UK’s entry into CPTPP, a trade bloc in the Indo-Pacific region with a staggering gross

Iranian President Ebrahim Raisi (L) and Ugandan President Yoweri Museveni (R) shake hands at the State House in Entebbe, Uganda, on July 12, 2023. Photo/AFP By The East African Uganda has successfully landed Iran’s help to develop its energy sector, especially oil and nuclear, through either sharing of technology or direct financing of projects. Faced

By Reuters Turkey expects Gulf countries to make direct investments of about $10 billion initially in domestic assets as part of President Tayyip Erdogan’s trip to the region in two weeks, according to two senior Turkish officials. Erdogan is scheduled to visit leaders in Saudi Arabia, Qatar and the United Arab Emirates on July 17-19,

By Reuters OPEC+, a group comprising the Organization of the Petroleum Exporting Countries and allies including Russia that pumps around 40% of the world’s crude, has been cutting oil output since November in the face of flagging prices. Members Saudi Arabia and Russia, the world’s biggest oil exporters, deepened oil supply cuts on Monday in

The rising burden of debt servicing costs on Kenyan taxpayers is a reflection of increased borrowing during the previous administration. Photo/Shutterstock By Business Daily Africa Aggressive interest rate increases by central banks in rich countries amid sustained weakening of the shilling have seen Kenya pay 7.5 percent more in foreign debt repayments, the Treasury has