Oil prices rise after reaching initial agreement regarding the US debt ceiling

Yemen: Supporting Yemeni state economically, politically is investment in security, stability of the world

The Republic of Yemen confirmed that the Houthi militias still constitute the greatest and most dangerous threat to the security and stability of Yemen, the region, the world and international navigation, and that the peace we seek cannot be built with militias that see war, chaos and destruction as a means of survival... underlining that supporting the Yemeni state economically, politically and security is a direct investment in the security and stability of the region and the world.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

China's foreign exchange reserves rise to $3.3991 trillion

China's total foreign exchange reserves made $3.3991 trillion at the end of last January, marking an increase of $41.2 billion, or 1.23 percent, compared to the end of December last year.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/02/12 Time 07:12:27
Latest News:

Prime Minister receives UN Special Envoy to Yemen

Yemeni PM Receives Message from Polish Counterpart

Yemen joins Conference of Transport, Communications Ministers of OIC

Prime Minister meets with UNOPS delegation

Al-Khanbashi praises efforts of UNESCO, its interventions in Hadhramaut

Oil prices rise after reaching initial agreement regarding the US debt ceiling

[29/05/2023 02:43]

Singapore - Saba
Oil prices rose in early Asian trade on Monday after US leaders reached a tentative agreement on the government's debt ceiling, which could prevent a catastrophic default in the world's largest economy and oil consumer.

Brent crude futures rose 39 cents, or 0.5 percent, to $77.34 a barrel.

West Texas Intermediate crude futures rose 45 cents, or 0.6 percent, to $73.12 a barrel.

On Saturday, US President Joe Biden and House Speaker Kevin McCarthy reached an agreement in principle to suspend the government's debt ceiling of $31.4 trillion.

Investors are looking forward to data on the manufacturing and services sectors in China this week, as well as data on non-farm payrolls in the United States on Friday, looking for indications of economic growth and demand for oil.