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Oil Prices Jump nearly Three Percent as US Inventory Falls

Oil prices rose 3 percent amid investor fears of a widening conflict in the Middle East and after a sharp drop in US crude inventories.

Brent crude futures climbed $2.09 a barrel, or 2.66%, to $80.72, for delivery in September. The more active Octobe…

Algeria, Italy Sign MoU in Electricity Exports Field

Algeria and Italy on Wednesday signed a memorandum of understanding (MoU) in the field of electricity exports to Europe.

The Algerian energy group Sonatrach said that the MoU was signed in partnership between Sonatrach, the Algerian electricity and g…

Shekel depreciates against dollar and euro

Tel Aviv – Ma’an – The value of the shekel fell against the dollar and the euro, and stock indices declined on the Tel Aviv Stock Exchange, following Israel’s assassination of Hamas political bureau chief Ismail Haniyeh and Hezbollah leader Fuad Shukr…