Browsing: Business

Oil prices tumbled on Wednesday on news of a plan by U.S. President Joe Biden to cut fuel costs for drivers and amid concerns over a potential economic recession after recent central bank rate hikes, which also weighed on equities, Reuters reported.

The European Union has launched the E-NABLE project, which objective is to support major Libyan economic institutions in adopting digital economic governance tools and improving digital services provided to companies, according to a statement by the the ministry of economy affiliated with Dbeibeh’s government.

Oil prices extended gains on Thursday, supported by strong demand in the United States, while demand in China is expected to rebound with the easing of Covid-19 restrictions in major cities.