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Crude Oil Falls Amid Conflicting OPEC+ and Russia Messages and Stronger Dollar

RIYADH: Oil prices softened in early trade on Friday, weighed down by conflicting messages from Russia and Saudi Arabia ahead of the next policy meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+,  and a stronger dollar, according to Reuters. Brent crude fell 30 cents to $75.96 a barrel at 3:15 a.m. GMT, while US West Texas Intermediate was down by 14 cents at $71.69 a barrel.

ENGIE aims for more UAE growth following $11.9bn green investments

RIYADH: French utility company ENGIE is looking to further deepen its roots in the UAE market, with $11.9 billion already invested in different projects in the Gulf country, according to a senior official from the firm. In a statement to the Emirates News Agency, Frederic Claux, ENGIE’s managing director of thermal & supply for the Asia, Middle East and Africa region, said the company is seeking to expand its reach in the UAE by offering renewable energy solutions for water desalination, battery storage, and green hydrogen projects.

Jeddah Port’s Islamic Container Volume Soars by 25% in April: Mawani

RIYADH: Improved operational capabilities at Jeddah Islamic Port led to a 25.07 percent surge in container throughput during April, according to a statement released by the General Authority for Ports, also known as Mawani.  The total number of containers handled reached 465,438, up from the 372,064 recorded in April 2022.  This rise came as Mawani further ramped up its infrastructure at Saudi ports while ensuring supply chain reliability.  It also cements the authority’s efforts to facilitate import, export and maritime trade operations. 

“Russian Ruble Gains Slightly Amid New Western Sanctions”

LONDON: The Russian ruble firmed on Friday, pushing back past the level of 80 to the US dollar, helped by higher oil prices but still hampered by reduced foreign currency supply and the latest Western sanctions, according to Reuters. By 11:03 a.m. Saudi time, the ruble was 0.4 percent stronger against the dollar at 79.93, and had gained 0.4 percent to trade at 86.22 versus the euro. It had firmed 0.3 percent against the yuan to 11.37.

Tunisia Recovers 41 Bodies of Drowned Refugees

Morgues and hospitals in city of Sfax are full, officials say, as the death toll from refugee shipwrecks soars.

UAE and Egypt Take Opposing Sides in Sudan Conflict: Analysis

With Egypt sidling up to Sudan's army and the UAE holding some sway over RSF, what will the regional implications be?

Sex Ed: The Key to a Better Future

CSE empowers young people and adolescents to know their rights, make healthy choices, stay in school and flourish.

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