Business
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U.S. Energy Secretary: Gulf Oil Flows Reach 18 Million Barrels in a Single Day
Al-Taj News – U.S. Energy Secretary Chris Wright said that around 18 million barrels of oil flowed from the Gulf in a single day, noting that flows had returned to pre-war levels. In an interview with Fox News, Wright added that oil flows from the Gulf had reached record levels, with around 18 million barrels passing through on Tuesday, close…
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After Fed Decision, Central Banks Raise Interest Rates by 25 Basis Points
Al-Taj News – Central banks raised interest rates by 25 basis points on Thursday, following the U.S. Federal Reserve’s decision to raise its interest rate by the same amount, in a move reflecting the spillover of the U.S. decision into other money markets. The Central Bank of Bahrain decided to raise its overnight interest rate from 4.25% to 4.50%, with…
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Production Halted at Three Libyan Oil Fields Following Forced Closure of a Main Valve
Al-Taj News – Libya’s National Oil Corporation said on Tuesday that production at three oil fields had been halted after a group of facility guards forcibly and illegally shut a main transportation pipeline valve. The corporation did not state the motive behind the action, warning that it may have to declare “force majeure if the closure of this valve continues,…
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Oil Loading Suspended at Saudi Arabia’s Yanbu Port
Al-Taj News – Shipping sector sources said on Tuesday that oil loading operations at Saudi Arabia’s Yanbu port on the Red Sea had been suspended, days after Saudi Arabia, the world’s largest exporter of crude oil, shut down the East-West Pipeline due to an attack carried out by the Iran-aligned Houthi group in Yemen. Saudi Aramco increased its use of…
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The 10 Richest Billionaires in the World .. Elon Musk Soars Toward Trillionaire Status
Al-Taj News – The list of the 10 richest billionaires in the world during the week ending September 13, 2026, saw mixed movements, most notably Elon Musk’s continued expansion of his wealth and his growing proximity to trillionaire status. Musk’s wealth rose to $935 billion, an increase of $31 billion over the previous week, while a number of the world’s…
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UAE’s ADNOC Increases Purchases of Iraqi Oil at Discounted Prices
Al-Taj News – Reuters, citing informed sources, reported that Abu Dhabi National Oil Company (ADNOC) purchased millions of barrels of Iraqi crude oil at discounted prices from Iraq’s State Organization for Marketing of Oil (SOMO). The agency quoted two Iraqi sources in the energy sector as saying that ADNOC was the largest buyer of Iraqi crude during August and September,…
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Al-Qudah: More Than 60% of Jordanian Exports to the US Receive Zero-Tariff Treatment
Al-Taj News – Minister of Industry, Trade and Supply Eng. Yarub Al-Qudah confirmed that Jordan has succeeded in reaching understandings with the United States of America that ensure more than 60 percent of Jordanian exports to the US market remain subject to zero-tariff treatment, with an additional tariff of only 10 percent imposed on the remaining exports. Al-Qudah said during…
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Investment Ministry: JD 711.2 Million in Expected Investments Over 6 Months
Al-Taj News – The Ministry of Investment launched its performance report for the first half of 2026, which showed a noticeable acceleration in a number of investment indicators, progress in developing the legislative and regulatory environment, simplifying and digitizing procedures, and improving the efficiency of services provided to investors. The Ministry confirmed that the results achieved reflect a shift in…
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Jordan Kuwait Bank Signs Agreement with CRIF to Introduce SME Assessment Model and Enhance Credit Decision-Making
Jordan Kuwait Bank has signed a cooperation agreement with CRIF, a leading provider of credit information and digital solutions, to introduce a new assessment model for small and medium-sized enterprise (SME) customers using StrategyOne, CRIF’s platform for supporting and automating credit decisions.The agreement was signed by Fadi Khalil, Head of Corporate Banking at Jordan Kuwait Bank, and Roberto Ciraci, Head…
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US Imposes Iran-Related Sanctions on Russian Bank
Al-Taj News – The U.S. Treasury Department said Monday that the United States had imposed Iran-related sanctions on Russia’s VTB Bank, accusing it of involvement in evading U.S. sanctions imposed on Iran, as part of Washington’s efforts to increase economic pressure on Tehran. The measure follows sanctions imposed on the bank, Russia’s second-largest lender, in 2022 following the war in…
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