SME Foundation and United Finance launch cluster development initiative
In a joint effort to revitalise underdeveloped coastal industries, SME Foundation and United Finance PLC have launched a cluster development initiative, targeting key sectors such as dry fish, salt, snail, and shellfish. These sectors hold significant promise for employment generation, rural livelihoods, and export potential, says a statement.A recent stakeholder...
Read more
Oil prices inch down on expected minimal sanctions impact
LONDON, July 21 (Reuters): Oil prices dipped slightly on Monday, with the latest European sanctions on Russian oil expected to have minimal impact on supplies while US tariffs ensure demand concerns remain.Brent crude futures dropped 20 cents, or 0.3 per cent, to $69.08 a barrel by 1100 GMT after settling...
Read more
Chinese exports of two critical minerals plunge
BEIJING, July 21 (Reuters): China's exports of two critical minerals used in weapons, telecommunications and solar cells have plunged over the past three months amid a crackdown on smuggling and transshipment that has involved China's top spy agency.Exports of antimony and germanium in June were down 88 per cent and...
Read more
Gold prices rise on weaker US dollar
Gold prices firmed on Monday, bolstered by a weaker US dollar, while investors sought clarity on trade developments ahead of an August 1 US tariff deadline, reports Reuters.Spot gold was up 0.5 per cent at $3,369.17 per ounce by 1114 GMT. US gold futures rose 0.5 per cent to $3,376.30."The...
Read more
Saudi Arabia crude exports hit 3-month high in May
Saudi Arabia's crude oil exports in May rose to their highest in three months, data from the Joint Organizations Data Initiative (JODI) showed on Monday, reports Reuters.Crude exports from the world's largest oil exporter rose to 6.191 million barrels per day (bpd) from 6.166 million bpd in April.Saudi's crude output...
Read more
