The Centre for the Promotion of Private Enterprise (CPPE) has urged the federal and state governments to intensify measures to reduce energy costs and improve transportation infrastructure to mitigate the impact of inflation in the country. Chief Executive Officer of CPPE, Dr Muda Yusuf, made the call in a statement on Friday in Lagos while…
The BRICS foreign ministers’ meeting, held over the past two days in New Delhi, was meant to project unity among emerging economies. Instead, it brought Iran and the United Arab Emirates into the same room at one of the most sensitive moments in their relations, turning the summit into a stage for open accusations. The…
AS the United States/Israel–Iran crisis reverberates into a global oil shock, the Philippines, an archipelago heavily dependent on imported fossil fuels, faces renewed urgency to secure stable, affordable energy. President Ferdinand Marcos Jr.’s emphasis on regional energy (RE) security at the 48th Asean Summit underscores a timely pivot: accelerate renewables, especially rooftop solar. He said,…
The warnings came during a special meeting of the UN Economic and Social Council (ECOSOC) on Friday focused on safeguarding energy and trade flows amid continuing volatility in global fuel markets, shipping routes and critical supply chains. “This is not only an energy challenge. It is a development challenge. It is a financing challenge,” ECOSOC…
BERLIN – Spain and Ireland are leading a camp of EU countries that are hostile to Israel and fixated with “ruining” a once close relationship with Europe, Israel’s Foreign Minister Gideon Sa’ar told Euractiv. Earlier this week, the EU agreed on sanctions against Israeli settlers accused of violence against Palestinians in the West Bank, where…
US-Israel-Iran War Latest Update: Efforts by the United States to bring an end to the war with Iran suffered another setback after a commercial ship was reportedly seized by unidentified personnel near the United Arab Emirates. According to the UK Maritime Trade Operations, the vessel was intercepted around 38 nautical miles off the UAE coast…
A Chinese supertanker carrying two million barrels of Iraqi crude passed through the Strait of Hormuz on Wednesday after being stranded in the Gulf for more than two months amid the U.S.-Iran war, according to LSEG and Kpler ship-tracking data. The Very Large Crude Carrier Yuan Hua Hu was seen heading toward eastern China’s Zhoushan…
Turkish President Recep Tayyip Erdoğan and Kazakh President Kassym-Jomart Tokayev have pledged to deepen bilateral ties across energy, trade, transport, defence, and technology following high-level talks in Astana. On Thursday, the two leaders held a one-to-one meeting at Astana’s Palace of Independence before jointly chairing the sixth meeting of the Türkiye-Kazakhstan High-Level Strategic Cooperation Council….
Sharren Haskel and Harry Theoharis met this week to strengthen economic cooperation between Israel and Greece, highlighting growing trade and investment ties between the two countries. Following the meeting, Haskel said economic relations between Israel and Greece are currently at “an all-time high,” with major opportunities for further collaboration across key sectors including water technology,…
The “Development Road” agreement signed between Iraq and Turkey, along with the “Four Seas Plan” once again being debated along the Syria-Turkey axis, have emerged as key projects in these discussions. What these projects share in common is that they all pass through Kurdistan. The ‘Four Seas’ plan returns to the agenda “Syria’s Four Seas…
