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USD/INR strengthens amid Iran airport attacks and oil prices rise

USD/INR strengthens amid Iran airport attacks and oil prices rise

Indian Rupee gathers strength on Friday despite geopolitical tension risks, renewed USD demand.  The fear of a wider conflict between Israel and Iran might cap the INR’s upside. Investors await the RBI Monetary Policy Committee (MPC) Meeting Minutes, which are due on Friday. Indian Rupee (INR) rebounds on Friday despite geopolitical fears and foreign fund […]

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Oil prices surge, world leaders call for calm amid fear of escalation following Israeli strike in Iran

Oil prices surge, world leaders call for calm amid fear of escalation following Israeli strike in Iran

Illustration: View of the oil refineries of Haifa, Israel, and the industrial area, on May 5, 2017 (Photo: Yaniv Nadav/Flash90). A large number of world leaders warned against an escalation regarding the situation in the Middle East on Friday after Israel struck an Iranian military site in the city of Isfahan earlier in the morning.

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Object that slammed into Florida home was indeed space junk from ISS, NASA confirms

Object that slammed into Florida home was indeed space junk from ISS, NASA confirms

The International Space Station jettisons a 2.9-ton pallet carrying used batteries on March 11, 2021. This photo was posted on Twitter by NASA astronaut Mike Hopkins. (Image credit: NASA/Mike Hopkins) The mysterious object that crashed through the roof of a Florida home last month did indeed come from the International Space Station (ISS), NASA has

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Enppi, Petrojet spearhead solar power initiative at Assiut Oil Refinery with EGP 550m investment

Enppi, Petrojet spearhead solar power initiative at Assiut Oil Refinery with EGP 550m investment

The Ministry of Petroleum and Mineral Resources has entrusted Enppi and Petrojet, leading entities in engineering design, general contracting, and construction within the petroleum sector, with the establishment of a 10-megawatt solar power station at the Assiut Oil Refinery. The project, valued at EGP 550m, is slated for completion over the next 11 months. In

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Tinubu’s govt paying more on fuel subsidy than ever, says El-Rufai

Tinubu’s govt paying more on fuel subsidy than ever, says El-Rufai

Nasir El-Rufai, the former governor of Kaduna State, has claimed that President Bola Tinubu’s government is still subsidizing fuel despite its high cost. Remember that during his inaugural speech on May 29, 2023, the President proclaimed the end of gasoline subsidies. The presidency has often stated that the government is not spending a cent on

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