The campus is set to become the largest dedicated hub for AI and technology companies in the Middle East and North Africa
uae11 hours ago
“Sometimes it seems that the market has prepared for oil at around $100,” Iran’s students’ news agency ISNA quoted Khatibi as telling a conference.
“For the big consumers, security of supply is more important than the price,” he said, and that meant buyers accepted an oil price which gave producer countries incentive to invest.
“The aim of decreasing the Opec production ceiling after the global recession in the last two years was to create relative stability in the market and to create a balance between supply and demand because producer countries think the price should be at a level that would justify new investments,” he said.
Top oil exporter Saudi Arabia earlier this month shifted upwards the band from a price it has backed for around two years, saying oil at $70-$90 a barrel was comfortable for consumers. US crude was trading at just under $86 on Friday.
Khatibi said on Sunday that the market would not be harmed by $100 oil.
The campus is set to become the largest dedicated hub for AI and technology companies in the Middle East and North Africa
uae11 hours ago
Dravid's tenure comes to an end after the T20 World Cup 2024 in the USA and West Indies
sports12 hours ago
Stand-in skipper Jitesh believes the absence of key England players will not affect his side's morale on Sunday
sports12 hours ago
Netanyahu came under personal attack from Defence Minister Yoav Gallant for failing to rule out an Israeli government in Gaza after the war
world13 hours ago
The fund is designed to finance the production of artistic and creative works in film, music, performances, and video games
uae13 hours ago
Fico has been in hospital since Wednesday when a lone gunman shot him four times, including in the abdomen
world13 hours ago
The country was one of the donor states to freeze around $450 million in funds after Israel accused 12 UNRWA staff of participating in the Hamas-led attack
world14 hours ago
This inclusive community service is available daily on Al Hamriya Beach from 6.00am to sunset
uae14 hours ago