In recent statements, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, warned that high energy prices could persist for some time, even after the end of the conflict in the Middle East.
The global energy market has experienced ups and downs since the conflict…
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Persian Gulf
The United Arab Emirates will leave OPEC
The United Arab Emirates (UAE) announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) as a result of the destabilization caused by the Iran-Contra conflict and its consequences in the Strait of Hormuz.…
Putin announces the development of international railway corridors
The President of Russia, Vladimir Putin, announced this Sunday his plans for the development of international transport corridors from the Baltic and Barents Seas to the Persian Gulf and the Indian Ocean.
Putin made the announcement during…
UK to launch new official electronic permit for international travelers
The UK Government has announced the launch of a new electronic authorization for visa-free travelers and for Europeans, called Electronic Travel Authorization UK (ETA UK), with the aim of improving British border control and fully…
Central Bank of Bahrain to process bitcoin payments
The crypto platform OpenNode announced that it will begin testing a cryptocurrency payment system in conjunction with the Central Bank of Bahrain, located in the Persian Gulf.
Although until now there had been no transactions related to…