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Energy 10 Sep 2021 | 6:35 AM

Oil price dives, hit by China supply plan, US bond auction

NEW YORK: Oil prices fell to a two-week low on Thursday as China rolled out a plan to release state oil reserves, the U.S. weekly crude draw was smaller than expected and U.S. Treasuries rallied as investors sought safer assets.

Business 22 Jun 2021 | 7:00 AM

New offer in compensation dispute for Suez Canal blockage

ISMAILIA (EGYPT): The owners of a container ship that blocked the Suez Canal in March have made a new offer in a compensation dispute with the canal authority, and a court ruling on the case was postponed for two weeks on Sunday to allow more time for negotiations.