PARIS/MOSCOW: Russia has raked in a whopping 158 billion euros ($158 billion) in energy exports in the six months following its invasion of Ukraine, with the EU accounting for more than half, a think tank said Tuesday.

By Majd Othman

KUWAIT: Kuwait’s Capital Markets Authority (CMA) decided recently to implement the first phase of its project to develop a mechanism for participation in the general assemblies of companies listed on Boursa Kuwait.

ISLAMABAD: The brick kilns that dominate the small village of Aqilpur in Pakistan’s Punjab province now lie abandoned, furnaces extinguished by weeks of torrential rain that have caused the worst floods in the country’s history.

VIENNA: The OPEC+ oil cartel agreed Monday to cut production for the first time in more than a year as it seeks to lift prices that have tumbled due to recession fears.

KUWAIT: At the Extraordinary General Assembly meeting, the shareholders of KIPCO – Kuwait Projects Company (Holding) – approved the company’s merger by amalgamation with Qurain Petrochemical Industries Company (QPIC).

CAIRO: Residents of a Nile island in greater Cairo woke up in recent weeks to find officials taking measurements of their houses-a final step before enforcing demolition orders.

LONDON: The UK’s new Prime Minister Liz Truss takes power following a “summer of discontent” and as Britons tighten their belts in response to double-digit inflation and soaring energy costs. Liz Truss inherits an economy set to enter recession before the end of the year, with double-digit inflation forecast to soar further.

BERLIN: The German government on Sunday unveiled a new multi-billion euro plan to help housesholds cope with soaring prices, and said it was eyeing windfall profits from energy companies to help fund the relief.

WASHINGTON: Capping the price of Russian oil, an approach G7 members said Friday they want to pursue “urgently,” would be an unprecedented move and one which some analysts say could backfire.