Lebanon

Power Markets

Israel eyes usage of Musk's Starlink in event of war with Hezbollah, Calcalist reports

Israel is looking to utilize Elon Musk's Starlink to maintain Internet connectivity ought to there be a potential alloutwar with Lebanese Hezbollah on the northern border that triggers power blackouts in Israel, a newspaper report said on Tuesday. The Calcalist financial daily said that the financing and communications ministries were seeking to use Starlink's. 5,000 low-orbit satellites to guarantee steady information and info. circulation for state authorities throughout emergency situations. Both ministries did not instantly comment to . In February, Communications Minister Shlomo Karhi gave. consent to Starlink, the satellite system of SpaceX, to run. in Israel and the Gaza...

Energy Markets

MIDEAST - Factors to see - May 9

Here are some elements that might affect Middle East stock exchange on Thursday. has not verified the press reports and does not guarantee their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Asia shares constant after strong China trade information, yen steady after current falls * Oil rises on U.S. crude storage draw, Fed rate cut hopes * PRECIOUS-Gold rates constant with United States financial information on tap * MIDEAST STOCKS-Abu Dhabi leads as Gulf bourses end higher; Egypt drops * United States alerts Israel that Rafah invasion will jeopardise weapons supply as attack continues * Goldman Sachs sees OPEC+ not likely to raise...

Oil & Gas

Iran's president knocks Israeli attacks on Tehran's local allies

Israel ought to not be allowed to attack countries in the Iranaligned Axis of Resistance one after the other, Iranian President Masoud Pezeshkian said on Sunday. Israel stated it had bombed Houthi targets in Yemen on Sunday, broadening its confrontation with Iran's allies in the area after killing the Hezbollah leader Sayyed Hassan Nasrallah on Friday in an intensifying dispute in Lebanon Pezeshkian, in remarks carried by state media, stated Lebanon. need to be supported. Lebanese fighters need to not be left alone in this fight so that the Zionist routine (Israel) does not assault Axis of Resistance nations one...

Oil & Gas

Lebanon would have a hard time to cover 'fraction' of help needs in war with Israel, minister says

Lebanon would struggle to satisfy even a portion of its help needs if fullscale war with Israel emerges, a senior official said, as it seeks increased donor support in the middle of relentless border clashes. Nasser Yassin, the minister managing contingency preparation for a broader conflict, told Reuters Lebanon would require $100. million month-to-month for food, shelter, healthcare and other needs in. a worst-case scenario. A little fraction, even 10 to 15 percent of that, would be. substantial for the government. We will need donors to step up, Yassin. stated. International help is already falling short. Lebanon has. gotten only...

Oil & Gas

Poland probing alleged links between Orlen unit's ex-CEO and 'terrorist organisations'

Poland has actually launched an investigation into multi-million-dollar cash losses by Polish refiner Orlen's Swiss unit and claims that its former CEO had ties to terrorist. organisations, Warsaw chief prosecutor Malgorzata Adamajtys. said on Tuesday. Polish site Onet had actually reported on Monday that the. former CEO of Orlen Trading Switzerland, described just as. Samer A. due to local personal privacy laws, was believed by Orlen's. internal security system of having had contacts with Lebanon's. powerful Iran-backed Hezbollah militant group. Samer A., the ex-CEO of Orlen's Swiss subsidiary OTS,. rejected in an interview with Polish private radio RMF on Tuesday....

Oil & Gas

MIDEAST - Factors to watch - May 14

Here are some factors that might affect Middle East stock exchange on Tuesday. has not validated the press reports and does not guarantee their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Asia shares hit 15-month high as traders wait for CPI * Oil constant as investors eye US inflation, OPEC report * PRECIOUS-Gold rates edge greater as essential United States inflation information looms * MIDEAST STOCKS-Gulf markets end mixed ahead of United States inflation data * Israeli forces press Gaza offensive from north and south * Erdogan defends Hamas, says members are being dealt with in Turkish hospitals * White House sees no...

Fossil Fuels

Israeli airstrike eliminates two in southern Lebanon

2 individuals were killed on Saturday in an Israeli airstrike on the outskirts of the southern Lebanese town of Aitaroun, Lebanon's state news agency NNA stated on Saturday. The Israeli armed force said in a statement that its soldiers had determined a Hezbollah militant in the Aitaroun area, and that quickly afterwards an Israeli aircraft had performed an airstrike that struck the person. Israeli forces launched 2 missiles targeting a coffee shop at a. gas station, triggering significant damage to the facilities and. to the surrounding area, NNA said. Lebanese armed group Hezbollah said its fighters struck back. by shooting...