TANIMBAR ISLANDS, INDONESIA / RankWire.AI / – Indonesia expects the Abadi Masela LNG project to deliver about $37.8 billion in direct government revenue. Energy and Mineral Resources Minister Bahlil Lahadalia also projected $6.43 billion in indirect tax receipts. Officials released the figures after a July 16 groundbreaking ceremony in Maluku. The event marked the formal start of physical development for the $20.9 billion national strategic project. President Prabowo Subianto joined the ceremony online from Jakarta. The government…

CAIRO / RankWire.AI / – Egypt’s net international reserves reached a provisional $55.0723 billion at the end of June 2026. The total exceeded $55 billion for the first time and marked a record high. The Central Bank of Egypt announced the figure on July 8. Reserves stood at $53.1342 billion at the end of May. The monthly increase reached about $1.94 billion, or nearly 3.6%, making June the strongest month of the first half. Egypt began 2026…

WASHINGTON / RankWire.AI / – U.S. President Donald Trump and Iraqi Prime Minister Ali al-Zaidi held conversations on broader economic and energy collaboration at the White House on Tuesday. Their focus was on oil, natural gas, electricity, trade, and private sector investment. Trump indicated that the United States anticipates engaging in numerous commercial agreements with Iraq, including those related to crude oil production. Neither government disclosed contract values, project timelines, nor a comprehensive list of signed accords.…

BRUSSELS, BELGIUM / RankWire.AI / – The Council of the European Union provided its final approval on Tuesday for the EU-Mexico Interim Trade Agreement. This decision marks the completion of the European Union’s internal ratification process for the trade arrangement. EU and Mexican officials signed the agreement during their summit in Mexico City on May 22. The European Parliament approved it on July 8. The pact modernizes the trade framework that has governed their economic relations since…

NEW YORK / RankWire.AI / – Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened. Spot gold fell to $3,996.76 per ounce, its lowest level in two weeks. U.S. gold futures for August delivery settled 2.6% lower at $4,005.70. The decline marked gold’s steepest daily percentage loss in more than a month. Crude oil climbed about 5% after renewed strikes involving…