
Oil prices continue to rise
Amid rising concerns over supplies in the Middle East.

Moscow is preparing to host the Third Russia-Africa Summit on October 28 and 29, 2026, at a venue that Russia is betting on to enhance its presence on the African continent and elevate its relations with African countries from political coordination and diplomatic consultation to economic partnership and opening new horizons for real cooperation between the two parties based on a win-win principle. This anticipated meeting between the Russian leadership and African leaders aims to promote cooperation in political, security, and economic files, according to a statement from the media office of the Third Russia-Africa Summit, which places special importance on the economic dimension in the agenda of this edition, as the organizing body focuses on trade and investment.

Amid rising concerns over supplies in the Middle East.

Oil prices stabilized at settlement on Wednesday, with Brent crude futures rising three cents, or 0.03%, to $108.82 at settlement. West Texas Intermediate crude fell 67 cents, or 0.7%, to $97.15 per barrel. Both benchmarks rose by as much as two dollars earlier in the session, as Brent hovered near its highest levels in five months.

The Ministry of Hydraulics presents its 2027 budget: 697.4 billion dinars for payment credits, desalination, and dams.
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