Economic

Edit: Ahmed Al-Kumi

The rebuffs of the return of the specter of the Corona closure in Europe raised fears of new collapses for economies still trying to recover from the devastating effects of the past closure, and experts say the closures would bring the continental economy into disarray immediately.

Coinciding with the rise of oil prices to the highest level in 7 years, the numbers of active oil and gas exploration platforms in the United States rose for the fourth week in a row.

Following the United Nations-sponsored dispute over "Sahara," in which Morocco considers that the European Union is a party to its crisis, tensions have begun between Morocco and some European Union States.

Before offsetting some losses, oil prices fell to the lowest level in six weeks today, after China said it was moving to pull out of the reserve, following a Reuters report that the United States had asked major oil consumers to study a coordinated withdrawal from the strategic reserve in an effort to reduce prices.

Pledging to keep Beijing open to foreign investment while more countries strengthen barriers on the grounds of national security concerns, Chinese Vice President Wang Qishan said today that his country and the world must work together to promote global economic growth.

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