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Oil turbulence could last five years, ExxonMobil boss warns

Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said Tuesday, citing under-investment and the coronavirus pandemic.

Energy markets have been roiled by the Ukraine war as Russia has reduced some exports and faced sanctions while Europe has announced plans to wean itself off dependency on Russian fossil fuels in coming years.

Speaking ahead of ExxonMobil's unveiling as the fourth international partner for Qatar's natural gas expansion, chairman and chief executive Darren Woods said major uncertainty lies ahead.

Exxon Mobil Corporation's Chairman and CEO Darren Woods speaks during a press conference and signing ceremony at QatarEnergy headquarters in Doha, on June 21, 2022

Israel's 'change' govt brought down by Palestinian conflict

Israel's unlikely coalition government, the first ever backed by an Arab party, was forged a year ago to oust right-wing premier Benjamin Netanyahu, but ultimately collapsed over the Palestinian conflict.

As a result, Israel looks headed for new elections -- the fifth in less than four years -- and the threat of widening fissures between the groups that made up the eight-party "change" alliance.

Israeli Foreign Minister Yair Lapid is set to take over as prime minister of the caretaker government

Dubai restaurants earn Middle East's first Michelin stars

Eleven Dubai restaurants were awarded the first Michelin stars in the Middle East on Tuesday as dozens of the city's eateries made it into the prestigious gastronomic guide.

Two restaurants were given two-star ratings, another nine gained one star and 14 received the Bib Gourmand for value-for-money gourmet fare.

Dubai, the United Arab Emirates' commercial hub, joins a growing number of cities worldwide covered by the coveted French listings.

Chefs and owners pose for photographs as 11 Dubai restaurants are awarded the first Michelin stars in the Middle East

For Iraqis a sweltering summer of 'hell' has begun

Umm Mohammed, 74, waves a fan back and forth to cool down, but in the blistering heat of Iraq's southern city of Basra there is nothing but stiflingly hot air.

While Basra is used to scorching summers, this year it has started sooner than expected, bringing misery to residents in a city also plagued by chronic electricity shortages.

"By God, we are tired," Umm Mohammed said faintly, adding that the heat had woken her up in the middle of the night.

Just days into summer, the temperature in Basra has already soared to around 45 degrees Celsius (113 Fahrenheit).

A man carries a block of ice at his stall in Iraq's southern city of Basra

UN chief calls for extension of Syria cross-border aid resolution

UN Secretary-General Antonio Guterres on Monday called for the Security Council to extend its authorization of cross-border aid into northwest Syria by a year -- a policy that veto-holding Russia has criticized.

The UN resolution allowing aid deliveries across the Syrian-Turkish border at Bab al-Hawa has been in effect since 2014, but is set to expire on July 10.

Rebel backer Turkey is especially keen to maintain the flow of aid into Syria as it does not want to add to the 3.7 million refugees already on its soil

Israel's Bennett says Lapid 'will soon take over as prime minister'

Israel's Prime Minister Naftali Bennett said Monday that Foreign Minister Yair Lapid 'will soon take over' as premier, after the pair agreed to dissolve their fraught governing coalition and trigger new elections.

In a joint press conference with Lapid -- the architect of the alliance -- Bennett said he made the "difficult" decision to dissolve parliament in order to protect Jewish settlers in the occupied West Bank.

Israel's Prime Minister Naftali Bennett (L) and Foreign Minister Yair Lapid make a joint statement to the press in Jerusalem

Israeli coalition to dissolve parliament, force new elections

Israel's Prime Minister Naftali Bennett said Monday his governing coalition will dissolve parliament next week, a shock announcement that will give power to Foreign Minister Yair Lapid in days and force new elections.

Bennett and Lapid forged an ideologically disparate alliance one year ago, counting eight-parties broadly united on the desire to end the tenure of former premier Benjamin Netanyahu.

Israeli Prime Minister Naftali Bennett (R) speaks with Foreign Minister Yair Lapid (L) during a cabinet meeting in Jerusalem,

Goodbye Expo, hello 'Expo City' - Dubai to reopen world fair site

Dubai's vast Expo 2020 site is to reopen as Expo City Dubai, a "city of the future" with housing, businesses and leisure facilities, officials said on Monday.

The development on Dubai's outskirts, purpose-built at $7 billion for the six-month Expo that finished in March, will host offices for Dubai port operator DP World and German conglomerate Siemens.

The site, with its canopied walkways and speakers playing soothing music, is now envisaged as a car-free "15-minute city", with all parts accessible by foot or bicycle within a quarter of an hour

Airlines seek govt support for net-zero pledge

World airlines on Monday called on governments to support the industry's goal of net-zero carbon emissions by 2050.

The plea at a meeting of the International Air Transport Association (IATA) came three months before a crucial gathering of the United Nations' intergovernmental agency supporting aviation.

IATA, whose member airlines account for 83 percent of global air traffic, pledged in October to reach net-zero by mid-century, an enormous and costly technological challenge.

The airline industry currently accounts for about three percent of environmentally-harmful CO2 emissions

ConocoPhillips joins Qatar's mega gas expansion

ConocoPhillips on Monday became the first US energy giant to sign up to help Qatar's massive natural gas expansion that has drawn global bidders anxious to assure new supplies.

ConocoPhillips' chunk of the North Field East project is half the size of France's TotalEnergies, which has a 6.25 percent share, but the same as Italy's ENI, announced on Sunday, Energy Minister Saad Sherida al-Kaabi told a press conference at which the accord was signed.

No figure for the value of the deal was given but TotalEnergies previously said it had paid $2 billion for its joint venture.

Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi (R) and Ryan Lance, CEO of American multinational corporation ConocoPhillips, attend a signing ceremony in Doha