In a recent statement, Castro Almeida, the Minister of Economy, acknowledged that the budget deficit aimed at addressing the impacts of severe weather conditions could be deemed a "necessary evil."…
Marcelo Rebelo de Sousa, the President of Portugal, is set to preside over the upcoming Council of Ministers meeting this week as geopolitical tensions rise, particularly regarding the situation in…
As the Middle East conflict escalates, AICEP, the Agency for Investment and Foreign Trade of Portugal, is closely monitoring its repercussions on African exports, particularly from the region known…
In a significant move reflecting the escalating tensions in the Middle East, Saudi Aramco has begun exploring alternatives to the Strait of Hormuz for oil transportation, while Spain has initiated …
In a significant crackdown on corruption, Portuguese authorities have detained several officials suspected of organised crime, corruption, and qualified fraud. This operation, which took place in L…
In a significant investment move, British firm Arrow has acquired several hotel properties from Sonae, transforming them into luxury destinations. This development comes as Arrow eyes the growing p…
Iraq has initiated a reduction in its oil production, prompting the International Energy Agency (IEA) to prepare measures to stabilise the global oil market if necessary. This move, announced on Oc…
In a significant meeting held on October 15, 2023, President Marcelo Rebelo de Sousa presided over a crucial session of the Conselho, focusing on the Portuguese-Tunisian Renewable Resources (PTRR) …
In a shocking turn of events, Marcos has been detained following a shooting incident that left another individual injured in Silves. The incident occurred on the evening of October 15, 2023, raisin…
Etihad Airways has commenced the withdrawal of European citizens from the Middle East following escalating tensions in the region. This decision, taken on October 14, 2023, comes amidst growing con…
Former banking mogul Ricardo Salgado, diagnosed with Alzheimer’s disease, may still face imprisonment for his alleged financial crimes. Salgado, who has been in the spotlight due to his involvement…
Pharol, the Portuguese telecommunications company, has announced plans to divest from its legacy stake in Portugal Telecom, aiming to relieve itself of what it describes as a significant financial …
