Energy in America

Business Highlights

___ Tax pros are suddenly very popular, if a little confused WASHINGTON (AP) — Don't feel bad if you don't understand how the new tax bill will affect you.

Positive IMF review paves way for $2B transfer to Egypt

The latest review by the International Monetary Fund has found that Egypt's economic reforms are on track, paving the way for the transfer of another $2 billion loan disbursement, part of a three-year bailout loan.

Half the Saudi population receiving welfare in new system

Saudi Arabia has paid 2 billion riyals ($533 million) in the first monthly installment of a new welfare system for low and middle-income Saudi families that make up approximately half of the kingdom's population.

Business Highlights

___ Trump celebrates after Congress wraps up massive tax package WASHINGTON (AP) — President Donald Trump cheered a massive overhaul of U.S. tax laws Wednesday, saying "we broke every record."

Trump orders boost in production of critical minerals

President Donald Trump on Wednesday ordered the government to boost production of critical minerals used for manufacturing everything from smartphones to wind turbines and cars, raising the prospect of more mining.

Shell, Eni face corruption charges in corporate bribery case

A judge in Milan has ordered the current and former CEOs of the Italian oil giant Eni to face trial on corruption charges for the alleged payment of bribes over the $1.1 billion sale of one of Africa's richest oil blocks in Nigeria.