The Gulf carrier will fly from Western Sydney International three times a week, making it the fifth foreign carrier to serve Australia’s newest airport.
The Gulf carrier will fly from Western Sydney International three times a week, making it the fifth foreign carrier to serve Australia’s newest airport.
The Jackdaw gasfield will be given the go-ahead on Wednesday, signalling Andy Burnham’s commitment to the North Sea fossil fuel industry and threatening to trigger a row with climate campaigners and Labour MPs.
Miatta Fahnbulleh and John Healey, the energy secretary and chancellor respectively, will make the announcement from Aberdeen on Wednesday morning after more than a year of deliberations over whether doing so would violate the UK’s climate commitments.
Defence City, Ukraine’s special support regime for arms makers, now has 63 member companies, the Defense Ministry said in a 19 October release. That is more than double the late-May count, and Euromaidan Press calculations show the newcomers are, on average, much smaller firms.
Ukraine already buys most of its weapons at home. More than 75% of its 2025 weapons procurement budget went to domestic manufacturers. Most new weapons models cleared for military use are Ukrainian too: 892 of the 1,000 authorized from the start of 2026 to mid-June. Defence City is meant to turn that demand into more production capacity, and our calculations suggest it is now reaching smaller producers too.
Who is joining
Each resident’s figure in the ministry’s count is its qualified income, meaning revenue from selling weapons and military equipment. Applicants file details of their defense contracts for the previous calendar year with their application, the ministry’s guide shows. So the combined total changes as members join. It does not track month-to-month sales.
The 63 current residents have a combined qualified income of nearly $2.47 billion. At the end of May, 31 residents had $2 billion, the ministry reported. By July, 45 residents had over $2.07 billion, it added.
By Euromaidan Press calculations, the 32 companies added since May bring about $15 million each on average. The first 31 averaged about $64 million each. The math assumes all 31 early members remain, with unchanged figures. If they do, the newcomers are smaller producers on average, because each figure reflects a firm’s own prior-year weapons sales.
What residents get
The profit-tax break comes with a condition. Residents choose where their untaxed profit goes, but it must go to purposes the tax code allows, the ministry explained. If the money goes elsewhere, the break does not apply.
Residents also get customs incentives and state support to relocate plants and better protect production sites. They can rent state property without an auction. They can also ask to restrict access to sensitive information about them in public registries. Some defense export procedures are simplified too.
Resident status also makes a company eligible to be designated critically important to the defense industry. That lets it defer up to 100% of its staff liable for military service from the draft, the ministry noted.
To join, a company must confirm it meets the legal requirements and file an application with supporting documents. By law, the ministry has 10 working days to decide. If approved, a ministerial order grants the status, and the company enters the Defence City register.
TMK Energy’s Declaration of Discovery for its 1.2Tcf Gurvantes XXXV project in Mongolia has been accepted, the first step towards a production licence, ahead of appraisal.
Critical Resources has grabbed its third gold play in Suriname, securing exclusivity over the Gadu Manda project, just 4km from Zijin Mining’s 6-million-ounce Rosebel mine.
Critica Limited’s WA rare earths scoping study has delivered a huge $2.7 billion pre-tax valuation, 56% IRR and $556 million in upfront capital earmarked for a 14-year operation.
The network’s chief international anchor will sign off next year as CNN comes under controversial new ownership after the biggest media deal in history.
More than 160 offshore rig workers plan walkout amid rising tensions between unions and oil companies
North Sea workers are preparing to strike at oil rigs across the ageing basin over the coming weeks in a sign of growing tensions between trade unions and oil companies.
The Unite union said on Monday that more than 160 offshore rig workers would take part in a 24-hour strike from Wednesday that could “severely disrupt” UK fuel supplies.
Kaiser Reef has repaid its Auramet gold loan, a move that boosts its monthly cash flow by about $600,000. The Henty gold mine in Tasmania fully funded the debt.
AI start-up Firmus’ planned public listing wasn’t derailed by its boss’ history. Will a retail chief’s alleged lies denying an affair scupper his shot at a float?
Great Southern has hit high-grade gold in maiden RC drilling near Laverton in WA, with a top hit of 5m at 6.71g/t, including 3m at 10.4g/t, along a 4.7km corridor.
Barkly Rare Earths has expanded its NT rare earths discovery, with new drilling hitting significant intercepts up to 8km from previous results, including high-grade hits up to 4550ppm TREO.
The report from congressional Democrats found that Trump's pharmaceutical stock holdings grew from a maximum reported value of $1.7 million in 2024 to as much as $56.2 million at the end of 2025.
Days after Donald Trump announced a deal to import Russian diesel into the US in an effort to lower soaring pump prices, the world’s energy watchdog has warned that the global fuel shortage will drag into 2027.
Trump’s temporary sanctions reprieve was criticised for offering “too little, too late” to temper the sky high pump prices triggered by the shutdown of war-damaged refineries in the Middle East and Russia – once the world’s second-largest diesel exporter behind the US.
Parliament in Greece has approved a government bill concerning the country’s two major water utilities, EYDAP and EYATH in Athens and Thessaloniki respectively. The bill passed amid strong opposition criticism that the legislation could lead to the privatization of water services. The bill, introduced by the Ministry of Environment and Energy, passed with support from […]
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