Emirates suspends flights to 30 destinations amid Covid-19 pandemic
The carrier will stop flying to Turkey, Jordan, Lebanon, Iraq, Cyprus, Malta and Portugal...
Tag : Middle East
Gulf central banks cut rates to tackle slowdown caused by Covid-19
The Fed recently slashed its interest rates to nearly zero...
Kuwait’s real estate market grows to $12.04 bn in 2019
Number of real estate deals increased by 6.4% to 6765 last year...
How prepared is Oman to levy VAT?
Although the Sultanate’s taxation system is largely unprepared for the implementation of VAT, VAT will benefit Oman’s economy...
DP World sees surge in demand as factories resume operations in China
Dubai-based global port operator DP World has witnessed a surge in demand as factories in China resumed operations, which were earlier shut down due to the coronavirus outbreak, the media reported. DP World claims it is too early to predict the damages done by the coronavirus outbreak, however, they expect to have a clearer picture...
World’s largest desalination plant in the UAE secures $758 mn loan
Operations at the project are expected to begin in 2022...
Adnoc to supply over 4 mn bpd from April as global oil price plunges
The oil giant is also speeding up its original target to produce 5 mn bpd of oil by 2030...
Aramco to increase crude production amid price war
The company will increase production by 300,000 barrels per day...
Etihad Airways to fly its Boeing 987-9 Dreamliner jet to Vienna
Etihad will fly daily to Vienna in Austria from December 1, 2020...
Global oil prices plunge as Saudi-Russia negotiations collapse
Saudi Arabia decides to cut prices by nearly 10%...