Category: Business

UAE residents looking to return to the country must undergo a Covid-19 test and receive a negative result at least 72 hours before departure, according…

View More UAE residents to produce negative Covid-19 test 72 hours before returning

DUBAI: Oil prices surged toward $40 a barrel on Monday as hopes rose for an early agreement to extend the big production cuts agreed by…

View More Oil surges on hopes of new deal on output cuts

استعادت الأسهم السعودية نشاطها التصاعدي في أول جلساتها عقب إجازة عيد الفطر على ارتفاع بنحو 162 نقطة 2.3 في المائة لتغلق عند 7213 نقطة محققة…

View More صعود الأسهم السعودية لأعلى مستوى منذ شهر

Saudi Basic Industries Corp. is suspending new capital expenditure after an oil-price slump and coronavirus-related lockdowns pushed the company into a SAR950m loss ($253m) in…

View More Saudi Arabia’s SABIC suspends all but essential spending

The Ministry of Health in Saudi Arabia took to Twitter to announce 1,645 new Covid-19 cases in the kingdom, spiking the total number of infections…

View More GCC Covid-19 update: Saudi reports 1,645 cases; Kuwait confirms two deaths

RIYADH: Saudi Arabia’s energy minister Prince Abdulaziz bin Salman and his Russian opposite number Alexander Novak issued a joint statement on Thursday and said they were ready to…

View More Saudi Arabia and Russia reaffirm their commitment to cut oil output as agreed in OPEC+ deal

DUBAI: In the oil city of Houston, Texas, in March 2019, US Secretary of State Mike Pompeo was in backslapping mood. Addressing the annual CERAWeek…

View More Has coronavirus ended the era of American oil dominance?

The CEO of Emirates Integrated Telecommunications Company (EITC), Johan Dennelind, has warned of tough times ahead for the provider, who last week announced a year-on-year…

View More Du CEO warns ‘worst is still ahead’ for UAE telco amid Covid-19 crisis

غاب التفاؤل عن التوقعات بتأثير «تدابير الدعم الاستثنائية» التي أعلن عنها الرئيس الروسي فلاديمير بوتين، لمواجهة تداعيات انتشار كورونا على الاقتصاد الروسي. رد الفعل الأبرز…

View More إجراءات بوتين لدعم الاقتصاد تثير جدلاً «حاداً» في روسيا