Dubai will allow the full reopening of malls and private businesses starting Wednesday, its media office said, after the gleaming United Arab Emirates business hub began easing restrictions last month.
Iraq will further cut its oil output and remains committed to the OPEC+ deal, finance minister and acting oil minister Ali Abdul Ameer Allawi said on Twitter.
Qatar Petroleum (QP) said Monday it has signed agreements with South Korea's "Big 3" shipyards to secure more than 100 ships costing more than 70 billion Qatari riyals ($19.23 billion).
Iraq sold fewer than 100 million barrels of crude in May, its oil ministry announced Monday, but recovering prices saw it rake in more revenues than the previous month.
Terraces throughout the Netherlands filled quickly Monday as bars and restaurants were allowed to open for the first time in almost three months on a sunny...
Emirates' outgoing President Tim Clark Monday said it could take the state carrier up to four years to resume flying to its entire network that has been...
The Palestinian economy could shrink by as much as 11% in the coming year as the coronavirus pandemic inflicts yet another blow to the Palestinian Authority's...
Emirates airline has laid off trainee pilots and cabin crew, according to two company sources, while the Dubai-based carrier said on Sunday it has had to let...
The Syndicate of Money Changers in Lebanon Friday set the daily exchange rates for the dollar against the Lebanese pound slightly lower for the third day in a...
The Syndicate of Money Changers in Lebanon Thursday set new exchange rates for the dollar against the Lebanese pound for a second day in a row in a bid to...
Airbus is ready to sue airlines that refuse to honour contracts to take aircraft, its chief executive was quoted Friday as saying, raising the stakes in a...
US senators will announce a bill this week expanding sanctions on Russia's Gazprom-led Nord Stream 2 project, Senate aides said, targeting a pipeline...
Egyptian hotels operating with a new reduced occupancy rate of 25 percent to contain the spread of the novel coronavirus have almost reached full capacity, a...
State-owned Kuwait Airways said Thursday it will lay off 1,500 expatriate employees due to "significant difficulties" caused by the coronavirus pandemic.
In Iraq, a national lockdown to halt the coronavirus pandemic has found some unexpected fans: local businesses who no longer have to compete with Turkish,...
Financial fallout from the coronavirus crisis could hasten mergers or retreats by some of Turkey's private and foreign-owned banks, ceding more ground to...
Owners of $1.2 billion in debt issued by Etihad and other airlines it partly owned have given the struggling Abu Dhabi carrier an ultimatum to agree to a...
Kuwait and Saudi Arabia are to suspend oil production from the neutral zone they share in June as part of cuts they agreed to shore up prices, a Kuwaiti...
Turkey secured a tripling of its currency-swap agreement with Qatar to $15 billion, the central bank said Wednesday, providing some much-needed foreign...
Running a restaurant in Dubai, where a discerning international clientele has more than twice as many dining options per head as in New York, was a cut-throat...
Emirates Group plans to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, reducing employees by about 30 percent from more than 105,000 at...
Even as U.S. sanctions, unemployment, inflation and low oil prices batter the Iranian economy, there seems to be at least one refuge for investors.
Turkey's relatively low debt levels and experience at riding out financial market turbulence is helping its credit rating withstand the country's current...
Arab stock markets plunged almost a quarter in value in the first three months of 2020 due to the coronavirus pandemic and the collapse in oil prices, a U.N....
Egypt is in talks with the International Monetary Fund for a second bundle of financial support after receiving nearly $2.8 billion in emergency financing,...
Turkey could be heading for another financial crunch but its diminished importance for investors in developing economies and changes in the sector have...
Egypt has received $2.77 billion in emergency financing from the International Monetary Fund, its state news agency reported Tuesday, citing a senior central...
The coronavirus outbreak has not stopped oil production in Iran, the official IRNA news agency quoted Oil Minister Bijan Zanganeh as saying Tuesday.
Energy giant Saudi Aramco on Tuesday reported a 25 percent slump in first-quarter net profits due to low oil prices, saying the coronavirus crisis will dampen...
Saudi Arabia has directed national oil company Aramco to cut its crude oil production for June by an extra voluntary amount of 1 million barrels per day, on...
Gulf aviation giant Emirates said Sunday it would take at least 18 months for travel demand to return to "a semblance of normality", despite reporting bumper...
Turkey's lira hit a record low against the US dollar Thursday as traders worried over the impact of the coronavirus crisis on the Turkish economy and Ankara's...
Saudi government dollar bonds posted losses in early trade Monday as investors absorbed the finance minister's comments that the country would take strict and...