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Italy considers extending COVID-19 emergency until Jan. 31
ROME: Italy is considering extending until Jan. 31 next year its state of emergency over the COVID-19 crisis, two national newspapers said on Thursday. The emergency, set to expire in mid-October, gives the government greater powers, allowing
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Saudi Arabia looks to cut spending in bid to shrink deficit
Saudi Arabia plans to reduce spending next year by about 7.5 percent to SR990 billion ($263.9 billion) as it seeks to reduce its deficit. This compares to spending of SR1.07 trillion this year, it said in a preliminary budget statement. The
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Gulf financial resilience to help ‘difficult’ recovery
DUBAI: The Gulf region is expected to face a difficult recovery from the economic shock of the coronavirus disease (COVID-19) pandemic, but general financial resilience can be expected to mitigate the pain for its major economies. That was
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Few COVID-19 violations in Saudi Arabia's Eastern Province, municipality finds
DAMMAM: The Eastern Province municipality has carried out almost 400 inspections to ensure that commercial establishments in the province are
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Lufthansa to cut more jobs as it loses €500m a month
Lufthansa said Monday it will slash more jobs on top of 22,000 previously announced cuts and put more planes out of service with current losses
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Saudi Arabia reports 27 COVID-19 deaths, 492 new cases
Saudi Arabia recorded 27 new coronavirus deaths on Monday, bringing the total to 4,512 since the pandemic emerged. The Ministry of Health said the
Read MoreUS to surpass grim milestone of 200,000 COVID-19 deaths
The death toll from the spread of coronavirus in the United States was approaching over 200,000 lives on Monday, more than double the number of fatalities in India, the country reporting the second-highest number of cases in the world. The United
Read MoreOPEC+ panel to meet amid oil price decline
OPEC and allies, led by Russia, are scheduled to hold an online meet on Thursday to discuss compliance with their agreed output cuts and demand trends amid falling oil prices and a faltering economic recovery outlook. A panel of key producers
Read MoreCrunch meeting of oil alliance over cuts in output
Energy ministers from OPEC+, the oil alliance led by Saudi Arabia and Russia, are preparing for a crucial meeting on Thursday amid signs that the recovery in global oil markets is slowing down because of a resurgence in the COVID-19
Read MoreOil slides 5% to lowest level since June on demand fears
Oil slid 5 percent to below $40 a barrel on Tuesday, its lowest since June, over concerns that a demand recovery could weaken as coronavirus infections flare up around the world. Coronavirus cases rose in 22 of the 50 US states, a Reuters
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