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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 adhering to COVID-19 precautionary measures, according to a report issued on Thursday. Only four of
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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 running at some €500 million ($590 million) a month. With demand set to be lower than expected
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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
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US 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
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OPEC+ 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
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
Read MoreIndonesia reports 3,046 new coronavirus cases, 100 deaths
Indonesia reported 3,046 new coronavirus cases on Tuesday, bringing the national total to 200,035, data from the country’s health ministry website showed. There were also 100 deaths in Indonesia overnight, taking the total number to 8,230,
Read MoreSaudi Arabia records 80% COVID-19 case drop in 3-month period
Saudia Arabia has had a massive drop in daily COVID-19 cases since its highest recorded count in June, according to a Ministry of Health spokesman. The country reported almost 5,000 confirmed cases on June 16, the most since it began recording
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