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Economy
Kremlin says ‘important’ global oil deal helped avert market chaos
The Kremlin said on Monday that the global oil output deal clinched by OPEC and non-OPEC countries had helped stop oil markets sliding into chaos and would help support a more or less stable oil price dynamic.
Kremlin spokesman Dmitry…
Etihad to operate special flights to Europe, Japan this month
Abu Dhabi’s Etihad Airways said on Sunday it would operate special flights to Brussels, Dublin, London, Tokyo and Zurich between April 14 and 22.
The United Arab Emirates is permitting a limited number of outbound-only flights for those…
Turkey not planning to make deal with IMF
Turkey is not planning to make an agreement with the International Monetary Fund, a presidential spokesman said on Sunday, as the country eyes funding options to cushion the economic impact of the coronavirus outbreak.
“We do not have…
UAE reduces service fees to support economy
The United Arab Emirates (UAE) Ministry of Economy said on Sunday it was cutting fees for 94 of its services to reduce the cost of business and support the economy amid the coronavirus outbreak.
The decision includes fees related to…
UK pledges 200 million pounds in aid to help stop second coronavirus wave
Britain said on Sunday it was pledging 200 million pounds ($248 million) to the World Health Organisation (WHO) and charities to help slow the spread of the coronavirus in vulnerable countries and so help prevent a second wave of…
World Bank’s Malpass upbeat on prospects for progress on debt relief
World Bank Group President David Malpass on Friday said he was confident of progress on his joint call with the International Monetary Fund for a temporary standstill in official bilateral debt payments by the world’s poorest countries.…
Trump, Putin discuss coronavirus, global energy markets
U.S. President Donald Trump spoke with Russian counterpart Vladimir Putin on Friday about the coronavirus and energy markets, the White House said.
“President Trump and President Putin discussed the latest efforts to combat the…
China’s Wuhan to keep testing residents as coronavirus lockdown eases
China’s Wuhan city, where the global coronavirus pandemic began, is still testing residents regularly despite relaxing its tough two-month lockdown, with the country wary of a rebound in cases even as it sets its sights on normalising the…
Russia, Saudi Arabia overcome differences holding up big oil cut deal: Dmitriev
Russia and Saudi Arabia have overcome differences that had presented potential hurdles to a plan for major oil output cuts aimed at shoring up crude prices hammered by the coranavirus crisis, the head of Russia’s wealth fund said on…
Iraqi oil minister says it’s necessary to determine oil cuts’ limits
Iraqi oil minister Thamer Ghadhban said on Thursday it was necessary to determine the limit of oil cuts, the timeline, the start date of applying the measures and to distribute the shares fairly and equally, a statement from oil ministry…