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Business

  • OPEC+
Saudi Arabia has the most spare capacity, followed by Iran and then the UAE
OPEC+ weighs oil output
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  • Mashreqbank
The decision is one of the first reported instances of a bank in the Middle East halting ties to Russia
UAE's Mashreqbank stops lending to Russian banks
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  • Qatar Airways
The counter-offensive is the latest salvo in a months-old contractual and safety dispute between Airbus and Qatar Airways
Airbus in counter-offensive against Qatar Airways
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  • flydubai
United Arab Emirates carrier Flydubai
Flydubai cancels some flights to Russia until March 8
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  • Dubai Airport
The largest share of traffic to Dubai came from India
Dubai airport retains top place as busiest for global travel
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  • Wafa Telecom
Wafa Telecom will offer customers a discount rate of up to 50% until the number of its subscribers reaches 3 million
Syria awards license to third cellular operator
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  • Egyptian Economy
Egypt was one of the few emerging market economies to grow in 2020
Egypt's economy grew 8.3% in Q2 of fiscal year
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  • Aldar
The headquarters of Aldar Properties at Al Raha Beach in Abu Dhabi
Apollo to invest $1.4 billion in Abu Dhabi’s Aldar
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  • Egypt Gas
A plant's gas tanks are seen during sunset along a highway of Alexandria
Egypt natural gas exports set to reach 7.5 million tonnes this fiscal year
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  • Turkey Inflation
The yearly increase in food prices was more than 55%
Inflation in Turkey hits 20-year high of nearly 49%
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  • ADNOC
ADNOC says the discovery came about in partnership with a consortium led by Italy's Eni and Thailand’s PTT Exploration and Production Company Limited
ADNOC announces a new offshore gas find
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  • UK-Israel trade ties
UK trade minister Anne-Marie Trevelyan
UK begins seeking improved trade deal with Israel
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  • Egypt's petroleum industry
The value of crude oil exports jumped 32% to $3.3 billion
Egypt's 2021 petroleum exports revenue increase by 84.3%
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  • OPEC+
OPEC+ expects oil demand to rise to pre-pandemic levels in the second half of the year
OPEC+ seen sticking to policy despite oil price rally
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  • Vision 2030
Saudi Arabia races to diversify its economy from oil, given fierce regional competition
Saudi Arabia launches $6.4 billion investments in future tech
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  • Boeing Co
Boeing said the freighter order would sustain more than 35,000 US jobs
Qatar seals multi-billion-dollar Boeing freighter deal
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