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Business

  • Emirates Development Bank
The target is to fund 13,500 new companies
Emirates Development Bank to support vital companies
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  • OPEC+
Saudi Arabia is phasing out its extra voluntary cuts by July
OPEC+ to gradually ease oil output cuts from May
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  • Oil Market
Saudi Arabia has been keeping 1 million barrels a day off the oil market
Saudi Arabia urges caution on oil production levels
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  • Saudi-Turkish trade
Turkish exporters act to ditch 'Made in Turkey' tags
Turkey’s exporters dodging unofficial Saudi trade blockade
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  • Oil Market
Kuwait's Oil Minister called on OPEC+ to the fully comply with oil output cuts
Kuwait cautiously optimistic global oil demand will improve
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  • Suez Canal
Eight tugs are working to move the giant vessel
Blocked ship forces Suez Canal to suspend traffic
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  • Morocco's economy
Bank Al-Maghrib
Morocco's central bank expects economic growth to 5.3% in 2021
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  • Turkish Lira
Turkish lira
Turkish lira nosedives after Erdogan fires central bank chief
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  • Tourism in Morocco
The Museum of Moroccan Judaism in Casablanca
Morocco hopes improved ties with Israel will boost tourism
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  • Unemployment in Turkey
Turkey's unemployment ticked up to 12.9% in the November period
Turkey prolongs lay-off ban by two months
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  • Oil Market
Global oil demand is expected to increase in 2021 by 6.3 million barrels a day from a year earlier
Oil prices press higher after attack on Saudi oil site
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  • Israel's economy
People eat at a restaurant in the Israeli coastal city of Tel Aviv
Israel reopens most of its economy
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  • Travel industry
Prince Abdul Majeed Bin Abdulaziz Airport in Al-Ula
Saudi Arabia approves landing of international flights at Al-Ula airport
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  • WTO
Saudi Arabia presided the virtual G20 summit in November 2020
US urges Saudi Arabia to renounce special developing nation status at WTO
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  • Saudia
Saudia's fleet of 144 aircraft already includes A321, 777 and 787 jets
Saudia plans to order 70 Airbus, Boeing jets
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  • Turkish Lira
The sudden drop in the lira could sap confidence and stall any reversal in a dollarisation trend
Turkish lira slides for fifth straight day
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