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Business

  • Dubai Airport
Dubai International Airport
Dubai airport passenger traffic could fall by 70% this year
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  • Boycott of French brands
Empty shelves
Kuwait retail co-ops pulls French products off shelves
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  • Syria's fuel crisis
Iran's supplies to Syria have been falling in the past year with tightening sanctions and Tehran seeking cash exports
Syria fuel crisis eases
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  • Etihad
Etihad has become the first Gulf airline to operate a passenger flight to Israel
First commercial passenger flight by UAE carrier lands in Israel
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  • Oil Market
Rising coronavirus infections worldwide are curbing fuel demand
Saudi Arabia, Russia in talks on how to support volatile oil markets
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  • OPEC+
OPEC+ is currently curbing production by 7.7 million barrels per day
OPEC+ to meet on weakening oil demand outlook
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  • Oil Market
There is only limited headroom for the market to absorb extra supply in the next few months
IEA warns second wave of pandemic is slowing oil demand
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  • IEA
Demand for oil is set to fall by 8% in 2020
IEA says pandemic could delay full energy demand recovery to 2025
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  • UAE-Israel trade ties
The UAE is strengthening trade with Israel
Abu Dhabi Investment Office, Israel Export Institute sign cooperation deal
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  • Saudi property sector
Saudi government had in July tripled VAT to 15% to boost non-oil revenues, but the move has limited domestic demand
Saudi Arabia imposes new 5% property tax
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  • Saudi Economy
Saudi Arabia’s economy has been deeply hit by coronavirus pandemic
Saudi economy shrank by 7% in Q2 due to coronavirus
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  • Turkish economy
Coronavirus lockdown brought Turkey's economic activity to a near standstill
Turkey's economy contracts 9.9% in second quarter
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  • Turkish Lira
Turkish lira tumbled 1.5% to a low of 7.79 against the dollar
Turkish lira tumbles to record low
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  • Aviation industry
Muscat International Airport to reopen from October 1
Oman to resume international flights on October 1
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  • Bahrain-Israel ties
Israir Airlines
Israel sends first commercial flight to Bahrain
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  • Turkish Lira
Turkish lira drops against US dollar for the 7th session to a new low
Turkey's lira slides for the 7th day to all-time low
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