economy

Saudi Aramco third-quarter profit slumps 44.6% as pandemic chokes demand
Middle East

Saudi Aramco third-quarter profit slumps 44.6% as pandemic chokes demand

DUBAI (Reuters) – Saudi Arabian state oil group Aramco on Tuesday reported a 44.6 percent drop in third-quarter net profit,…
EJB tourism committee President: Egypt recovering despite pandemic, now is the time to rebuild
Economy

EJB tourism committee President: Egypt recovering despite pandemic, now is the time to rebuild

President of the Egyptian Junior Business Association’s (EJB) Tourism and Aviation Committee and businessman Mohamed Kaoud said in a recent…
US death toll from Hurricane Zeta rises to six, millions without power
World

US death toll from Hurricane Zeta rises to six, millions without power

(Reuters) – At least six people were killed in the southeast of the United States and more than two million…
Kuwait says supports any OPEC+ supply decision as 2021 curbs loom
Middle East

Kuwait says supports any OPEC+ supply decision as 2021 curbs loom

DUBAI/BAGHDAD/LONDON (Reuters) – Kuwait said on Thursday it would support any decision made by OPEC and its allies on future…
US economy grew at 33 percent rate in Q3 but recovery is incomplete
World

US economy grew at 33 percent rate in Q3 but recovery is incomplete

WASHINGTON (AP) — The US economy grew at a sizzling 33.1 percent annual rate in the July-September quarter — by…
Gold prices decline in Egyptian market, 21-karat at LE 830
Business

Gold prices decline in Egyptian market, 21-karat at LE 830

Gold prices declined in Egypt on Monday, as the price of 21-karat gold (the market’s highest selling gold) fell by…
Chevron bets on Middle East gas riches and reconciliation
Middle East

Chevron bets on Middle East gas riches and reconciliation

HOUSTON/LONDON (Reuters) – After years of focusing on US shale, Chevron Corp CVX.N is staking its natural gas future on the Middle…
Kuwait retail co-ops remove French products over Prophet cartoon
Middle East

Kuwait retail co-ops remove French products over Prophet cartoon

KUWAIT/PARIS (Reuters) – Kuwait’s retail co-ops have pulled French products in boycott over the use of cartoons of the Prophet…
Bloated public salaries at heart of Iraq’s economic woes
Middle East

Bloated public salaries at heart of Iraq’s economic woes

BAGHDAD (AP) — Long-time Iraqi civil servant Qusay Abdul-Amma panicked when his monthly salary was delayed. Days of waiting turned…
Photographer helps laid-off expats bid goodbye to Dubai
Middle East

Photographer helps laid-off expats bid goodbye to Dubai

DUBAI, United Arab Emirates (AP) — When the coronavirus pummeled Dubai this spring, the maternity and wedding shoots and all…
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