economy
Saudi Aramco third-quarter profit slumps 44.6% as pandemic chokes demand
Middle East
November 3, 2020
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
November 2, 2020
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
October 30, 2020
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
October 30, 2020
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
October 29, 2020
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
October 26, 2020
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
October 26, 2020
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
October 26, 2020
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
October 23, 2020
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
October 22, 2020
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…