Demand is down about 15 million to 20 million barrels a day and will shrink further with India’s decision to go into lockdown
A chronograph makes its way into Jaquet Droz’s Grande Seconde collection for the very first time
The volume of infrastructure deals has increased to $73bn so far this year, more than the $68bn of transactions announced during the first quarter in 2019
Income losses for workers are estimated between $860bn and $3.4 trillion by the end of 2020
The move follows a similar announcement by the US Federal Reserve
The measures will be in force until March 31 and will be reviewed subsequently
There will be a four-day grace period for Lebanese citizens to return from the countries on the list before the ban comes into effect
Saudi also extended travel bans to 14 countries, including UAE, Oman and European nations
Goldman Sachs warns that prices could drop to near $20 a barrel
The acquisition would increase OMV’s holding in Borealis to 75 per cent, while Mubadala would maintain a 25 per cent stake
Sea- and air-borne trade will continue as long as personnel and goods involved have the necessary paperwork from their originating countries
West Texas Intermediate futures for April delivery fell 40 cents to settle at $46.78 a barrel on the New York Mercantile Exchange
GKSD Investment Holding SA approached Abu Dhabi’s Mubadala Investment Co. about becoming an equity partner
The shipment included gloves, surgical masks and laboratory diagnostic kits
The other coronavirus patient travelled from Italy
NMC’s shares have been in free-fall since a December report by Muddy Waters Capital LLC
The low-cost carrier will focus on establishing routes to markets in which Wizz Air has existing, high growth operations
Saudi Aramco seeks to acquire a 70 per cent stake in SABIC for $69.1bn
Previously issued tourist visas to residents of these countries will also be temporarily suspended
The list features prominent Arab business veterans and personalities from across industries who are making an impact
As the Covid-19 continues to spread, airlines have stepped up normal cleaning procedures to limit the risk of contamination
Boeing has repeatedly missed targets for re-certifying the Max, grounded since March after two fatal crashes
Falling reserves and inflows have led to a shortage of foreign exchange in Lebanon, disrupting the financial system
The new strain of the coronavirus that reportedly emanated from a food market in China has morphed into an international contagion
He became Egypt’s longest-serving ruler in more than 150 years before being forced from office by a popular uprising in 2011
The country has already suspended all flights to and from China, with the exception of Beijing
Around 250 people inside a seminary in Qom were believed to have been quarantined on Monday
Egypt’s second-largest state-owned lender will use the debt to finance small-and-medium-size enterprises, among other purposes
Central banks in Indonesia, Mexico, Turkey and South Africa have cut rates this year
S&P Global Ratings cut the country’s long-term foreign currency rating to CC, following a similar reduction by Moody’s Investors Service to Ca