#US

Israel-Gaza conflict intensifies as global diplomatic efforts continue

The US dispatched an envoy to the region and Egypt and Qatar sought to help broker a truce

joshua jahani

Why the GCC is emerging as a hub for global cross-border deals

With the region improving its status as a global trade hub, it is attracting more and more cross-border deals with countries such as the US, according to investment firm J&A

Johnson & Johnson Vaccine Administered At Colorado Fire Department

US recommends pausing J&J vaccinations on clotting concern

As of April 12, more than 6.8 million doses of the vaccine have been administered

Mubadala discusses GlobalFoundries IPO at $20bn value

Technology companies have already raised $20bn in US IPOs this year

Oil bounces back as US supply report hints at demand revival

A US inventory report showed domestic fuel consumption is at the highest in four months

Sheikh Nawaf

Kuwait’s Emir travels to Europe after medical check-ups in the US

Sheikh Nawaf Al-Ahmad Al-Sabah travelled to the US on March 4

DP World, China Harbour vie for roles in Sudanese ports

DP World has expressed interest in developing the southern terminal at Port Sudan

Dubai’s Emirates to resume flight operations to Newark via Athens

The daily service will commence from June 1, 2021

Brent oil passes $65 with US crisis now a global supply shock

More than 4 million barrels a day of US oil output is now offline

UAE aviation regulator clears Boeing 737 Max to fly again

Local airlines must first provide a plan for bringing the plane back safely

Qatar Airways adds flights to Africa as carrier expands network

Its network currently stands at 120 destinations, with plans to reach 130 routes by the end of March

US, UK condemn air attack on Riyadh which ‘targeted civilians’

Saudi Arabia said it had “intercepted and destroyed a hostile air target going towards Riyadh” on Saturday

US elections: Biden arrival in Washington ahead of inauguration framed by heavy security

Outgoing President Donald Trump doesn’t plan to invite the Bidens to the White House before the inauguration

Qatar wealth fund plans Asia push to diversify from Europe, US

The wealth fund holds stakes in some of the world’s top companies

Gold near eight-week high as Covid angst fires up haven demand

Spot gold added as much as 0.1 per cent to $1,945.67 an ounce, the highest since November 9

Gold heads for best close in six weeks

Bullion is set to post the first monthly gain since July after a run of losses prompted by the development of effective coronavirus vaccines

Covid-19 impact: How the pandemic wreaked havoc on airlines in 2020

Even with a vaccine that may bring back air travel around the corner, carriers face a desperate few months

Oil slips with new coronavirus strain threatening fuel demand

More than 40 countries are restricting flights and effectively isolating the UK

Aster Medcity in Kochi, India

Dubai-based Aster expands into the Caribbean with Medcity project in Cayman Islands

Aster will initially develop a 150-bed tertiary and quaternary care hospital, with plans to bring in medical tourists from the US

Oil falls below $48 with virus mutation raising lockdown risks

The mutation comes as vaccines are being rolled out in several countries and as the US closes in on a stimulus plan

Pfizer vaccine

UK clears Pfizer-BioNTech Covid vaccine ahead of US, EU

The UK regulator, the Medicines and Healthcare Products Regulatory Agency, said the vaccine “met its strict standards of safety, quality and effectiveness”

G-20

Leaders at the Saudi-hosted G20 summit to pledge to ensure fair distribution of vaccines

The battle to counter the pandemic dominated the first day of a virtual summit of G20 nations on Saturday

Moderna Covid vaccine

Moderna’s Covid vaccine found 94.5% effective in early analysis

A first analysis of data from more than 30,000 volunteers showed Moderna’s vaccine prevented virtually all symptomatic cases of Covid-19

Bahrain’s Investcorp sells eight US properties for over $900m

The properties were garden and townhome-style apartment buildings located in major metropolitan areas

Democratic Presidential Nominee Joe Biden Addresses The Nation As Election Count Continues In Few Key States

Biden predicts victory as lead over Trump grows in key states

On Friday, the Democratic nominee overtook Trump to claim a slim advantage in Pennsylvania, where a victory would push him past the 270 Electoral College votes needed to win the presidency

Amazon to let employees work from home through June 2021

The Seattle-based company had previously said workers could stay home until early 2021

Bahrain, Israel sign historic joint communique to establish diplomatic relations

Bahrain became the second Gulf nation to establish full diplomatic relations with Israel

Israel’s cabinet approves UAE pact as leaders plan meeting

No date or venue was given for the leaders’ meeting

Bahrain

Bahrain launches 10-year multiple-entry visa for US citizens

The visa allows for a stay of up to 90 days during each visit to the kingdom

KUWAIT-HEALTH-VIRUS-ECONOMY

Kuwait Central Bank denies plan to devalue, stands by peg

Kuwait is the only country in the six-member Gulf Cooperation Council that links its currency to a basket dominated by the US dollar, while the others are linked solely to the greenback