#US

Pandemic travel

Israel to end Covid travel restrictions to several countries including UAE, UK and US

The travel ban was put in place in December as an effort to prevent people infected with coronavirus from entering the country

UAE says it’s suspending F-35 talks with the US

The UAE said it is reassessing the strategic requirements and the costs/benefits of the aircraft

Saudi Arabia raises oil prices for Asian and US customers

Oil slid for a sixth straight week due to the spread of Omicron and the prospect of more barrels coming to the market

OPEC+ warns of response as Biden poised for oil reserve release

The Organization of Petroleum Exporting Countries and its allies will meet on December 2

Shailesh Dash

What to expect from the US equity markets

Investors that identified sectors likely to benefit from the pandemic have enjoyed superior returns, writes entrepreneur and investor Shailesh Dash, who shares his perspective in this monthly column

US backs $650m air-to-air missile sale to Saudi Arabia

The Aim-120 missile is one of the US Air Force’s top air-to-air weapon systems

Oil extends losses as US stockpiles expand before OPEC+ meet

Nationwide US crude inventories increased by 3.29 million barrels last week

New Arcapita venture to invest $2bn in US warehouses

The goal is to grow the portfolio to as much as $2bn in gross asset value across the top 25 US industrial markets

Expo 2020 Dubai pavilions: Uzbekistan, US, Spain, Finland, UK, Oman, Sri Lanka, Brazil

Here’s a list of eight participating country pavilions and their offerings

Saudi ARabia

Saudi hoard of US Treasuries shrinks most since oil-price rout

The kingdom sold $4bn in US government debt, the most in over a year

The US replaces China as world’s biggest Bitcoin miner

At the end of August, America accounted for 35.4 per cent of the global hash rate

Abu Dhabi Alhosn

Abu Dhabi updates green list, adds 27 destinations including US, UK

Last month, the emirate scrapped the quarantine requirement for all vaccinated travellers arriving into Abu Dhabi

Dubai’s Emirates to ramp up operations to US

Starting from October, the carrier will be operating 78 weekly flights to 12 destinations in the US

Facebook retools messaging again by adding calling to main app

Facebook also started testing a limited version of Messenger’s inbox in the core Facebook app last fall

Brent oil gains with stocks after worst losing streak since 2018

Asia is set to send excess diesel supplies to Europe and possibly to the US as the delta variant dents demand

Oil heads for longest run of losses since March on virus, dollar

The delta variant has spurred fresh curbs on mobility in many nations including China, harming energy consumption

Abu Dhabi updates travel green list, removes US, Italy and Israel

The green list now includes 28 countries

UAE civil aviation authority says all flights to Afghanistan suspended

Desperate scenes played out on Monday at Kabul’s international airport, the only area still under US control

Taliban set to retake Afghanistan after two decades

The Taliban swept through Afghanistan in a matter of weeks, taking world leaders by surprise as they entered a vacuum created by departing US and NATO forces

Saudi’s Red Sea Farms raises $16m pre-series A funding round

Initial investor group includes Aramco venture Wa’ed, the Future Investment Initiative Institute and KAUST from Saudi Arabia, as well as UAE-based Global Ventures

Gold holds biggest gain in three months

The global economic recovery has piled pressure on bullion this year

Emirates Dubai

Dubai’s Emirates ramps up network to adapt to looser travel restrictions

The airline is restoring capacity on 29 routes including to cities in the UK, US and Africa

Potential hijack off UAE coast ends as boarders leave vessel

The UK Maritime Trade Operations said there was a “potential hijack” roughly halfway between Iran and the UAE on Tuesday

Emirates Dubai Mexico

Dubai’s Emirates partners with Aeromar to expand connectivity in Mexico and the US

Customers can book tickets to fly to and from 12 destinations in Mexico and the US connecting to Emirates’ flights EK 256/255

Oil holds decline as investors track delta’s spread across China

West Texas Intermediate was slightly higher after slumping 3.6 per cent on Monday

Oil

Oil renews decline as US inventories expand, delta spreads

The American Petroleum Institute was said to report an 806,000 barrel gain in US crude inventories

Saudi Aramco

Saudis’ Motiva eyes revival of multibillion-dollar plastics plan

The value of the original project was estimated at $6.6 billion in 2018

Qatar wealth fund builds regional hub in Singapore to diversify

The fund has vowed to invest more in Asia and the US as it pursues growth and diversification after years of substantial investment in Europe

Brent oil extends gain as OPEC+ talks end without supply deal

The global market has tightened significantly over the past few months amid a robust rebound in fuel demand in the US, China and parts of Europe

World’s oldest wealth fund swells to record and cracks the top 3

The Future Generations Fund, managed by Kuwait Investment Authority, has risen to a record of about $700bn