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UAE doubles stimulus to counter coronavirus impact
Apr 05, 2020
ABU DHABI — The Central Bank of the United Arab Emirates (CBUAE) said on Sunday it has doubled to $70 billion a stimulus package to support the Gulf state's economy amid the coronavirus pandemic.       "The aggregate value of all capital and liquidity measures adopted by the CBUAE since 14 March 2020 has reached 256 bi ...
Iran to restart 'low-risk' economic activities soon
Apr 05, 2020
TEHRAN — Iran said on Sunday it will allow "low-risk" economic activities to resume f ...
Oil price barrels ahead as OPEC flags meeting
Apr 04, 2020
The price of crude oil surged again on Friday after the Organisation of the Petroleum ...
As prices fall, what are the threats to oil giant Iraq?
Apr 02, 2020
 BAGHDAD — As crude prices plunge, Iraq's oil sector is facing a triple threat that has slashed revenues, risks denting production and ...
Oil rebounds on hopes of US intervention to end price war
Apr 02, 2020
SINGAPOR — Oil rebounded strongly in Asian trade on Thursday on hopes for a US intervention to end a Saudi-Russia price war.  &nbs ...
Xerox ends hostile bid to buy HP
Apr 01, 2020
SAN FRANCISCO — Xerox on Tuesday dropped its unwelcomed bid to buy computer and printer maker HP for about $36 billion, blaming market turmo ...
Dow ends quarter on weak note while European stocks gain
Apr 01, 2020
NEW YORK — Wall Street stocks closed a historically bad quarter on a weak note on Tuesday, while European and Asian bourses gained following ...
Oil down in Asian trade
Apr 01, 2020
SINGAPORE — Oil fell in Asian trade on Wednesday as a rally lost steam with Saudi Arabia flooding the market with crude and the escalating c ...
UK supermarkets see busiest month
Mar 31, 2020
LONDON — Britain's supermarkets experienced their busiest month on record in March as the coronavirus outbreak saw shoppers empty shelves, i ...
IMF secures loans from members to bolster lending
Mar 31, 2020
WASHINGTON — The International Monetary Fund (IMF) said on Tuesday its members have agreed to renew arrangements ensuring the fund has lendi ...
Huawei posts strong growth but warns 'most difficult year' ahead
Mar 31, 2020
SHANGHAI — Huawei said on Tuesday it had sustained solid growth in its global businesses in 2019 despite a US campaign to isolate the Chines ...
Stocks, oil prices slide on shattered demand
Mar 30, 2020
LONDON — World stock markets mostly tumbled and oil prices plunged on Monday despite fresh Chinese and Australian stimulus to shore up an ec ...
Saudi Arabia to raise oil exports to record levels as price war rages
Mar 30, 2020
RIYADH — Saudi Arabia said on Monday it will raise its oil exports to a record 10.6 million barrels per day starting from May, escalating a ...

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