An OPEC+ technical panel warned that a rise in Covid-19 cases in some countries may curb crude oil demand despite signs of economic recovery and initial indications of a decline in oil stocks, according to an internal document seen by Reuters on Thursday.
Dubai state carrier Emirates Airline will serve all of its 143 destinations by summer next year, with the frequency of flights depending on demand, the company’s chief operating officer said this week.
OPEC crude oil producers and allies such as Russia, a grouping dubbed OPEC+, meets today to review compliance with oil cuts meant to support oil prices amid the COVID pandemic.
The United Arab Emirates’ peace deal with Israel is a “win-win solution” that takes away the “looming threat” of annexation in the West Bank, according to the minister of state of Gulf Country for foreign affairs.
Non-oil private sector of Dubai was steady in June, the first time it did not contract since February, a survey showed on today, after the emirate lifted many restrictions to stem the spread of the new Covid-19.
Passenger travel through Dubai International Airport, one of the world’s largest travel hubs, dropped by a fifth in the first quarter of the year as lockdowns and border closures triggered by the COVID-19 pandemic dealt a hammer blow to global travel.
Governments throughout the GCC — a group of countries in the Middle East that includes Bahrain, Saudi Arabia, Qatar and the United Arab Emirates — have enacted some of world’s strictest measures, including suspending passenger flights and imposing curfews on citizens to put brakes on the number of new cases of coronavirus that currently total over 2 million (2,064,115) globally, according to Johns Hopkins University data.