Pfizer said Friday that a clinical trial of its pill to treat Covid-19 had shown it is highly effective, hailing it is as a big step toward ending the pandemic. 

Pfizer again lifted its 2021 profit and revenue outlook on Tuesday, bolstered by the latest surge in Covid-19 vaccinations, including regulatory approvals for boosters and shots for younger populations.

Iran's foreign minister has tested positive for Covid, local media reported, at a key moment in diplomatic efforts to revive a nuclear agreement with major powers.

Lloyds Banking Group will close a further 48 branches across England and Wales, the British lender said on Wednesday, as it seeks to further cut costs by trimming its physical network.

Owing to the decline in the transmission of coronavirus in the country, the United Arab Emirates has decided to relax the restrictions and permit citizens to take part in weddings and gatherings at home.

Arabian Centres Company (ACC), the Saudi mall operator, is expecting an improvement in the business in the wake of the easing of Covid pandemic restrictions in the kingdom.

The Institute of International Finance (IIF) said that the UAE economy is rebounding from its deepest downturn in decades as oil prices recover and the country’s accelerated vaccination policy has allowed a broad-based reopening of sectors.

Buyers from Middle East have been scouting London for property deals in prime central London, with sales in the first eight months of 2021 surpassing those for the whole of 2020.

There has been a sharp growth in Saudi Arabia’s non-oil private sector in September, the fastest in seven years, according to HIS Markit.

Trade between the United Arab Emirates and Brazil has grown 33 percent in the first eight months of 2021, defying the atmosphere of gloom plaguing the global economy due to the Covid pandemic.

The United Arab Emirates and India have resolved to strengthen ‘the deep economic ties between the two countries,’ while noting the impact of the Covid pandemic on global trade and investment.

The full expo site has opened its doors to exhibitors from almost 200 countries.

As a result of fewer travel restrictions following vaccination and a decline in Covid-19 cases, Dubai has experienced a turnaround in employment and a revival in business. Businesses in Dubai’s travel and tourism industry in August saw the sharpest increases in activity and new work in over two years, according...

The Central Bank of the United Arab Emirates has decided to gradually do away with all the stimulus measures introduced in the wake of the outbreak of the Covid infection in the country.

In his first speech to the UN as president, Biden told delegates that the US had put more than $15 billion towards the global Covid response and shipped more than 160 million doses to other countries.

The forecast for China remained unchanged at 8.5 percent. The growth prospects of Argentina, Brazil, Mexico, South Africa, South Korea and Turkey have also improved. Prospects of Australia, Britain, Japan and Russia were lowered

The Central Bank of the United Arab Emirates has disclosed that there has been an increase in the laundering of money through unlicensed money service providers during the Covid pandemic.

Expo 2020 visitors will need a coronavirus vaccination or a negative PCR test to enter, organisers in Dubai has said. The six-month world fair, featuring exhibitions by 192 countries, is expected to attract more than 20 million international visitors when it opens on October 1 after a year's Covid delay.

The pandemic might have battered other sectors of the world economy, but the shipping industry has raked in revenues not seen since 2008.

Oman has suffered a sharp decline in its total actual revenues, falling a staggering twenty percent to $22.1 billion in 2020.

IATA Travel Pass is a personal secure digital wallet solution that helps travellers understand travel requirements and present their verified travel health credentials. More than 80 airlines have announced trials of the IATA Travel Pass and the app is accepted for entry by a number of governments.

Emirates will restart flights to Saudi Arabia and St. Petersburg in Russia with demand for travel rising as the Covid pandemic restrictions ease in many parts of the world.

The health agency analyzed hospital records from across an area covering around 10 percent of the US population

The United Arab Emirates will slash prices of petrol and diesel from September 1 amid the easing of Covid pandemic restrictions.

Yemen is desperately short of Covid vaccines to inoculate its population, with as little as one percent of its population having received shots.

Residents of Abu Dhabi have been directed to take a booster shot of the Sinopharm Covid vaccine by September 20, six months after taking the second dose of the vaccine.

Multiple studies have shown that full vaccination prevents infection with symptoms and hospitalisation, for both Alpha and Delta variants

Iraq’s populist Shiite leader Moqtada Sadr on Friday reversed his decision to boycott the October elections and said his movement would take part in order to help “end corruption."

Driven by an increase in net loans and return on equity in the second quarter, Saudi Arabian banks are sitting pretty as the region’s economy continued its rebound from the Covid pandemic.

After a year-and-a-half of big film releases placed on hold due to Covid, the CinemaCon trade summit has seen studios show off a glut of forthcoming blockbuster offerings

Emerging countries will bear the brunt of the losses from slow vaccination efforts, according to the Economist Intelligence Unit

Saudi Arabia has lifted the ban on the entry of foreigners from 20 countries, six months after the kingdom declared it to contain the spread of Covid-19.

Majid Al Futtaim, a shopping mall operator in the Middle East, has reported a drop in revenues for the first half of 2021 attributed to the Covid pandemic restrictions.

In a sign of normalcy returning, hotels across the United Arab Emirates (UAE) have reported a significant rise in occupancy rates in the first half of this year.

Saudi Arabia has approved the use of the Moderna Covid-19 vaccine for people aged between 12 and 17. The kingdom's decision was based on the data provided by the pharmaceutical company.

Since the French government made proof of vaccination mandatory to enter cafes and other public places this month, a black market selling fake health passes for hundreds of euros has flourished. Go to the social media app Snapchat, type in "fake health pass" and hey presto.

Emirates has announced that from October 1 it will undo all changes to employee pay structure that it undertook to save the airline from going under last year when Covid swept through the whole world.

Confined to homes for more than 18 months by the coronavirus pandemic, Saudi pupils are all set to be back at school with the Covid paraphernalia of face masks, bottles of sanitizer, in addition to books and notebooks. 

Bahrain has succeeded in lowering its deficit by 35 percent to $1.38 billion in the first half of 2021, compared with the same period last year.

Taking a direct hit from the Covid restrictions, BinDawood, the Saudi supermarket retailer, has reported a 50 percent dip in net profit to $25.33 million for the second quarter of this fiscal.

Covid shows no signs of relenting as ten people died in Saudi Arabia on Friday, and 681 were infected with the virus.

An aircraft loaded with the supplies, which also included 600,000 injection needles, left the UAE for Comoros on Tuesday.

Egypt has received its first shipment of J&J vaccine to inoculate Egyptians against Covid. The Ministry of Health stated that 261,600 doses of the J&J vaccine were received at Cairo International Airport.

Saudi Arabia’s health officials are warning people that Covid-19 was spreading rapidly among unvaccinated in the kingdom.

Iraq is confident about securing a $4 billion dollar loan from the International Monetary Fund (IMF) after it restarted talks with the world’s top lending institution.

Egypt will have Covid vaccines galore as it is set to receive shipments of AstraZeneca’s and J&J’s vaccines next week. The jabs, according to Egyptian Minister of Health and Population Hala Zayed, will be distributed across the country.

Airlines across the world took a heavy beating from the Covid pandemic lockdown, posting on the whole net losses to the tune of $126.4 billion during 2020.

The UK government announced on Thursday that the UAE will be moved from the red to the amber list, as the situation in the country has improved. Bahrain, India and Qatar were also moved to the amber list, according to a statement issued by the UK Government.

With the government having made clear that only fully jabbed students aged 12-18 would be allowed to attend classes during the new academic session, Saudi Arabia is urging students to make appointments for taking the vaccine.

With the delta variant of the coronavirus striking most parts of the Middle East and North Africa region, Morocco, battling a surge in the infections, has decided to lengthen its night curfew.