Under Hong Kong's rules, if an airline brings in too many infected passengers on a particular route, it is banned from flying that route for two weeks. Qatar Airways has already been banned five times for that.

The Omicron coronavirus variant will slow the recovery in global demand for oil but the market will be "more comfortable" in 2022, the International Energy Agency said on Tuesday. The oil market "appears to stand on a better footing than it has for some time," the IEA wrote in its...

Beyond property woes and virus fears, all eyes this week are on the Fed, which must carefully calibrate its response between raising rates and pulling the rug from under a tenuous recovery or sticking to the status quo and letting inflation rise even further. Analysts expect the central bank to...

The decision is said to have come at a meeting of Oman’s Supreme Committee tasked with tackling developments resulting from Covid-19.

According to WHO, the existing vaccines might prove less effective against the new Omicron variant as it counts more than 30 mutations on the spike protein that dots the surface of the coronavirus and allows it to invade cells.

Wall Street's main indices climbed at the opening bell, with the Dow rising 1.0 percent.

The bank said it was confident that the global bottlenecks would continue to improve over the coming year. ‘We expect this to reduce the pressure currently being felt by global central banks, enabling them to keep interest rates lower for longer,’ it said.

There had been a spike in the number of children under five admitted to hospital since Omicron emerged.

The OPEC+ alliance led by Saudi Arabia and Russia had so far resisted US-led pressure to significantly boost output to rein in surging energy prices.

Saudi Arabi on Wednesday recorded its first case of Omicron variant infection, in a citizen its health ministry said had come from a North African country. Hours later, the UAE announced it too had detected the strain within its borders, in an ‘African woman arriving from an African country via...

The OPEC+ alliance led by Saudi Arabia and Russia has so far resisted US-led pressure to significantly boost output to rein in surging energy prices.

All travelers flying to Canada need to be tested at the airport upon landing except for the US.

The World Health Organization called Tuesday for countries to keep calm and take "rational" measures in response to the new, fast-spreading Covid variant Omicron, which has sparked global panic.

Bourla likened the situation to the scenario earlier this year when Pfizer and its German partner BioNTech developed a vaccine in 95 days against Delta which ultimately was not used.

Fed chief Jerome Powell has said the new strain could also heighten uncertainty regarding inflation.

The meeting "is shaping up to be one of the most significant since the pandemic demand recovery began, and the key signal will be how much more oil will be added to supply to start the new year," said Peter McNally, an analyst at the Third Bridge think tank.

International tourist arrivals will this year remain 70-75 percent below the 1.5 billion arrivals recorded in 2019, before the pandemic hit, says the UNWTO.

Morocco will halt incoming passenger flights for two weeks starting Monday night amid concern over the spread of a new, heavily mutated Covid-19 variant dubbed Omicron, a government committee said. "The decision has been taken because of the quick spread of the new Covid variant, Omicron, namely in Europe and...

Stock markets across the MENA region suffered losses on Sunday as dip in oil prices and mounting concern over ‘Omicron’ weighed heavily on investors’ minds.

The Omicron variant of Covid-19 has led to travel restrictions, which has forced the WTO to postpone the ministerial conference in Geneva. The WTO hoped the four-day gathering would breathe new life into the organization, which has been stuck for years trying to make progress on resolving issues like fishery...

It has stopped flights to South Africa, Zimbabwe, and Mozambique.

Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday.

WHO says the new variant ‘has a large number of mutations, some of which are concerning.’

The United States and several European countries have taken similar steps, banning travel from at least seven southern African countries. South African Health Minister Joe Phaahla told reporters that he felt some of the reactions to the new Covid-19 variant that was found in South Africa were ‘unjustified.’