The 13 core members of OPEC find themselves at a crossroads. After the drastic output cuts they agreed to in the spring of 2020 in reaction to the plunge in demand caused by the coronavirus pandemic, the member states of the alliance are once again producing at pre-virus levels --...

As people are freed from pandemic lifestyles that had them relying on the internet for shopping, playing, working and learning, inflation is pushing up prices and Covid-19 is causing temporary shutdowns of factories in China relied on by tech firms.

The company's earnings jumped on strong sales of Covid19 products.

The profits rose despite 60 percent hike in fuel costs.

Profits were $476 million compared with just $19 million in the year-ago period.

The North African country has seen its economy crippled by a crisis exacerbated by the coronavirus pandemic and the war in Ukraine, which has sent public debt soaring.

The European Central Bank will raise its interest rates on Thursday for the first time in over a decade, but the bank is already under pressure to do more amid record inflation.

The airline expects to book an operating profit of "between $352m and $403m.

After two years of closure, nine border crossings between Tunisia and Algeria reopened at midnight on Thursday. The decision to reopen the crossings was announced by Algeria's President Abdelmajid Tebboune to his Tunisian counterpart Kais Saied, on July 5, during Algiers' independence day celebrations.

The sector also saw a decline of 25 percent of its Gross Value Added in 2020. However, while most of the sector suffered a sharp decline, online publishing and audiovisual platforms experienced growth due to increased reliance on digital content during the pandemic, the joint report highlighted.

The safe-haven yen also picked up following news of Japan's former prime minister Shinzo Abe being shot during a campaign rally.

Global trade hit a record high of $28.5 trillion in 2021, with more growth expected in 2022. The future also promises growth due to a new era of multilateralism, supported by regionalization, trade in services, innovation and sustainable trade, which would counter global recession, according to 'The Future of Trade 2022'...

Israel's health ministry approved Pfizer and Moderna Covid-19 vaccinations for its youngest children, an official said Tuesday, mirroring a move by the US to allow mRNA shots for those over six months old.

Adding to the uncertainty was a fresh flare-up of coronavirus cases in parts of China that has seen some cities locked down as part of officials' zero-Covid policy.

An IMF team said in March that the country faced "major structural challenges", with low growth and investment, along with high unemployment and gaping inequality.

Another sandstorm has darkened Iraqi skies and it's hard to breathe, but Baghdad motorcycle delivery rider Milad Mitti doesn't have the luxury of missing a day's work. Like most people in the now blistering hot desert country, the 30-year-old battles on in frustration, wearing goggles and a grey neck warmer...

White-robed worshippers from across the world have packed the streets of Mecca as Islam's holiest city prepares to host the biggest hajj pilgrimage since the coronavirus pandemic.

Airlines cancelled several hundred US flights Saturday at the start of a long and almost certainly messy holiday travel weekend as carriers struggled to staff their planes.

Persistently high food inflation will continue to erode households spending power, reducing discretionary spending, and contributing to the stagnation of global GDP. At the same time, persistently high food inflation will reduce and delay the fall in headline inflation, the Qatar National Bank report said.

Etihad Airways and Abu Dhabi International Airport are preparing to welcome 2.7 million network passengers over the summer months, following a surge in demand for global travel. Over 1.4 million passengers will depart from Abu Dhabi International Airport, including 330,000 local joiners, with more than 1,100 weekly network-wide departures. Mohammad...

The WHO voiced confidence Tuesday that hosts Qatar would successfully manage the Covid-19 risks at the 2022 football World Cup.

The sector, according to a KPMG report, scores low on customer satisfaction due to operational issues, lack of timely support, long waiting times and lack of feedback.

Chinese President Xi Jinping will attend a ceremony in Hong Kong celebrating 25 years of the city's handover to China, state media Xinhua News Agency reported on Saturday. Xi will also attend the inauguration of the next Hong Kong administration, Xinhua said, in a trip that would mark his first...

Muslims during Eid Al Adha traditionally buy a whole sheep to be slaughtered and distributed among friends, family, and the poor.

ExxonMobil has taken a 6.25 percent stake in the expansion of Qatar's North Field, which contains the world's biggest natural gas reserves.

Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry's return to profit is "within reach" in 2023 despite ongoing uncertainty, the International Air Transport Association said on Monday. Industry losses are expected to drop to $9.7 billion this year, a "huge improvement"...

At the beginning of the pandemic, Saudi Arabia imposed a rule against all foreign travel, and as of last month 16 countries including Turkey were still off-limits to Saudi citizens.

Hazmat-suited workers poke plastic swabs down millions of throats in China each day, leaving bins bursting with medical waste that has become the environmental and economic levy of a zero-Covid strategy.

The international arrivals in Qatar exceeded 166,000 people in May, making it the month with highest number of visitors in 2022. Qatar Tourism said that unique events in the previous months like ‘Eid in Qatar’ were also a reason for large influx of visitors in Qatar. The figures represent more...

Federal Reserve Governor Christopher Waller on Saturday threw his support behind another large interest rate increase next month. The Fed on Wednesday announced the biggest hike in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points to rein in scorching inflation.

Desperate to put the coronavirus pandemic behind them, airlines will hold talks on Sunday ahead of a potential summer of chaos with shortages and strikes that could threaten their recovery. While trade is roaring back to life, representatives from the aviation sector meeting for three days in Qatar have a...

The profit result was "200 percent above its highest annual historical profit".

The painful combination of chronic 1970s-style inflation and a shrinking economy means that you might need to rebalance your investments, warns Nigen Green, the CEO of deVereGroup, an independent financial advisory, asset management and fintech organization. The warning from Green comes as global stock markets are tanking as investors fret...

The WTO is hoping to keep criticism of Russia's war in Ukraine to the first day of talks, when many of the more than 100 ministers due to attend are expected to issue blistering statements.

Morocco has refused entry to passengers on a German cruise liner after some tested positive for Covid-19, Moroccan media reported Wednesday. The Mein Schiff Herz, owned by German tourism giant TUI and capable of carrying 1,900 passengers plus crew, had been meant to dock in Tangiers on the Gibraltar Straits...

The vote just over two years after he won a landslide general election victory was brought after a string of scandals that have left the Tory party's standing in tatters.

Apple opened Monday its first in-person developers conference since the onset of the pandemic with chips, maps and a way to delete precipitously sent messages, but was mum on any virtual reality offerings. The tech giant touted new features and capabilities being built into the operating systems running iPhone, Apple...

Morocco on Sunday begins welcoming an influx of its citizens living in Europe after the pandemic led to a halt in what has been called one of the world's biggest cross-continental migrations. The last such effort in the summer of 2019 saw 3.3 million people and more than three quarters...

Saudi Arabia aims to triple foreign tourism this year as pandemic restrictions ease, hajj pilgrims return and the first elements of the crown prince's signature projects open, its tourism minister told AFP Sunday. The kingdom inaugurated tourist visas in September 2019, just months before the coronavirus pandemic decimated the industry...

Bollywood's brightest stars will gather in Abu Dhabi on Saturday as the Indian Oscars return for the first time since the pandemic shuttered cinemas and turned audiences on to streaming. Host Salman Khan and actor Aishwarya Rai Bachchan will be among the A-listers at the International Indian Film Academy Awards...

Turkey's inflation climbed to its highest level since 1998, hitting an annual 73.5 percent in May, official data showed Friday, an issue dogging President Recep Tayyip Erdogan ahead of elections next year. Critics have blamed the country's economic woes on Erdogan's unorthodox economic policy of pushing for lower interest rates...

Restaurants and hotels that were decimated due to Covid-19 showed a strong recovery in May, adding 84,000 positions, the data showed.

President of the bank Dr Muhammed Al-Jasser, who was speaking at the 16th World Bank Forum, on Islamic Finance, said that more than half a billion people around the world who have fallen under the poverty line during the pandemic.

Major oil producers led by Saudi Arabia and Russia on Thursday decided to open taps wider than expected amid soaring prices and hard on the heels of an EU ban on Russian oil imports. Analysts had expected OPEC+ producers to stick to their policy of modest output increases, as they...

The global shortage of critical semiconductors is likely to last at least through next year and perhaps longer, US Commerce Secretary Gina Raimondo warned on Tuesday.

The measures adopted by Qatar’s government and Qatar Central Bank proved decisive in countering the negative impacts of pandemic and achieving economic recovery, CEOs of multiple Qatari banks said. They were speaking during their participation in the Euromoney’s Qatar Conference 2022, which began Sunday, according to Qatari media reports. The...

The Reskilling Revolution initiative, a coalition of 50 CEOs, 25 ministers and 350 organizations committed to realizing these gains for their economies, societies and organizations, marked two years of progress at the World Economic Forum Annual Meeting 2022 in Davos.

The London-based think tank InfluenceMap analyzed advertisements and declarations by the companies in the weeks before and after Russia's invasion of Ukraine on February 24.

Tedros Adhanom Ghebreyesus, the first African to head the WHO, was re-elected on Tuesday, tearfully accepting a second term as he recalled his humble upbringing as "a child of war" and pleading for peace.

Although the number of female STEM graduates is high in GCC, this couldn't translate into proportionate increase in workforce, says Christine Harb from Global Brand Council at VISA.