Category: Industry

Abu Dhabi leads most Gulf markets higher

Abu Dhabi, Most stock markets in the Gulf ended higher on Wednesday, supported by strong oil prices, with the Abu Dhabi index outperforming the region.   Crude prices, a key catalyst for the Gulf’s financial markets, rose for a fourth day after a fire on a pipeline from Iraq to Turkey briefly stopped flows, increasing concerns about an already tight

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Cabinet Approves Determining Subsidized Goods and their Maximum Prices Decision

The Prime Minister and Minister of Interior HE Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani chaired the Cabinet’s regular meeting held via videoconferencing yesterday. The Cabinet approved a number of decisions on their agenda including: First, a draft cabinet decision on determining subsidized goods, their maximum prices, and the categories of beneficiaries of them. Second, a draft cabinet decision

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Airlines scramble to rejig schedules amid U.S. 5G rollout concerns

Published by Reuters UK By Tim Hepher and David Shepardson (Reuters) – Major international airlines rushed on Tuesday to rejig or cancel flights to the United States on the eve of a 5G wireless rollout that triggered safety concerns, despite two wireless carriers saying they will delay parts of the deployment. The Federal Aviation Administration (FAA) has warned that potential

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