Saudi Arabia aims to pump just under 7.5 million barrels a day in June, compared with an official target of about 8.5 million a day
The death toll in Saudi Arabia and the UAE has risen to 255 and 201 respectively
Kuwait imposed a 24-hour curfew on Friday for the next 20 days to contain the spread of the pandemic
Only essential private sector activities will be permitted during the lockdown
The death toll in the UAE and Saudi Arabia has risen to 165 and 219 respectively
The death toll in Saudi Arabia reaches 200
Since the outbreak, Saudi Arabia has reported a total of 28,656 Covid-19 cases
Last year, Kuwait Finance House offered to buy Ahli United Bank in an all-share deal that was valued at about $8.8bn
The initiative, which was in place from April 1-30, permitted residency violators to leave the country without paying any fines
The company has about $100m in cash reserves and isn’t currently talking to banks about financing or seeking government aid
The death toll in the UAE and Saudi Arabia has risen to 105 and 162 respectively
Since the outbreak, Saudi Arabia has reported 21,402 Covid-19 cases, while in Kuwait, 3,740 people have contracted the virus
The average mobility reduction for the GCC region during Q1 2020 was 34.1 per cent
MP Safa Al-Hashem claimed several expats present fake contracts stipulating high salaries as a means to obtain a driving licence
Chicago-based Boeing has struggled since the Max crashes, which were blamed on faulty flight control software, inadequate flight manuals and lax regulation
The listing, scheduled for April 19, has been postponed until further notice
The amnesty scheme allows residency violators to leave the country without paying any fines
The country reported 78 new cases of the coronavirus on Tuesday, taking the total number of cases to 743
By law, 10 per cent of state revenue is annually transferred into the Future Generations Fund, which invests abroad and has adequate liquidity to meet any requirement
The measures will be in force until March 31 and will be reviewed subsequently
Emirates airline also denied social media reports that it is planning to suspend all flights from March 17
On Friday, oil prices plunged the most since 2008 on signs of a breakdown in the global OPEC+ alliance that helped underpin crude’s recovery since 2014
The Gulf country has strict laws regulating social media activity
A total of 102,280 residency visas held by expats were cancelled between 2015 and 2018
The temperature in the region of Mitribah touched 51.4 degree celsius on Tuesday
The plane “was hit by a sudden impact of a mass of snow passing”, the airline said
The new legislation seeks to increase the annual leave allowance and hike monthly salaries for expats in the private sector
The biggest listed companies in the Gulf region by market capitalisation
Sea levels are expected to rise as strong winds are also forecast to cause low visibility
Safa Al-Hashem is among a group of MPs calling for the country’s foreign population to be reduced