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Germany to lift travel warning for most countries from July

  • BERLIN: Germany will lift its pandemic travel warning for most countries from July 1, Foreign Minister Heiko Maas said Friday, bringing back more normalcy as citizens are increasingly vaccinated against COVID-19. Countries recording infection rates of 50-200 cases per 100,000 people in seven d...

Stocks and oil rebound as investors seek bargains

  • Stocks and oil rebounded on Monday on bargain-buying from last week's blow-out, with traders riding a wave of optimism following pre-weekend Wall Street gains. "Markets enter the new week with some renewed optimism, having ended the previous week's tumultuous ride in positive fash...

Omicron is an opportunity for investors: JPMorgan

  • Turmoil in global equity markets due to the new omicron variant could be an opportunity for investors to rebuild positions, JPMorgan has said.   According to Bloomberg, the American investment bank suggested the latest evolution of the COVID-19 virus might ultimately be a positive f...

IMF likely to lower its global economic growth estimates due to omicron threat

  • WASHINGTON: The International Monetary Fund is likely to lower its global economic growth estimates due to the new omicron variant of the coronavirus, the global lender’s chief said at the Reuters Next conference on Friday in another sign of the turmoil unleashed by the ever-changing pandemic....

Oil prices exceed $70 pushing aside omicron concerns

  • JEDDAH: Oil prices rose to $70 a barrel earlier on Dec. 7, as concerns eased about market demand and as fears of the omicron variant waned, Bloomberg reported. Brent crude futures were up $1.66, or 2.3 percent, at $74.74 a barrel by 1005 GMT, after settling 4.6 percent hig...

Fuel price rises could slow airline industry recovery from COVID-19: IATA

  • Jet fuel price rises are putting pressure on airlines as they cope with suppressed demand caused by the omicron variant of COVID-19, according to a new report from the International Air Transport Association. The IATA has warned the rise in fuel to its highest level since late-2018 could thre...

Airlines say new UK rules cause vacation uncertainty

  • LONDON: Airlines and holiday providers on Friday expressed frustration with the UK’s plans to ease travel restrictions, saying uncertainty about how and when the new rules will be implemented make it difficult for people to book summer vacations. The government on Thursday expanded its “...

Marmum expands distribution of long-life juices across region

  • Marmum Dairy Farm, a subsidiary of Dubai Investments PJSC (DI) and one of the major dairy brands in the UAE, has announced plans to export over 1.8 million liters of its Raha long-life juices across the MEA this year (2014).The new long shelf-life juice line was launched in August 2013 and...

Oman Air signs LoI with DAE for sale, leaseback of new aircraft

  • As Oman Air continues with its fleet and network expansion plan, the airline has signed a letter of intent (LoI) with Dubai Aerospace Enterprise Ltd. (DAE) for the sale and leaseback of two new B737-800 aircraft.The first of the two aircraft was delivered on July 25, and the second is expected to...

At least 2 BlackBerry smartphones to be launched in 2018

  • Building upon the successful global launch of the award-winning BlackBerry KEYone and introduction of BlackBerry Motion more recently to select markets, TCL Communication is preparing for additional portfolio expansion in 2018. This begins with an all-new color variant and dual SIM version of...