LONDON: Irish no-frills airline Ryanair said yesterday that it sank into the red in the first half of its financial year due to the coronavirus fallout and warned of more losses to come. 

DUBAI: If you had asked Israeli businessman Yehonatan Ben Hamozeg earlier this year where he’d be pitching his palm tree saving technology in October, there was no chance he would have said the United Arab Emirates. 

KUWAIT: Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that KFH has, by the grace of Allah, reported net profit of KD 101.2 million until end of Q3 of 2020 for KFH shareholders; a decrease of 46.9 percent compared to the same period last year.

KUWAIT: Kuwait registered 759 new coronavirus (COVID-19) infections yesterday, raising the total to 127,293, the Ministry of Health announced. Deaths reached 786 with the addition of four fatalities. 

DUBAI: The cabinet of the United Arab Emirates approved a smaller federal budget for 2021 in a sign that the country is curbing expenditure amid the coronavirus crisis and lower oil prices. 

AMMAN: As COVID-19 swells the ranks of unemployed women in the Arab world, surging demand for digital skills could help many of them find work in a region where only one in four women has a job. 

DUBAI/BAGHDAD/LONDON: Gulf OPEC producers the United Arab Emirates and Kuwait, as well as Iraq, are debating whether they should roll over existing oil supply cuts into 2021, as they struggle to stick to their agreed reductions, OPEC and industry sources said.

Global Foreign Direct Investment (FDI) dropped 50 percent to USD 364 billion in the first six months of 2020 compared with the second half of 2019 due to the economic and financial impact of COVID-19, the Organisation for Economic Cooperation and Development (OECD) said on Friday.

A new report from the Public Authority for Combating Corruption (Nazaha) reveals that ‘whistle-blowers’ in public sector entities and private firms have been using social media platforms to tip-off the Authority on corruption and other wrongdoing in their enterprises.