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Middle East airlines lose $100m over Coronavirus

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So far, airline companies in the Middle East, which serves as a connection hub for east-west travel, have incurred losses amounting to $100 million following the outbreak of the Coronavirus, International Air Transport Association (IATA) announced yesterday. “Air ticket sales too, from, and within the Middle East are expected to ...

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14 Saudi oil companies incur heavy losses

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Saudi Arabia’s Capital Market Authority (CMA) has given companies listed on the country’s stock exchange, known as Tadawul, until the end of March to disclose its annual reports for 2019. Local media recently reported that Saudi Aramco – world’s largest oil producer – was yet to announce its business and ...

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IMF Asks Lebanon to Peg Dollar at LBP 1,750 or 2,000

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An International Monetary Fund delegation wraps up Sunday a three-day visit to Lebanon during which it met with senior political and financial officials. “The delegation stressed that the starting point for the solutions should be reforms, topped by the electricity file,” media reports said. “The delegation also asked Lebanese officials ...

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IMF extends visit to crisis-hit Lebanon: sources

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The International Monetary Fund (IMF) will continue meetings with Lebanese authorities on Monday, sources familiar with the process said, extending a visit to provide technical advice that was expected to end on Sunday. The IMF began meetings with Lebanese authorities on Feb. 20 to provide broad technical advice on how ...

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