Dubai carrier Emirates Airlines announced Saturday it would suspend flights to dozens more cities, taking its total route closures past 100, in a bid to forestall the spread of coronavirus. The United Arab Emirates on Friday announced its first two deaths from the disease. Total...

Russia and Saudi Arabia have good relations when it comes to oil markets and Moscow does not need anyone else to intervene, the Kremlin said on Friday, when asked to comment on a statement by U.S. President Donald Trump saying he planned to get involved. Trump said on Thursday he would get...

Oil prices recovered further on Friday, following steep gains in the previous session after U.S. President Donald Trump hinted he may intervene in the price war between Saudi Arabia and Russia at an “appropriate time”. Prices were also supported by United States’ plans to buy up to 30...

Saudi Arabia announced 50 billion riyals ($13.3 billion) in budget spending cuts after the crash in oil prices and the coronavirus outbreak wreaked havoc on its public finances. As the kingdom doubled down in its price war with Russia, authorities signed off on expenditure reductions...