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Wheat and fuel shortages overwhelm Syria

Dr Khaled was queueing for petrol when he got an urgent call — a patient was bleeding from an artery. Normally, he would drive straight to his hospital in Damascus to help, but leaving now would mean giving up the position he had held for 18 hours in the queue. “If I don’t refill...

Saudi Aramco hires banks for multi-tranche bond deal

Saudi Aramco said on Monday it has hired a group of banks ahead of a multi-tranche U.S. dollar-denominated bond issuance, as the world's largest oil company seeks to raise cash amid lower oil prices. Goldman Sachs, Citi, HSBC, JPMorgan, Morgan Stanley and NCB Capital were hired to arrange...

Emirates airline posts first loss in more than 30 years

Dubai-based Emirates airline on Thursday posted a $3.4 billion half-year loss, its first in more than three decades, saying it had been badly hit by the coronavirus lockdown that brought air transport to "a literal standstill". "In this unprecedented situation for the aviation and travel...