Emirates, the largest airline in the Middle East, said Monday it had so far returned $1.4 billion in refunds to customers amid sharply reduced global travel due to the coronavirus pandemic. "Emirates reveals that is has returned over 5 billion dirhams in Covid-19 related travel refunds,"...

Annual trade between Israel and the United Arab Emirates is expected to reach $4 billion, an Israeli minister said Monday. Israel and the UAE announced in August they would normalize diplomatic relations in a deal brokered by Washington. The UAE has since announced it was scrapping an...

First Abu Dhabi Bank plans to restart talks to buy the Egyptian business of Lebanon’s Bank Audi, two sources familiar with the matter said. FAB, the United Arab Emirates’ biggest lender, will have an internal meeting this week to decide on a way to resume negotiations and put in a final...

Oil futures dropped on Friday, with prices on both sides of the Atlantic heading for their biggest weekly declines since June, as lacklustre demand and ample fuel supplies offset support from a weaker dollar. Brent crude LCOc1 fell 33 cents, or, 0.8% to $43.74 a barrel by 0630 GMT. The...