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Israel sees trade with UAE at $4 billion a year

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...

Virus-hit Morocco locks down Casablanca, shuts schools

Morocco imposed a lockdown on Casablanca and shut its schools Monday, the day they were supposed to reopen after summer, in a bid to stop the spread of Covid-19. The new measures, which include restrictions on movement and a night-time curfew, would be in place for two weeks in the...

Oil skids after Saudi cuts prices, China slows imports

Oil prices were trading down more than 1% on Monday after hitting their lowest since July, as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months and optimism about demand recovery cooled amid the pandemic. Brent crude LCOc1 was at $42.11 a barrel, down 55...

Helicopters rescue over 200 trapped in California wildfire

More than 200 people were airlifted to safety after being trapped by a fast-moving wildfire near a popular recreation area in northern California, officials said Sunday. The evacuees climbed aboard military helicopters after the blaze, in bone-dry conditions, cut off ground escape routes...