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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...

Greece to boost military amid tension with neighbor Turkey

 Greece will be bolstering its military with new armament programs, a boost to military personnel and the development of the country’s defense industry, the government spokesman said Monday, as a tense stand-off with neighboring Turkey has led to concerns of open conflict between the two...

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...