Bloomberg Libya’s oil output has risen to 295,000 barrels following a truce in the Opec nation’s civil war and the lifting of a blockade on energy facilities. Fields that feed the newly restarted eastern ports of Hariga, Brega and Zueitina are ramping up production, according to a person with knowledge of the situation. Output was 250,000 barrels a day a …

New Delhi / WAM Even as India extended the ban on regular, scheduled international air travel until October 31, the Minister of Civil Aviation, Hardeep Singh Puri, said he expected international flights to be fully operational by the first quarter of 2021. In a series of media interactions, including a conversation with the Emirates New Agency (WAM), the minister anticipated …

Bloomberg Saudi Arabia added new incentives to keep its mortgage boom going by scrapping a 15% value-added tax on property sales and offering other relief for home buyers amid a push by the Arab world’s largest economy to expand residential ownership. Property transactions will instead be subject to a new 5% real estate sales tax, according to state-run news agency …