Bloomberg Record lows, trading halts, capitulation and spending cuts made for a wild week in the energy sector after Saudi Arabia and Russia embarked on a war for market share, sending crude and equity prices in a downward spiral. The S&P 500 energy index never recouped the stunning losses it saw at the beginning of the week, despite the late-day ...

ABU DHABI / WAM The UAE has suspended, effective March 17, all visas to all foreigners, with the exception of diplomatic passport holders. In a statement released on Saturday, the Federal Authority for Identity And Citizenship (ICA) said: “The move comes as part of the precautionary measures taken by the UAE in response to the World Health Organisation’s declaration of ...

ABU DHABI / WAM The General Civil Aviation Authority (GCAA), announced the suspension of all inbound and outbound flights with Lebanon, Turkey, Syria and Iraq, with effect from March 17, and until further notice. The move is part of the country’s proactive precautionary and preventive health measures to contain the spread of the coronavirus (Covid-19), said the GCAA in a ...