Debt-default showdown looms as Lebanon freezes bond payment

Beirut: Lebanon is about to enter the crucial first phase of talks aimed at renegotiating its $30 billion in Eurobonds after saying at the weekend it won’t pay dollar debt coming due on Monday. The government’s declaration on Saturday that it won’t repay the $1.2 billion Eurobond puts the country on course for the first […]

Coronavirus fallout: Time does hang heavy in remote working

(Bloomberg): The banging comes first, followed by the screaming. I could try to blot out the noise and carry on, but proximity to family is supposed to be one of the benefits of working from home. My one-year-old son knows there’s a computer keyboard on the other side of the door that needs a merry […]

Coronavirus: Arabian Travel Market postponed

Dubai: Arabian Travel Market, the leading global event for the Middle East inbound and outbound travel industry for the last 27 years, has postponed their event amid concerns about the ongoing health crisis. The updated dates are June 29 to July 1, 2020. “We want to express our concern for everyone impacted by coronavirus. Like all […]

Price war in oil market to hurt GCC economic growth

Dubai: The sharp fall in the oil price and the outlook for a price war are significant downside risks to the economic outlooks of the Gulf countries. The oil price war Saudi Arabia launched against Russia over the weekend sent crude prices into one of the steepest falls in history. Analysts expect sustained low oil prices […]