Moody’s downgrades Oman for a second time in 2020 as oil dips

Dubai: Oman’s sovereign rating was cut for a second time this year by Moody’s Investors Service as a lower crude price environment will likely slash the Gulf nation’s oil revenue. The rating company downgraded the sovereign a notch lower to Ba3 – three levels into its non-investment grade scale, and changed its outlook to negative, […]

Coronavirus: Emirates adds flights to seven more cities

Dubai: Emirates will be offering scheduled flights for passengers from seven additional cities in the month of July. These include Khartoum (from July 3), Amman (July 5), Osaka (July 7), Narita (July 8) and Athens, Larnaca and Rome (July 15). This takes the total number of destinations that Emirates is offering to 48, facilitating additional […]