Oil prices hold steady amid worry of a second pandemic wave

Abu Dhabi: Despite worries of a second COVID-19 outbreak, oil prices continue to maintain their stable footing, with prices trading in the low $40 range as demand ticks up on global economies reopening. Global benchmark Brent crude saw its price closing at $43.24 on Friday, with West Texas Intermediate (WTI) on $40.55. And in positive […]

UK’s events, exhibitions industry staring at 30,000 job losses

London: Britain’s event organisers, venues and suppliers warned that about 30,000 jobs are at risk due to increased uncertainty about when trade fairs and exhibitions could resume in the UK. The Events Industry Alliance (EIA) said companies would need at least eight to 12 weeks to restart exhibitions, calling on the government to set a date […]

Saudi Arabia allocates SR229m to develop 2.8km Jeddah waterfront

Dubai: Jeddah Governorate announced today a SR229 million project to revamp the 2.8km waterfront, in order to develop over 180,000 square metres, according to Saudi Press Agency (SPA). The project is in line with the Kingdom’s Vision 2030 and Cities Humanisation Initiative, aimed at improving quality of life in the governorate and raising the average […]