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Business

  • Expo 2020
A woman walks past the logo of Expo 2020 in Dubai, United Arab Emirates
Expo 2020 Dubai on track, organisers moving fast
N.P. Krishna Kumar
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  • Oil Market
Fears of a conflict in the crude-rich Middle East ratcheted up Thursday
Oil prices tick lower
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  • Strait of Hormuz
Safety first
KLM suspends flights over Strait of Hormuz
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  • Turkey Inflation
Turkish Finance Minister Berat Albayrak
Turkish opposition calls inflation data ‘fictional’
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  • OPEC Meeting
The 176th meeting of the OPEC Conference will be on July 1
OPEC to meet in Vienna July 1-2
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  • Business licences in Libya
Libyan Minister of Economy Ali Abdulaziz Issawi said some firms had operated without a licence for a long time
Foreign firms seek to renew Libya licences
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  • US sanctions on Iran
Mutual interests first
France shuns Iran for Saudi oil
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  • Oil Market
Several OPEC sources said the most likely scenario now was keeping the production cut steady in the second half of 2019
Algeria floats idea of larger OPEC+ oil cut
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  • OPEC
Saudi Energy Minister Khalid al-Falih
Falih says OPEC close to deal on extending oil agreement
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A drilling vessel sails in the Bosporus in Istanbul
Turkey complies with US sanctions to avert risks
Sabahat Khan
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  • US sanctions on Iran
Iran's oil industry is bearing the brunt of US sanctions
Iran's May crude exports fall sharply
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Turkey was among eight countries that were initially exempt from US sanctions
Turkey stopped importing Iran oil
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  • Lebanon's public debt
Lebanese economy hurt by Mideast conflict, political deadlock
Lebanon may struggle to refinance foreign currency debts
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  • Oil Market
Falih reiterated that Saudi Arabia's oil installations were well protected
Saudi, UAE see sufficient oil supplies
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  • Gulf Tension
OPEC and the International Energy Agency said earlier this month that global oil supply fell in April due to US sanctions on Iran
Major crude producers meet over Gulf tensions
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  • US-Turkish trade
Turkey is set to lose billions of dollars from the termination of the trade deal
US terminates Turkey's preferential trade deal
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