Economy MENA Edition

U.S. energy secretary: OPEC+ countries can easily cut 10mln bpd

oil and gas U.S. energy secretary: OPEC+ countries can easily cut 10mln bpd

Putin has no plans to talk oil with Trump, Saudis on Thursday -Kremlin

oil and gas Putin has no plans to talk oil with Trump, Saudis on Thursday -Kremlin

Fitch affirms Saudi Arabia at A with stable outlook

economy Fitch affirms Saudi Arabia at A with stable outlook

Latest News

Egypt's core inflation at 1.89% in March - central bank

Core inflation strips out volatile items such as food.

financial services

New UK benefits claims hit 1.2mln as virus-hit economy suffers

Universal Credit payments include support for people on low incomes working fewer hours

Fitch Revises Malaysia's outlook to negative; affirms at 'A-'

Fitch forecasts a 1% contraction in economic activity in 2020

Malaysia says committed to fiscal discipline despite big stimulus package

The government has announced a stimulus package of $59.84bln

81% of Saudis confident in Kingdom’s ability to bounce back from COVID-19: Study

58% said they would like to see the Kingdom help regional neighbours rebuild their economies after the pandemic

Indonesia central bank sees GDP growth bottoming at 1.1% in Q2

GDP growth in the first three months of 2020 was probably 4.7%

GCC

OPEC+ to debate oil cuts as big as 20mln bpd - sources

oil and gas OPEC+ to debate oil cuts as big as 20mln bpd - sources

U.S. energy secretary: OPEC+ countries can easily cut 10mln bpd

oil and gas U.S. energy secretary: OPEC+ countries can easily cut 10mln bpd

Covid-19: Dubai can increase capacity of hospitals, isolation centres if needed, says DHA chief

Meeting UAE's food needs: ADIO pumps $100mln into 4 AgTech startups

Covid-19: High fine for throwing used face masks, gloves out of car

Levant

Lebanese banks to face large losses, outlook turns negative -Moody's

financial services Lebanese banks to face large losses, outlook turns negative -Moody's

Turkish legislation banning layoffs to go to parliament next week -sources

employment Turkish legislation banning layoffs to go to parliament next week -sources

Iraq names its third prime minister in ten weeks

Lebanon extends coronavirus lockdown by two more weeks

Syrian air force behind chemical attacks, investigation team finds

North Africa

79% of MENA hotels to partially or fully close after low occupancy rates: Colliers

hospitality 79% of MENA hotels to partially or fully close after low occupancy rates: Colliers

Algerian energy minister: oil producers' meeting aims at 'substantial cut' in output

oil and gas Algerian energy minister: oil producers' meeting aims at 'substantial cut' in output

Algeria said to buy about 40,000 tonnes corn in tender - trade

Egypt's core inflation at 1.89% in March - central bank

Egypt's urban consumer inflation falls to 5.1% in March

Global

U.S. energy secretary: OPEC+ countries can easily cut 10mln bpd

oil and gas U.S. energy secretary: OPEC+ countries can easily cut 10mln bpd

China says will keep yuan stable, increase flexibility

currencies China says will keep yuan stable, increase flexibility

India struggles to contain coronavirus, enforce lockdown in sprawling city slums

Bank of England steps up lending to large companies

Merkel says no to 'coronabonds'

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