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U.S. envoy for Iran warns EU banks, firms against non-dollar Iran trade
Any major European company will always choose the American market over the Iranian market.
Emirates warns of tough six months ahead as profit drops
Revenue rose 10%
Saudi Aramco taps banks for $5 bln petrochemical project finance - sources
Plans for the giant Amiral petrochemical complex in the Saudi city of Jubail were announced in April
SaudiGulf Airlines signs agreement to buy 10 Airbus A320neo jets
The deal was announced at the Bahrain International Airshow, Airbus said.
More than 4,500 retailers already signed up for VAT refunds scheme for tourists
Refund scheme's operator expects that up to 10,000 stores will be participating by early 2019
Air traffic suspended at Kuwait airport due to bad weather
Kuwait have been hit with unstable weather conditions in the last few weeks with heavy downpours in some areas
RTA announces free parking, Metro timings in Dubai
All customers' happiness centres will also be closed during the holiday.
Saudi Arabia plans $400bln spend on IKTVA programme
In Kingdom Total Value Add (IKTVA) aims to increase local content to 70% by the end of 2021
Kuwait suspends, redirects flights as weather worsens
All flights departing from Kuwait international airport are suspended
IMF expects Qatar GDP growth to rise to 2.4% in 2018
IMF said it expected Doha to introduce a value-added tax toward the end of 2019 or early 2020
Insights
Russia wants to steer clear of any OPEC-led oil production cut- sources
Saudi Arabia proposed Oct level as reference for combined cut
At U.N. climate talks, Trump team plans sideshow on coal
Trump administration aims to promote energy strategies
OPEC, partners discuss oil supply cut of up to 1.4million bpd- sources
Russia may not be keen on a reduction
