DUBAI: The new Covid-19 variant, omicron, has prompted global economic concerns, as fears of its spread begin to affect stock markets and oil prices, Arab News reported. Saudi Arabia’s main market, the Tadawul All Share Index, opened 5.3 per cent lower on Sunday, trading near 10,700 points. The Dubai Financial Market was down 8.49 per cent in … Read more
RIYADH: The Opec+ group is likely to take a cautious stance when deciding next week whether to go ahead with the planned production increases; following the discovery of a new Covid-19 variant, Arab News quoted Geneva-based oil trader Vitol Group, as saying. The new variant, named Omicron, has rattled the oil market globally, pushing prices down to … Read more
ABU DHABI, One hundred percent of the United Arab Emirates‘ population has received at least one dose of a vaccine against Covid-19, the health ministry has said. The announcement late Friday came amid growing global concern over a new Covid variant dubbed Omicron that was first detected by South Africa. The World Health Organization said the new variant is … Read more
