Swiss to resume flights to Tel Aviv at end of September
"A renewed assessment of the situation has shown that an earlier resumption is possible," it said in a statement, adding flights to Beirut in Lebanon would resume, as planned, from August 3.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
4 hours ago
- Reuters
Most Gulf markets fall on weak earnings, US economic worries
Aug 3 (Reuters) - Most stock markets in the Gulf ended lower on Sunday hit by lacklustre earnings, while a cooling U.S. labor market clouded the Federal Reserve's policy outlook as investors scrutinized recent U.S. tariff decisions. U.S. President Donald Trump signed an executive order on Thursday imposing tariffs ranging from 10% to 41% on U.S. imports from dozens of countries that failed to reach trade deals with Washington by his August 1 deadline. Saudi Arabia's benchmark index (.TASI), opens new tab dropped 0.8%, hit by a 1.2% decline by oil behemoth Saudi Aramco ( opens new tab ahead of its earnings announcement on Tuesday. Jabal Omar Development ( opens new tab slid 5.4%, after posting a second-quarter loss. The developer - which runs the Jabal Omar complex of hotels and property near Mecca's Grand Mosque - was hit by reduced hotel revenues and a 106 million riyal ($28.26 million) property impairment charge, which lowered gross profit. Among other losers, Saudi Basic Industries Corp ( opens new tab - 70% owned by Saudi Aramco - retreated 1.2%, after reporting a second-quarter loss. The chemical firm attributed its losses to 3.78 billion riyals in impairment charges and provisions related to a cracker closure in the UK in line with a portfolio review to reduce costs and improve profitability. Oil prices - a catalyst for the Gulf's financial markets - fell $2 a barrel on Friday due to jitters over a potential production hike by OPEC and its allies, while a weaker-than-expected U.S. jobs report fed worries about demand. Eight OPEC+ countries meeting on Sunday have agreed to raise oil output in September by 548,000 barrels per day, Reuters reported citing two OPEC+ sources while the meeting was still under way. Elsewhere, Saudi Aramco Base Oil Co ( opens new tab plunged 10% - its biggest intraday fall since its listing in December 2022 - following an 18% drop in quarterly profit. In Qatar, the index (.QSI), opens new tab fell 0.8%, with Qatar Islamic Bank ( opens new tab losing 1.8%. Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab added 0.2%, helped by a 3.2% rise in tobacco monopoly Eastern Company ( opens new tab. ($1 = 3.7511 riyals)
Reuters
11 hours ago
- Reuters
OPEC+ agrees to 548,000 bpd oil output hike for Sept, sources say
LONDON, Aug 3 (Reuters) - Eight OPEC+ countries meeting on Sunday have agreed to raise oil output in September by 548,000 barrels per day, three OPEC+ sources said while the meeting was under way. The group will hold its next meeting on September 7, one of the sources said.
Reuters
12 hours ago
- Reuters
US deportation threats, EU beauty tariffs and AI voice rules
Follow on Apple or Spotify. Listen on the Reuters app. The Trump administration threatens some migrants with third country deportation - then sends them home. European fashion brands scramble to navigate steep U.S. tariffs without burdening consumers. And new AI rules don't go far enough for voice actors across Europe fearing job loss. Find our new On Assignment podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit to opt out of targeted advertising. Further Reading The US said it had no choice but to deport them to a third country. Then it sent them home EU brands turn to obscure customs clause to soften blow of Trump's tariffs Voice actors push back as AI threatens dubbing industry
