Connect with us


Middle East stock markets retreat sharply on oil and fears linked to coronaviruses




DUBAI, United Arab Emirates (AP) – Middle East stock markets fell sharply on Sunday morning due to fears over the new coronavirus and declining demand for crude oil as OPEC and Allied countries have not reduced their production.

The Dubai financial market saw its shares fall by more than 8% in a strong liquidation. Boursa Kuwait has ceased operations as the shares have fallen below 7%. The Abu Dhabi Securities Exchange fell 6%. The Saudi Arabian Tadawul stock market fell more than 6% at the opening of the market.

OPEC and its main ally, Russia, failed to agree on a drop in oil production on Friday. This has seen the prices of crude oil, the raw material of the Middle East, fall. Benchmark Brent crude sold for about $ 45 a barrel on Sunday, down 11% from the previous year.

Demand for oil has dropped as air travel has been affected by the virus epidemic.

The wider Middle East now has more than 6,000 confirmed cases of new coronavirus and COVID-19, the disease it causes.

In a hard-hit Iran, the health ministry said on Saturday that another 21 people had died from the virus, bringing the death toll to 145. More than 1,000 new infections were also confirmed overnight, bringing the total at 5,823 cases in the country.

Fatemeh Rahabar, a 55-year-old newly elected MP, died in Tehran, IRNA news agency reported on Saturday. She had been elected to the next parliament which will begin its work in May. Earlier this week, Iranian lawmaker Abdolreza Mesri said on public television that 23 members of the current parliament had the coronavirus and urged all lawmakers to avoid the public.

The Tehran mosque authority banned all collective prayers and religious ceremonies in Tehran mosques on Saturday. They will always remain open individual prayers.

Meanwhile, in Egypt, a Nile cruise ship with more than 150 tourists and local crew members was quarantined on Saturday in the southern city of Luxor, while 45 people on board were tested positive for the new coronavirus, authorities said.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]



    Leave a Reply

    Your email address will not be published.