Major Flooding in UAE: Dubai Airport Turned Into a Lake
The United Arab Emirates (UAE) was plunged into chaos as heavy rains lashed the region, causing widespread flooding and the closure of Dubai Airport
The main stock markets in Dubai and Abu Dhabi have dived at least 6%.
The falls came after Dubai's property developer, Nakheel, asked for trading of some of its Islamic bonds to be suspended.
Shares are trading for the first time since the state-owned property company Dubai World asked for an extension on repaying its debts.
European markets were trading slightly lower.
The central bank of the United Arab Emirates said on Sunday it would provide banks with extra liquidity.
Dubai's Financial Market Index tumbled 6.9% to 1,948.83 in the first hour of trading after the four-day break for the Eid holiday.
Shares on the Abu Dhabi Securities Exchange index nosedived 7.4%.
Construction and financial stocks slumped nearly 10%. The debt-ridden Dubai World fell 15%.
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The European Parliament has approved the EU's inaugural directive aimed at regulating the employment rights of individuals working through online platforms
In recent years, Moldova has been faced with the challenge of reducing its dependency on Russian gas imports.
As the Hungarian forint experiences volatility, German investors are increasingly advocating for Hungary to adopt the euro, reaching the highest level of support in over a decade
In a statement underscoring growing concerns over national security, FBI Director Christopher Wray has declared that the popular social media app TikTok poses a significant risk to the United States
Eurostat data indicates that Greece (161.9%), Italy (137.3%), France (110.6%), Spain (107.7%), and Belgium reported the highest public debt-to-GDP ratios among EU member states by the conclusion of 2023
A damning report from the US State Department has unveiled a troubling reality of systematic racial and ethnic violence and discrimination against Bulgarians in the Republic of North Macedonia
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022