Gulf bourses dive as coronavirus hits oil price

Look out! Stocks nosedive on oil price war and coronavirus fears  Aljazeera.comOil plunges in Asia as producers start price war  BBC NewsRussian Ruble Plummets Amid Oil Market Chaos  The Moscow TimesSix Thoughts on the Collapse of the Oil Market  BloombergCoronavirus and Russia Will Test Saudi Game Plan  BloombergView Full coverage on Google News

Coronavirus, oil price crash trigger dollar shortage in Nigeria  Quartz Africa

Saudi Aramco shares fall below IPO price for first time, Gulf stocks plummet after OPEC deal failure  CNBCPutin Dumps MBS to Start a War on America’s Shale Oil Industry  BloombergWestern Media Annoyed With Russia For Not Joining Saudi Arabia In Production Cut – OpEd  Eurasia ReviewOPEC’s Epic Fail Will Hurt All Oil Producers, Even Russia  BloombergSaudi Arabia Should Follow Russia, Even If It Kills OPEC  BloombergView Full coverage on Google...

Following dramatic price falls, clove farmers in Tanzania are calling for more government help to sustain a crop they have been farming for generations.

>Opec will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect the cartel to reduce output if non-members do not, Saudi Arabia said.

BBC News
Clove price drop hits Tanzanian farmers
BBC News
Cloves are a vital ingredient in many spicy dishes, and particularly popular in Europe around Christmas time. But the farmers who produce them have seen dramatic price falls recently. Clove farmers in Tanzania are calling for more government help to sustain ...

Coronavirus in Gulf states: No warm greetings, no mosque prayers  Al Jazeera EnglishNo Shisha Pipe Sessions, Awkward Greetings, Pray at Home: Coronavirus Changes Gulf Habits  News18UAE pledges $27b in stimulus as Middle East works to slow coronavirus  ArabnewsDrastic selling continues in UAE, most GCC markets  Gulf NewsMideast Stocks Drop Despite $47 Billion of Central Bank Aid  BloombergView Full coverage on Google News

US crude oil price falls below $20  Financial TimesOil Plummets to 17-Year Low as Broken Market Drowns in Crude  BloombergCrude oil futures slide as pandemic darkens demand outlook  CNBCWhy Saudi Arabia is likely to blink first in oil price war with Russia  South China Morning PostWelcome to a Truly Free Oil Market  BloombergView Full coverage on Google News

The recent fall of oil prices in the world market has sent a positive note to Tanzania’s balance of payments with the country’s current account narrowing by 11 per cent in the year ending November 2014.