Opec+ slashes oil production, North Korea missile launch — Trending


  • English
  • Arabic

Trending Middle East brings you the latest social media and search trends from the region and around the world.

On today's episode, Opec+ agrees to slash oil production by 2 million barrels a day in “light of the uncertainty that surrounds the global economic and oil market outlooks, and the need to enhance the long-term guidance for the oil market, and in line with the successful approach of being proactive and pre-emptive”.

North Korea launches two short-range ballistic missiles in the direction of Japan, with the tests coming after joint South Korean and US missile drills and the return of an American aircraft carrier to the region in response to Pyongyang's earlier missile tests.

South Korean cartoonist and visual artist Kim Jung Gi dies of a “sudden” heart attack in Paris aged 47. He held the Guinness World Record for the “longest drawing by an individual”.

And in internet searches, UAE residents look up Prophet Mohammed's birthday, with Saturday, October 8, announced as a holiday for private sector workers in the Emirates to celebrate the occasion.

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Updated: October 06, 2022, 4:53 AM
More podcasts