S&P anticipates a recovery in both GDP and oil demand through second-half of 2020 and into 2021
Decision taken as part of CSR initiative and to strengthen UAE's position as a stable, attractive destination for investment
The report added that the budget deficit in 2020 is expected to exceed 10% of GDP
S&P Global said its estimate of Saudi Arabia's strong net asset-stock position on its fiscal and external balances continues to be a key ratings support
Depth of the economic contraction and the speed of the recovery depended on containment of pandemic
Member companies offered rent suspension, discounts, fee waivers
Some of the stranded Indian passengers have been stuck at the airport since March 18.
UAE residents received text messages from the police on Thursday, advising them to #StayHome
The decision will allow people to complete the entire transaction through smart applications or the ministry’s website.
Quinn, who was confirmed in the top role earlier this month, had previously planned to cut about 35,000 jobs