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Bahrain likely to continue reforms says S&P Global
S&P anticipates a recovery in both GDP and oil demand through second-half of 2020 and into 2021
No layoffs this year, says Ajman Bank
Decision taken as part of CSR initiative and to strengthen UAE's position as a stable, attractive destination for investment
S&P lowers Kuwait rating to AA-, outlook stable
The report added that the budget deficit in 2020 is expected to exceed 10% of GDP
S&P affirms Saudi Arabia rating at 'A-/A-2' with stable outlook
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
IMF asks G20 to back doubling of its emergency financing to fight coronavirus
Depth of the economic contraction and the speed of the recovery depended on containment of pandemic
Coronavirus: Dubai's DMCC rolls out support package for UAE businesses
Member companies offered rent suspension, discounts, fee waivers
Efforts underway to help passengers stranded at Dubai airport
Some of the stranded Indian passengers have been stuck at the airport since March 18.
Coronavirus in UAE: Mobile phones receive emergency alerts
UAE residents received text messages from the police on Thursday, advising them to #StayHome
UAE allows driving licence renewal through smart services from March 29
The decision will allow people to complete the entire transaction through smart applications or the ministry’s website.
HSBC delays job cuts in face of coronavirus
Quinn, who was confirmed in the top role earlier this month, had previously planned to cut about 35,000 jobs
Insights
EU marks 25th anniversary of open-border Schengen pact with closed frontiers
On its 25th anniversary, the agreement is virtually suspended because of the coronavirus
Coronavirus supply disruptions are the next worry for metals: Russell
The spread of the coronavirus across the world has focused metals markets on the risks to demand
Gold's safe haven status takes coronavirus hit; India, China demand wanes: Russell
Much of the blame for gold's recent stumble has been laid at the door of investors dashing to cash