Tag: Coronavirus Impact
Coronavirus Pandemic Will Drive Responsible Investing ‘Skywards’
The coronavirus pandemic and its economic fallout will trigger a ‘skyward surge’ in sustainable, responsible and impactful investing over the next 12 months, affirms...
Nakheel Pledges AED 230 Million Relief Package, Rental Holidays
Master developer Nakheel has announced a Dh230 million ($62.6 million) economic relief package for customers in the wake of the Covid-19 outbreak.
The initiative is...
Meydan Hotel and Bab Al Shams Desert Resort & Spa Announce...
Following the global impact of COVID-19, and precautionary measures taken by the UAE Government against the spread of the virus, Meydan Hotels and Hospitality...
Dubai Economy Reveals Details Of Closing Down Commercial Establishments, Activities
Dubai Economy has directed commercial establishments in the emirate to close down for two weeks starting today in line with the preventive measures announced...
What Happens To Insurance Policies In The Face Of COVID-19 Pandemic?
As the world holds its collective breath over the full human and geographical impact of COVID-19, which is developing on an hourly basis and...
Majority of UAE Working Professionals Already Feel The Coronavirus Impact
Although cancelled or delayed business trips emerged as the most visible initial impact of the virus, declining sales is expected to be the greatest...
Bitcoin 2x Better at Withstanding COVID-19 than S&P 500 and Oil
Bitcoin has been caught up in the Coronavirus market crisis with the asset’s price dropping by almost half as the global economy comes to...
Global Financial Markets To Use China’s Recovery As Critical Gauge
Global financial markets will use China’s recovery as a sentiment tracker, affirms Nigel Green as European and Asian-Pacific markets and U.S. futures fell after...
Shopping Malls In UAE To Close For 2 Renewable Weeks
The UAE has decided to close all commercial centres, and shopping malls along with fish, meat and vegetables markets for a renewable period of...
UAE Suspends All Inbound, Outbound Passenger Flights, Transit of Airline Passengers...
The National Emergency Crisis and Disasters Management Authority, NCEMA, and the General Civil Aviation Authority, GCAA, have decided to suspend all inbound and outbound...
Economic Impact of COVID-19 Around The World
UK to pay up to 80% of employee wages for those unable to work due to the pandemic.
US lawmakers continue negotiations over...
Coronavirus Impact: Emirates Suspends Most Passenger Flights, Retains Commercial
The Emirates Group’s business response to COVID-19
Emirates retains cargo operations, but temporarily suspends passenger operations by 25 March
dnata significantly reduces operations, including...
Market Volatility To Continue In Global Equities
Global equity markets are observing unprecedented times as the coronavirus pandemic has caused significant worldwide economic disruption. The downward pressure continued during the week...
UAE Closes Leisure Sites; Implements Preventive Measures for F&B Outlets
The UAE Ministry of Health and Prevention and the National Emergency Crisis and Disasters Management Authority have announced the closure, starting Sunday, of public...
Dubai Banks Announce Business Relief Package
Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Dubai banks have come...
COVID-19: NCTH Exempts Retail Tenants From Rent For 3 Months
The National Corporation for Tourism & Hotels, NCTH, announced that tenants of retail shops and restaurants at its hotels will be exempted from rents...
Dubai Culture Offers Online Tours of Historic Sites
Offering exceptional experience of Al Fahidi and all Authority’s museums
Including the oldest building in Dubai and Etihad Museum
In line with current...
FAB Implements Support Measures In Response To COVID-19
FAB launches additional financial relief initiatives in a series of clear and decisive actions to safeguard the wellbeing of customers and employees during...