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    Oil plunges to 2002 lows, shares sink again

    Oil plunges to 2002 lows, shares sink again

    30 Mar 2020

    Oil took another stomach-churning 8% dive on Monday and world shares buckled again as fears mounted that the global coronavirus shutdown could last for months. There...

    India is readying an economic package to help deal with crisis

    India is readying an economic package to help deal with crisis

    24 Mar 2020

    Resmi Sivaram/Agencies Finance Minister Nirmala Sitharaman on Tuesday said her ministry was readying an economic package to help the industry deal with the coronavirus crisis. The Indian...

    Banks are committed to serve customers with full force

    Banks are committed to serve customers with full force

    21 Mar 2020

    UAE banks have come together to announce relief package for customers to ease the financial pressure they are experiencing due to current economic environment in the wake of coronavirus outbreak....

    Volkswagen plans use of 3D printing for ventilators

    Volkswagen plans use of 3D printing for ventilators

    21 Mar 2020

    German carmaker Volkswagen said it was joining other manufacturers around the world to explore using 3D printing to make hospital ventilators to combat the coronavirus. Governments are enlisting Automakers...

    Tesla halts US unit production

    Tesla halts US unit production

    20 Mar 2020

    Tesla will suspend production at its San Francisco Bay Area vehicle factory on March 24, ending a standoff with California authorities concerned about the spread of the coronavirus. The...

    FTA reports 7% increase in number of registrants, 21% hike in tax returns

    FTA reports 7% increase in number of registrants, 21% hike in tax returns

    16 Mar 2020

    Business Bureau, Gulf Today In its 11th meeting, the Board of Directors of the Federal Tax Authority (FTA) approved financial statements for 2019, and adopted a number of executive...

    UAE Central Bank to cut interest rates by 75 basis points ​ ​

    UAE Central Bank to cut interest rates by 75 basis points ​ ​

    16 Mar 2020

    The Central Bank of the UAE announced on Monday that it will cut interest rates, beginning on Monday (March 16), following US Federal Reserve cuts to contain the economic repercussions...

    Russia to launch $4 billion fund

    Russia to launch $4 billion fund

    16 Mar 2020

    Russia will create a 300-billion rouble ($4 billion) anti-crisis fund to try to shield its economy from the coronavirus shock, Prime Minister Mikhail Mishustin said on Monday. Moscow has...

    Abu Dhabi Securities Exchange temporarily closes trading halls

    Abu Dhabi Securities Exchange temporarily closes trading halls

    15 Mar 2020

    Abu Dhabi Securities Exchange (ADX) has announced to the investor community that the Exchange is temporarily closing its trading hall in its main offices in Abu Dhabi as well as...

    Saudi central bank announces $13b financing package to help SMEs

    Saudi central bank announces $13b financing package to help SMEs

    15 Mar 2020

    Saudi Arabia’s central bank said it had prepared a 50 billion riyal ($13 billion) package to help small and medium-sized enterprises cope with the economic impacts of the coronavirus outbreak....

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