Thursday, July 9, 2020

Daily Archives: March 22, 2020

Most Emirates Passenger Flights Suspended from March 25; No Job Cuts

Emirates Airlines has decided to suspend most passenger flights from March 25 due to lackadaisical response in the market caused by border closures amid the...
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You Can Soon Shop At Dubai Mall Exclusively Via Noon.Com

Tough times mean finding innovative ways to keep going and Dubai Mall, the world’s largest shopping centre, has just done that to ensure that...
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Sharjah Lists US$200 Million Sukuk On Nasdaq Dubai

The Emirate of Sharjah today listed a US$200 million Sukuk on Nasdaq Dubai, bringing the total value of Sukuk listed in Dubai to $67.06...
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China’s Economy to Return Fast to Potential Growth, PBOC Says

China’s Economy to Return Fast to Potential Growth, PBOC Says

(Bloomberg) -- China’s economy will swiftly return to its potential growth rate and there’ll be a significant improvement in the coming three months, a senior...
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Amazon’s Bezos Tells Workers Coronavirus Will ‘Get Worse’

Amazon’s Bezos Tells Workers Coronavirus Will ‘Get Worse’

(Bloomberg) -- Amazon.com Inc. Chief Executive Officer Jeff Bezos warned his company’s 800,000 employees that the coronavirus outbreak will likely “get worse before it gets...
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SoftBank-Backed Getaround Looks for a Buyer as Demand Evaporates

SoftBank-Backed Getaround Looks for a Buyer as Demand Evaporates

(Bloomberg) -- The car-sharing company Getaround is actively seeking a sale as the coronavirus outbreak has sent demand plunging and left the startup dangerously short on cash,...
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One Sector Is Keeping Dealmakers Busy Amid Coronavirus Gloom

One Sector Is Keeping Dealmakers Busy Amid Coronavirus Gloom

(Bloomberg) -- While dealmakers brace for a year of gloom and doom, a small pocket of the M&A world has been defying the downturn. Investors are...
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Dubai Banks to Offer Virus Relief to Companies, Individuals

Dubai Banks to Offer Virus Relief to Companies, Individuals

(Bloomberg) -- Dubai’s ruler Sheikh Mohammed Bin Rashid Al Maktoum asked local banks to offer companies relief, including refinancing and repayment referrals, as part of...
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