People walk past a shop advertising sale promotion in Melbourne, Australia. Agence France-Presse
Australia’s strong economic performance of recent decades has allowed its central bank to avoid the kinds of unorthodox policies seen in other countries, but record low rates mean less conventional measures may be needed to tackle new challenges.
Australia’s central bank on Tuesday cut interest rates for the second time in as many months as it strives to revive a sluggish economy and reduce unemployment, a tough task that may yet require even more stimulus.
Australia on Thursday unveiled its biggest shakeup in bankruptcy laws in nearly three decades, allowing small businesses to trade while insolvent and take more control over debt restructuring, in a bid to help firms through the coronavirus crisis.
Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chairman of Dubai Airports and Chairman and Chief Executive of Emirates Airline and Group, on Tuesday
The Sharjah Chamber of Commerce and Industry (SCCI) on Tuesday received a high-level business delegation from Sri Lanka, led by Nalinda Wijerathna, Consulate General of Sri Lanka in Dubai.
Abu Dhabi National Oil Company (Adnoc) has signed contracts worth over Dhs1 billion with four Abu Dhabi companies to provide food catering services to all Adnoc Group companies from 2022 to 2027.