Passengers wear protective masks at the departure hall of a high speed train station in Hong Kong on Thursday. Associated Press
It was a very Black Monday for a very beleaguered nation, which is facing growing isolation as countries shun it. The coronavirus outbreak in China has not only taken a toll on human life, but also on the economy.
World markets bounced on Tuesday, with Chinese stocks reversing some of a previous coronavirus-related plunge amid official efforts to soothe nerves and both Europe and metals scoring their best day of the year so far.
The virus has spread from Wuhan around China to major population centres including Beijing, Shanghai, Macau and Hong Kong. Abroad, Thailand has confirmed four cases, while US, Taiwan, S.Korea and Japan have each reported one.
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
The Khalifa Fund for Enterprise Development has announced the signing of a $100 million (Dhs368 million) agreement with the Ethiopian Ministry of Finance in Addis Ababa.
In recognition of the importance that Dubai holds in the global trade and investment arena, the International Chambers of Commerce (ICC) held a gala ceremony to commemorate 100 years of its existence.
Abdullah Sultan Al Owais, the Chairman of the Sharjah Chamber of Commerce & Industry, SCCI, recently received a high-level US delegation headed by Seth Oppenheim, Commercial Officer, SelectUSA Investment Summit, accompanied by George Calboh,