A worker, wearing a protective suit, reacts in front of an infrared temperature machine in the lobby of the Shanghai Stock Exchange on Friday. Associated Press
Stock markets and oil prices collapsed on Friday as investors panicked over the devastating damage of the coronvavirus to global economic growth, dealers said.
The world’s largest economies delivered more worrisome cues on Monday as anxiety over the virus outbreak sent stock and oil prices plunging and closed sites from the Sistine Chapel to Mideast schools.
European stocks fell on Friday, halting their biggest ever three-day rally in a sign investors were focusing once more on the spread of the coronavirus pandemic despite hopes for further stimulus measures to combat its economic impact.
The Sharjah Directorate of Public Works (SDPW), has completed a project for establishing the Grand Touristic Restaurant in Al Hisn Island, Dibba Al Hisn, worth Dhs10 million.
America’s economy has shown “marked improvement” since the coronavirus pandemic drove it into recession, but the path ahead remains uncertain and the US central bank will do more if needed, Federal Reserve Chair Jerome Powell
Ahmed Mahboob Musabih, Director-General of Dubai Customs said the non-oil trade between Dubai and Saudi Arabia amounted to Dhs500 billion ($136 billion) in the last ten years (2010-2020), which makes the kingdom Dubai’s biggest Arab trade partner and fifth globally.
Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, chaired a virtual meeting of the Industrial Coordination Council on Tuesday with the participation of Sarah Bint Yousif Al Amiri, Minister of State for Advanced Technology, and members of the Council.