With the launch of Expo 2020 Dubai in October, the UAE economy is expected to make significant strides in all sectors.
Whatever Dubai does, it does so with a touch of class and grandeur. The enthusiasm and remarkable speed at which the Emirate is gearing up for World Expo 2020 makes it abundantly certain that the event will turn out to be extraordinary.
The exceptional “World Government Summit- Expo 2020” will be the biggest gathering yet since its inception with expected attendance of over 10,000 high-profile officials, 30 international organisations and 600 experts and scholars.
Expo 2020 Dubai and its legacy are expected to contribute Dhs122.6 billion of gross value added (GVA), to the UAE’s economy from 2013 to 2031, according to the EY report, ‘The economic impact of Expo 2020 Dubai.’
Akira Yamada, a self-taught Japanese artist, has been given a unique task to create a series of paintings based on his own technique ‘crystal tablet’ which will then be displayed at Expo 2020. Yamada said this was an honour for him and an opportunity to spread the energy of happiness all around the world.
The Sharjah Chamber of Commerce & Industry, SCCI, represented by the Sharjah Training & Development Center (STDC), has recently launched an online course on the “infection and ways to prevent and combat it”.
The UAE stocks continue to respond favourably to the country-level fiscal incentives and stimulus packages being launched, and gained Dhs12.5 billion in market cap by the end of Sunday’s session.
Egyptian banks have been instructed to apply temporary limits on daily withdrawals and deposits in a move seemingly designed to control inflation and hoarding as concern grows over the spread of the coronavirus.
Finance Minister Nirmala Sitharaman asked public and private sector banks to ensure uninterrupted banking operations and flow of liquidity. In a series of tweets, the office of Sitharaman said that she spoke to chiefs of public sector banks and representatives of private banks.