A general view of Oman. File/ Reuters
The brutal economic impact of the coronavirus deepened on Wednesday with dire news from the United States and Germany, increasing pressure worldwide to ease lockdowns and reduce the cost of the pandemic.
Italy plans to launch a fund worth up to 40 billion euros ($47.8 billion) this month to help its companies hit by the coronavirus crisis raise capital and strengthen their balance sheets, two sources familiar with the matter said.
According to the Office for National Statistics, the gross domestic product fell after recording 1.2 per cent growth in December
The number of shoppers heading out to stores, malls and other outlets across Britain fell 27.1 per cent last week from the week before, reflecting the impact of new lockdowns to stem the spread of COVID-19, researcher Springboard said on Monday.
Global stocks rallied on Tuesday and the dollar dipped as weak US data sparked hopes the Federal Reserve could ease its interest-rate hiking plans.
The Lord Mayor of the City of London, Vincent Keaveny, has expressed his hope to strengthen the ties between the UAE and the United Kingdom, particularly in the financial and professional services sector.
Dubai property prices continue to increase across various affordable and luxury segments as key areas record high numbers. Sales trends in the first half of the year indicate