Kuwait reveals stimulus package to deal with coronavirus pandemic
Central Bank of Kuwait asked lenders to postpone loan repayments for three months
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Nigeria urges offshore oil companies to temporarily reduce workforce
Those companies are expected to initiate 28-day staff rotations to curb the Covid-19 spread
Nigerian banks limit global spending amid forex scarcity concerns
Due to the slump in oil prices, Nigeria fears it might run of its dollar reserves
Mubasher granted short-term margin trading licence in the UAE
Abu Dhabi Exchange has granted the licence making Mubasher the first financial services firm in the UAE
Latam Airlines to suspend more flights until April amid coronavirus pandemic
The airline previously announced that it would cut its international operations by 90% and domestic operations by 40%
Brazil’s Petrobras to cut production by 3% in response to coronavirus
The company will also delay dividend payment and slashed 2020 investments by nearly a third to $8.5 bn
Islamic Development Bank launches $2 bn coronavirus response package
The package will help member states to cope with the impact of the Covid-19 pandemic
Egypt grounds all flights till mid-April amid coronavirus pandemic
Egyptian airports will also remain closed during the period
Dubai real estate market ‘will tremendously improve after Covid-19’
Despite Dubai’s real estate market’s positive outlook ahead of the Expo 2020, the onset of Covid-19 has slowed down its growth
Singapore VC Expara to support startups fighting Covid-19
The VC firm is now accepting applications for its Expara VirTech Global Accelerator