TNB Aura’s Special Situation Fund targets startups affected by Covid-19
The fund is designed with a focus to invest $2 million in each startup affected by the coronavirus pandemic
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Telecom subscribers in the UAE increase to 23.67 mn
Around 3.046 mn people subscribed to internet services until December, while fixed-line subscribers hit 2.345 mn
Integra Global launches health plans with Covid-19 cover
The provider has also launched InCare which is a new range of inpatient health plans for individuals and companies
Kuwait reveals stimulus package to deal with coronavirus pandemic
Central Bank of Kuwait asked lenders to postpone loan repayments for three months
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