Ethiopian Airlines furlough employees to fight coronavirus crisis
The airlines could lay off thousands of employees with no pay for three months
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Boeing devises voluntary payout plan to shrink workforce
The voluntary payout plan will allow eligible employees to exit the company with a pay and benefit package
Azimo has partnered with Siam Commercial to deliver instant payments
Now Azimo’s users will be able to make instant payments Siam Commercial’s Bank account in Thailand
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
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