United Nations Economic and Social Council estimates that the world will go through a recession in 2020 due to COVID-19, with sectors such as retail, hospitality and transport being strongly affected.
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The Steering Committee for the world exhibition set to kick off in October in the UAE is considering moving the event to a later date. The move will be voted on by the Bureau International des Expositions member countries.
Despite the novel coronavirus, the Brazilian poultry company said it exports are ongoing. Beef company Marfrig said its units are operating normally. Minerva, whose activities include food services, put all workers on leave at some of its plants.
To help fight COVID-19, the measure announced last Wednesday by the Ministry of Economy of Brazil includes 61 products, such as test kits for coronavirus, and pharmaceutical, medical and hospital equipment and apparatus.
During a video conference this Thursday (26). The leaders of the world’s leading economies pledged to inject USD 5 trillion into global markets to address the coronavirus crisis, and to work to keep global supply chains working.
Central Bank’s index showed a month-on-month economic growth last January.
February posted a deficit in foreign transactions, purchase and sale of goods and international income transfers.
The UAE mall operator has created an AED 100 million fund to help storeowners at its venues.
The Telecommunications Regulatory Authority of the country has launched a list of the purchasing apps of 22 stores.
Year-to-date, imports were down 12.6% in February and 5.8% year-to-date through February.
With Saudi Arabia in the group’s presidency, the world’s biggest economies said they will keep close track of the impact of the pandemic on markets.
The organization will keep providing certification services, just not from its headquarters.
The company decided to implement a temporary suspension of most passenger operations by March 25.
The Arab Chamber decided to cancel the corporate tour scheduled for June due to coronavirus concerns.
