Italian Prime Minister Giuseppe Conte said on Saturday Italy is opening borders and was taking a calculated risk in rolling back lockdown measures from next week as the daily death toll from the COVID-19 pandemic fell to its lowest rate since March 9. He said “the contagion curve” could rise again, but the country could not afford to wait for a vaccine. Mr Conte announced that travel to and from Italy, and between the country’s regions would be allowed from 3 June. Travellers from EU countries will be able to enter Italy without going into a two-week quarantine. The latest…
Author: WTX Business Team
The Middle East has many reasons to fear the coronavirus pandemic, but it has one big advantage when it comes to resisting it. Most people in the region are young. A rough average is that at least 60% are under the age of 30. That makes them less responsive to developing Covid-19. Most governments in the region reacted swiftly as the pandemic broke globally and had time to impose curfews and social distancing measures. Even before COVID-19, unbearable pandemic But that is where the Middle East’s advantages end. Years of strife in the world’s least stable region have left weaknesses…
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The First Group, a Dubai Based property developer and real estate investor, is considering different financing options. Reports suggest the firm is looking at potentially issuing US dollar-denominated Sukuk or Islamic bonds. “The First Group is currently considering different financing structures in order to explore potential opportunities currently available in the region,” said the spokeswoman. “Given the confidential nature of these conversations we are not able to disclose the exact details currently under discussion,” said the spokeswoman. According to its website, the First Group specialises in hotel investments. The First Group’s ambassadors include former Liverpool FC and Manchester United striker,…
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It still plans to launch an initial public stock offering or IPO in 2021, expected to generate $100 billion, having postponed its flotation from 2018.
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Early indicators show that Asian financial markets rose after the presidents of China and the US reached a temporary truce in their trade war.
Hosted by the president of Argentina’s Mauricio Macri, said the solution was “dialogue, dialogue and dialogue” and called for a clear message of shared responsibility.
China has prepared a slew of supportive measures, to help businesses who will be affected by the tariffs imposed by the Trump administration. Supporting measures will include a host of local assistance initiatives such as export assistance and skills training, to help those businesses affected by the ongoing trade war with the US, Finance Minister Liu Kun has said. The Finance Minister Liu’s comments were published by the official Xinhua news agency on Sunday evening, a few hours after the central bank announced a move to inject US$110 billion into the world’s second-biggest economy to stimulate growth. The coordinated growth…
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A combination of Dubai-based Emirates and Abu Dhabi’s Etihad would be the airline industry’s deal of the decade, if it can be pulled off.