Egypt urges domestic banks to set limit on daily withdrawal and deposits
The new limit would allow individuals to withdraw 10,000 Egyptian pounds and companies 50,000 pounds...
Tag : Covid-19
Gulf airlines see 20% spike in cargo demand for essential supplies
Mainly, food and medical supplies are in great demand globally...
UAE banks provide 98% of services digitally amid coronavirus outbreak
A study also revealed that digital banking users significantly increased to 90%...
72 airlines cut capacity by 100% amid Coronavirus outbreak
85% of the global airlines have made capacity cuts of 60% or more as Covid-19 spreads...
Aramco to cut refinery runs to sustain high oil output through May
Aramco to continue supplying crude at a record rate of 12.3 bpd...
Monzo launches current account services for SMEs
The trial period lasted 12 months and saw the participation of 2500 businesses...
Emirates suspends flights to 30 destinations amid Covid-19 pandemic
The carrier will stop flying to Turkey, Jordan, Lebanon, Iraq, Cyprus, Malta and Portugal...
Gulf central banks cut rates to tackle slowdown caused by Covid-19
The Fed recently slashed its interest rates to nearly zero...
DP World sees surge in demand as factories resume operations in China
Dubai-based global port operator DP World has witnessed a surge in demand as factories in China resumed operations, which were earlier shut down due to the coronavirus outbreak, the media reported. DP World claims it is too early to predict the damages done by the coronavirus outbreak, however, they expect to have a clearer picture...
Aramco to increase crude production amid price war
The company will increase production by 300,000 barrels per day...