Global household debt exceeds $47trn, $12trn higher than 2008 financial crisis: IIF
Since 2007, households worldwide have added over $12trn to the mountain of global debt. The corporate and general government sectors have, however, accounted for much more of the build-up ($31trn…
Emirates SkyCargo announces new operation network, schedule
Company transports critical medical supplies to many countries amid COVID-19 outbreak
Trump warns of painful weeks ahead, US government races to build makeshift hospitals
Nearly 4,394 people in the US have already died from the coronavirus, total confirmed infections rose to 200,269
US citizens leave Cairo on board of EgyptAir flight despite flight suspensions
A further exceptional flight will leave Egyptian capital on Friday
Cabinet to launch website serving Covid-19 affected irregular workers
Website to connect irregular labourers with civil society, businesspeople to find alternative income sources
3 priorities for MENA countries against COVID-19: Azour
We have to expect a new model of economy after the crisis, says IMF Middle East and Central Asia Department Director
Rosatom operates normally despite Covid-19
Rosatom is also providing all necessary protective supplies and constantly sterilises affiliated buildings, while restricting business travel in cooperation with the relevant government agencies in its areas of work.
Coronavirus, price war push oil producers to cut 2020 spending plans
Energean cuts its budget in Egypt by $140m
Stock market bloodbath continues
EGX drops 1.76%, Dow and S&P 500 both decline 3.4%, France’s CAC 40 4.4%, UK’s FTSE 100 fell 3.8%
Covid-19 crisis feels like a war: IMF officials
Challenge is even greater for low-income, emerging economies