Emirates Business One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

Dubai / WAM Dubai Aerospace Enterprise, DAE, has announced that it ended Q1 2020 with available liquidity of approximately $2.8 billion. DAE’s owned, managed and mandated-to-manage fleet exceeded 400 aircraft. During the said period, DAE sold or novated 15 aircraft, acquired 4 aircraft and transitioned or extended leases on 8 ...

ABU DHABI / WAM In response to the high level of commitment shown by the public with the precautionary measures to restrict traffic movement, the Ministry of Interior (MoI) decided to suspend all federal and local permits, and online applications for vehicles during the National Disinfection Programme, including the federal ...

ABU DHABI / WAM The Department of Planning and Development, (Trakhees), activated its remote work system to ensure continuity of providing a total of 365 field and non-field services to its customers. The department was able to continue providing its services 100 percent without interruption during this period in line ...

DUBAI / Emirates Business Expanding on the smart transformation of its services, and fulfilling its commitment to business continuity, Dubai Chamber of Commerce and Industry (DCCI) on Wednesday announced the launch of a series of webinars. These webinars aim to boost awareness of the private sector on various issues related ...

Bloomberg Indonesia slashed its growth forecast by more than half as the coronavirus pandemic takes a toll on Southeast Asia’s biggest economy, prompting the government to adopt a series of emergency measures. The economy is now projected to grow 2.3% this year, compared to an initial estimate of 5.3%, Finance ...

Bloomberg Bangkok city hall has ordered all restaurants and stores to close from midnight to 5 am, its latest move to limit the spread of the novel coronavirus. Apart from the late-night shutdown of businesses, all parks will be closed starting from Thursday to April 30, according to Bangkok Metropolitan ...

Bloomberg Singapore home prices fell the most in more than three years in the first quarter as the coronavirus outbreak slammed the economy. Property values declined 1.2% in the three months ended on March 31, according to a preliminary estimate from the Urban Redevelopment Authority released on Wednesday. That’s the ...

Bloomberg KKR & Co is suspending its planned sale of Goodpack Ltd, a Singaporean provider of intermediate bulk containers, after bids fell short of expectations, according to people familiar with the matter. The coronavirus outbreak has disrupted the sale process, said the people, who asked not to be named as ...

Bloomberg Walt Disney Co will start its streaming service in India later this week, after a coronavirus lockdown upended its previous plans in one of the world’s biggest emerging markets for online video. The US entertainment giant planned to kick off Disney+ in India at the start of the wildly ...

Bloomberg China reported 130 people over the past day who were infected with the novel coronavirus but don’t have symptoms, a sign that the group of people who can spread the virus without being detected is sizable. The tally, the first daily count of so-called asymptomatic patients, establishes a new ...