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Philippines first country to suspend all financial markets as coronavirus spreads.

Economy Staff Writer -
Stock and bond trade suspended indefinitely from March 17. The Philippine Stock Exchange closed indefinitely on Tuesday while currency and bond trading were suspended, the...

Coronavirus: US Fed cuts interest rates to near zero, coordinates with other central banks to combat Covid-19.

Economy Staff Writer -
Fed's surprise announcement signaled its rising concern that the viral outbreak will depress economic growth The US Federal Reserve took massive emergency action Sunday to...

UAE Inc. committed to fight Covid-19.

Economy Staff Writer -
The stimulus package will give a significant boost to the UAE banking sector. The UAE Central Bank's Dh100-billion stimulus package will provide additional liquidity to...

Indian rupee hits record low, touches 20.46 against UAE dirham.

Economy Staff Writer -
Traders expect the central bank to step in to prevent further sharp falls in the currency. The Indian rupee dropped to a record low on...

UAE, GCC stock markets bounce back as oil prices recover.

Economy Staff Writer -
Oil prices also bounced back on Tuesday morning after crashing 31 per cent on the previous day. The UAE and GCC stock markets bounced back...
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