Qatar’s exemption of the hospitality and tourism, retail sectors and commercial complexes from electricity and water consumption charges for a period of six months will bolster the country’s real estate sector, Ezdan has said in a report.
Hong Kong was ahead of the world when in February it announced a handout of almost $1,300 to residents suffering from a recession worsened by the coronavirus. By the time the money arrives, it may be too late to undo the damage.
India’s checkered history with foreign investors is making one of the biggest emerging markets look particularly vulnerable at a time when its need for overseas funding has never been clearer.
Air France-KLM is in talks with banks to receive up to €6bn ($6.5bn) in loans guaranteed by the French and Dutch governments, as the airline group braces for a sustained coronavirus shutdown, sources told Reuters.
Spanish Prime Minister Pedro Sanchez took his appeal for European solidarity to Germany yesterday and found some encouragement at the top of the European Central Bank.
Qatar Development Bank (QDB) has announced the launch of an initiative to develop entrepreneurial ideas to contribute to reducing the repercussions of the coronavirus pandemic (Covid 19).
Qatar is among the financially strong countries that is able to "afford more significant fiscal support" despite the slump in oil prices, Oxford Economics said in its research brief on GCC response to the Covid-19 crisis.
The Qatar Stock Exchange Sunday opened the week on a stronger note with its key index inching closer to 8,500 levels, mainly on account of bullish non-Qatari individuals.