International Air Transport Association Chief Executive Officer Alexandre de Juniac warns many airlines will go bankrupt in the next two-to-three months without government aid.
financial support
Airlines
Video: Dubai moves to shield prized Emirates airline from virus fallout
The coronavirus has forced state-owned airline Emirates to suspend operations. The Dubai government is quickly swooping in to protect its most important growth engine.
business outlook
Video: Will China rescue the world economy?
Here’s why China’s indebtedness means it is probably both unwilling and unable to launch a stimulus package like it did in 2009 after the financial crisis.
Abu Dhabi
Video: Abu Dhabi to cushion companies from coronavirus blow, ADDED chairman says
Abu Dhabi introduces new initiatives to boost the economy, as it pays close attention to the coronavirus outbreak. The Chairman of Abu Dhabi Department of Economic Development Mohammed Al Shorafa says the country is looking at the situation ‘very closely’.
Bahrain economy
Bahrain to focus on ‘stringent cost controls’ to balance budget
Bahrain;’s government trimmed the deficit by 35 percent last year as part of a plan to balance the budget by 2022
Bahrain economy
What a difference $10bn aid makes to Gulf’s weakest link
Bahrain and Oman are the most vulnerable economies in the Gulf, but one has a $10bn bailout package and the other is on its own
Abu Dhabi
Abu Dhabi to provide financial support to unpaid workers caught in legal disputes
A ‘happiness card’ given to low-income workers was launched after prosecutors saw 10,000 labour disputes with firms over unpaid wages