Saudi Arabaia’s Social Development Bank luanches SR12-billion relief for SMEs

Dubai: Saudi Arabia’s Social Development Bank has approved a SR12 billion programme to support small and medium enterprises (SMEs) and low-income families to reduce the financial and economic impacts of coronavirus on individuals and SMEs. The move is in line with the keen interest of King Salman Bin Abdul Aziz of Saudi Arabia and Crown Prince […]

Germany asks carmakers to produce medical gear for virus fight

Munich: The German government asked domestic car manufacturers to consider producing medical equipment such as masks or ventilators to help fight the rapidly spreading coronavirus. The request forms part of wider efforts by authorities to tap engineering and production resources and tackle severe supply bottlenecks in critical medical equipment, according to people familiar with the […]