Last of Apple’s 42 stores in China reopen

Beijing: The last of Apple’s 42 stores in China reopened Friday, as the country slowly goes back to work following weeks of quarantine that forced the closure of businesses. The firm announced on February 1 that it would shut all its stores, corporate offices and contact centres across the mainland as the epidemic rapidly spread. […]

Coronavirus: Saudi Central Bank announces 50 billion riyal package

Saudi Arabia’s central bank said on Saturday it had prepared a 50 billion riyal ($13 billion) package to help small and medium-sized enterprises cope with the economic impacts of the coronavirus outbreak. The funding from the Saudi Arabian Monetary Authority (SAMA) is aimed at granting SMEs six-month deferrals on bank payments, concessional financing and exemptions […]

Sharjah stocks up with 12 giant food silos

Dubai: How many giant silos does it take to feed all of the UAE’s requirement of pulses for six months? The answer – 12 of them, with a combined storage capacity of 52,000 tonnes. That’s the answer from Harish Tahiliani, Managing Director of Ajman-based Arab India Spices. He should know because his company has just […]

UAE retailers ask for ‘stimulus’ from mall owners

Dubai: Retailers in the UAE will be asking shopping mall managements and landlords for a review of their rental agreements in the wake of the coronavirus scare and the blows it has landed on the retail sector. “The (Dubai) Government has announced stimulus measures for businesses; the (UAE) Central Bank has asked local banks to […]