Gulf stocks tumble amid oil price, coronavirus impact
Dubai Financial Market dives more than 8% at the close on the last trading day of the week while Abu Dhabi shares drop 7.4% Source: Arabian Business Industry News (ITP.NET)
March 2020
Kuwait reports 8 new infections taking total to 75
Five of the new cases involve Egyptian nationals while three others are Kuwaitis who have returned from Iran Source: Arabian Business Industry News (ITP.NET)
At risk gov't staff asked to work from home as UAE virus cases rise
Move comes as the UAE, which has already closed schools and nurseries, reports 11 new cases on Thursday Source: Arabian Business Industry News (ITP.NET)
Iran asks IMF for $5bn as coronavirus deaths soar again
Iran’s appeal to the IMF comes as it has so far recorded 10,000 coronavirus cases with 429 deaths Source: Arabian Business Industry News (ITP.NET)
UAE said to announce extension of distance learning as virus threat grows
Ministry of Education is reportedly set to announce that distance e-education system will be extended until June Source: Arabian Business Industry News (ITP.NET)
Kuwait to suspend all flights from Friday over virus
Authorities also announce a public holiday in the country from March 12-26 in bid to prevent spread of coronavirus Source: Arabian Business Industry News (ITP.NET)
Oman Air suspends Saudi flights to prevent spread of coronavirus
Oman carrier says it will temporarily be suspending all flights between Saudi Arabia and Oman with effect from March 12 until further notice Source: Arabian Business Industry News (ITP.NET)
Muddy Waters founder calls new NMC Health debt 'a massive fraud'
How a $2.7bn hidden debt tips the troubled UAE-based hospital operator into a full-blown accounting scandal Source: Arabian Business Industry News (ITP.NET)
Bahrain says 77 citizens evacuated from Iran have coronavirus
Those infected are transferred to a quarantine centre and the remaining 88 who tested negative moved to a separate facility Source: Arabian Business Industry News (ITP.NET)
Debt levels said to soar to $5bn at troubled NMC Health
Debt announcement comes after appointment of Moelis and PwC to support the company in its discussions with lenders and to assist in providing transparency Source: Arabian Business Industry News (ITP.NET)