Business

Under three possible scenarios for recovery in the next six months, “none” sees the global job situation in better shape than it was before lockdown measures began, the International Labour Organization (ILO) insisted.

The cascading effect of the coronavirus is crippling the Indian tourism and hospitality sector. India’s GDP is directly influenced by the ups and downs in the travel and tourism sector which comprises 10% of the country’s GDP.

The World’s First Halal Angels Network was launched to promote innovation, entrepreneurship, and startups to tap $5 trillion, Halal consumer market, and would grow to USD 9.71 trillion by 2025. It was launched during the COVID-19 pandemic to help investors, businesses, entrepreneurs & startups overcome these challenging times.

The International Monetary Fund (IMF) says the coronavirus pandemic is likely to bring Asia's economic growth to a standstill for the first time in 60 years.

The government has notified the Yes Bank reconstruction scheme as per which the moratorium on the troubled private sector lender will be lifted on March 18.

Abu Dhabi Commercial Bank (ADCB) stated that “The main feed-through into the GCC is from the hydrocarbon sector, and we have lowered our average oil price and production assumptions for 2020. Consequently, we have made some tentative downward revisions to our headline GDP growth, fiscal and current account forecasts,”

The Facebook-owned app WhatsApp, the most popular messaging app said it has amassed two billion users, up from 1.5 billion it revealed two years ago.

The 8th edition of Traffic InfraTech expo along with Parking InfraTech and Smart Mobility expo open in Mumbai on November 20 with participation from over 100 exhibitors from different countries including USA, the UK, UAE, Germany, Israel, Belgium, Australia, China and Italy showcasing their products and solutions for Traffic and Parking Management.

People with hearing challenges in the UAE can experience the benefits of artificial intelligence (AI) embedded hearing aids at the AccessAbilities Expo. Starkey shared its ‘national hearing health program’ called Starkey ‘WeCare’ at the show. This program helps governments and ministries of health, implement hearing health services framework for their citizens, in a result proven and direct impact methodology.

The Sharjah Publishing City Free Zone (SPCFZ), the world’s first publishing and printing free zone, has signed an agreement with Al Khebra Labour Supply Centre, a subsidiary of the Administrative Services Group (ASG) to take the quick and convenient administrative solutions offered to clients a step further.

‘Access Sharjah’, a programme to support innovative start-ups from around the world venturing into the publishing and digital content sector.

The HAMS project uses a sensing device to create a virtual “safety harness” for the vehicle. Microsoft’s goal is to monitor the state of the driver, as well as how the vehicle is being driven for the road and environment it’s being operated in.