Business

Govts, central banks must boost efforts: BIS

By The Frontier Post | March 30, 2020

Monitoring Desk LONDON: Governments and central banks need to step up efforts urgently to support their economies in the face of the coronavirus crisis, the head of the Bank for International Settlements said on Sunday. General Manager Agustín Carstens, who heads the BIS – an umbrella group for the world’s central banks – wrote an…

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Dubai free zones set marker on rent incentives

By The Frontier Post | March 30, 2020

Monitoring Desk DUBAI: With free zones in Dubai offering up to six months’ rent postponements, private landlords are now under pressure to match these incentives or even better them. At the very least, private landlords would be “forced” to consider rent payments via installments – something the free zones will now allow as per Saturday’s…

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Qatar Airways says it will need state support

By The Frontier Post | March 30, 2020

Monitoring Desk DUBAI: Qatar Airways will have to seek government support eventually, Chief Executive Akbar al-Baker told Reuters on Sunday, warning that the Middle East carrier could soon run out of the cash needed to continue flying. Several states have stepped in to help airlines hammered by the coronavirus pandemic that has virtually halted international…

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