Bloomberg The World Health Organisation (WHO) declared the coronavirus outbreak a pandemic, saying cases outside China have risen 13-fold. The US’s top infectious-disease specialist told lawmakers the pathogen is 10 times more deadly than the seasonal flu. Britain announced a $39 billion stimulus package, hours after the Bank of England cut interest rates. German Chancellor Angela Merkel pledged to do “whatever ...

DUBAI / WAM Emirates Islamic announced that its net profit increased by 15%, reaching AED1.061 billion in 2019, the highest ever in the bank’s history. A review of the year ended December 31, 2019 was presented at the General Assembly Meeting of the bank, where it was announced that total income increased by eight percent to AED2.7 billion, and financing ...

ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry discussed ways of reinforcing its commercial and investment ties with India. The discussion took place during a meeting at the chamber’s headquarters between Mohammed Hilal Al Muhairi, Director-General of the Chamber, and Pavan Kapoor, Ambassador of India to the UAE, and his delegation. During the meeting, Al Muhairi ...