Bloomberg Global remittances could fall by as much as $108.6 billion in 2020 if it takes a year to contain the coronavirus pandemic and reopen economies, according to Asian Development Bank (ADB) economists. “Migrant workers are among the hardest hit groups, with many facing scant job security and limited access to social assistances,” ADB economists James Villafuerte and Aiko Kikkawa ...

ABU DHABI / WAM Driven by powerhouse realty and bank shares, the listed companies in UAE financial markets posted combined gains of AED15.8 billion ($4.30 billion) in market cap on the first trading day of the month. Abu Dhabi’s main stocks index was up 0.45% to 4,324 points on Monday, driven by gains by some of blue chips, with DFM’s ...

Dubai / WAM Air Arabia Abu Dhabi, the capital’s first low-cost carrier, announced the introduction of two new destinations — Kabul in Afghanistan and Dhaka in Bangladesh with direct flights from Abu Dhabi commencing on August 7. Air Arabia Abu Dhabi was formed following an agreement by Etihad Airways and Air Arabia to establish the capital’s first low-cost carrier that ...