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Abu Dhabi GDP hits AED620bn in first nine months of ’19

ABU DHABI / WAM The gross domestic product (GDP) of Abu Dhabi at current prices (nominal GDP) grew 4.6 percent to around AED620 billion, during the first nine months of 2019 from around AED592.9 billion in the comparable period of 2018. The growth was led by the momentum recorded across all economic platforms during the reference period, according to combined ...

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Mumbai races to keep virus from Asia’s largest slum

Bloomberg When government official Kiran Dighavkar heard that a 56-year-old man who’d recently died in the Mumbai suburb of Dharavi had tested positive for Covid-19, he knew his next moves would determine the trajectory of the outbreak in India’s commercial capital. The man, who died on April 1, lived with seven members of his family in a 400 square foot ...

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Singapore adds $3.6b to stimulus amid Covid-19

Bloomberg Singapore increased its cash payout to individuals and announced additional steps to save jobs as the city-state prepares to severely curtail activities to contain a spike in coronavirus cases. The third virus-related stimulus package in two months will cost S$5.1 billion ($3.6 billion), taking the nation’s total virus relief to almost S$60 billion, or 12% of gross domestic product, ...

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