Dubai / WAM Dubai Aerospace Enterprise (DAE) announced that it ended Q1 2020 with available liquidity of approximately $2.8 billion. DAE’s owned, managed and mandated-to-manage fleet exceeded 400 aircraft. During the said period, DAE sold or novated 15 aircraft, acquired 4 aircraft and transitioned or extended leases on 8 aircraft. Commenting on announcement, Firoz Tarapore, DAE’s Chief Executive Officer, said, ...

DUBAI / WAM Dubai Economy launched a ‘Price Monitor’ portal to track daily prices of staple foods and essentials making sure that consumers continue to get their basic needs at fair prices in spite of the precautionary measures being adopted in view of the coronavirus (Covid-19). A dedicated portal – Price.ded.ae – has also been launched to strengthen communication with ...

Bloomberg India kicks off its fiscal year with revenues under severe strain. A prolonged slowdown in the economy depressed tax collections in the financial year that ended on Tuesday, latest official data show. As India now conducts the world’s biggest lockdown, budget pressures are set to worsen. Finance Minister Nirmala Sitharaman has already outlined a virus relief package of $22.5 ...