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  • COVID-19: Daily Roundup – March 17th

    COVID-19: Daily Roundup – March 17th

    To help readers cope with the speed of developments of the COVID-19 pandemic, ArabFinance will issue a daily roundup of all the latest updates.


     * Egypt has reported 166 new cases infected with coronavirus disease (COVID-19).

     * About 300 families are placed under quarantine in Dakahlia Governorate.

     * The Central Bank of Egypt (CBE) cut interest rates 300 bps.

     * CBE launched a new non-performing loans initiative to reach reconciliations with individuals in debt worth less than EGP 1 million.

     * CBE extended exemption of certain food products from cash cover requirements for one year

     * Prime Minister Mostafa Madbouly announced the suspension of all flights at Egyptian airports from March 19th to 31st

     * Madbouly issued a decree slashing workforce for employees in the state apparatuses nationwide for 15 days.

     * The Ministry of Communications and Information Technology suspended all activities and events that include mass gatherings, according to an official statement.

     * Egypt granted small and medium-sized businesses a six-month extension for credit repayments.



     * Four new cases were reported in Jordan, increasing the country’s total to 33 cases.

     * OmanAir suspends flights to Egypt and Bahrain, effective March 19th

     * Lebanon announced a medical state of emergency as of March 15 and called on people to work from home.

     * Dubai has imposed restrictions on food premises to prevent the spread of the virus.

     * Dubai halted all tourism-related activities, directing all tour operators to suspend tour activities related to sea cruises, desert camps and tours, and floating restaurants.

     * Prayers at mosques and all other places of worship in the UAE have been suspended.

     * Dubai residents are being urged to avoid parties and weddings at home to prevent the coronavirus spread.

     * Dubai’s stock exchange shut its trading floor starting today until further notice, a day after similar measures were adopted by Abu Dhabi’s securities exchange.

     * Abu Dhabi announced a stimulus package, aiming to maintain its economic gains, support the private sector, and prioritize supporting startups.

     * Saudi Arabia confirmed 15 new coronavirus cases raising the total number to 118. 

     * Kuwait reported seven new coronavirus cases raising the total number of cases in the country to 130.

     * Bahrain announced the death of a 65-year-old female Bahraini national who was registered as an active case of Coronavirus (COVID-19).



     * More than 182,260 people have been infected globally by the coronavirus and 7,165 have died.

     * Europe closed its borders at lunchtime on March 16th for 30 days.

     * France announced a 45-billion euro ($50-billion) aid package to help businesses and their employees cope with the COVID-19 crisis.

     * President Emmanuel Macron ordered to stay at home for at least the next 15 days to curb the coronavirus.

     * Canada is closing its borders to anyone other than Canadian citizens, permanent residents and -- at least for now -- US citizens.

     * The US has now begun its first week of widespread school closures and restrictions on restaurants, bars, and other businesses. And the White House called for millions of people to work from home and to home-school their children if that's possible.

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