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COVID-19: Weekly Roundup – October 18th

COVID-19: Weekly Roundup – October 18th

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

 Egypt

* Egypt has a total of 105,297 confirmed COVID-19 cases including 6,109 cases and 98,157 recoveries.

* UAE’s Air Arabia resumes flights from the UAE’s Ras Al Khaimah International Airport to Cairo starting October 15th.

* The impact of covid-19 on the Egyptian government’s finances may not be as drastic as previously feared, according to the IMF’s October 2020 Fiscal Monitor Report (pdf). 

* Egypt’s imports of wheat see a 64% Year on Year increase as the country braces for the second wave of covid-19, advisor to the Supply Minister Nomani Nasr Nomani told the local press

* Egypt will not reintroduce a full or partial lockdown in case of the second wave of coronavirus, Health and Population Minister Hala Zayed said.

* The country has 600 hospitals equipped to handle covid-19, some of which were recently upgraded, health ministry Hala Zayed noted. 

* Covid-19 vaccines should be available to low-income countries at no charge and at reduced prices for middle-income countries once a vaccine candidate proves effective, Zayed said.

* Saudi Airlines will resume flights between Jeddah, Cairo, and Alexandria tomorrow, according to a statement.

* More than 45% of Egyptians are “optimistic about their incomes” as they believe the “crisis is over,” while nearly 32% of respondents expect their incomes will decline in the next three months, according to a national survey by the state statistics agency Capmas.

* World Bank boss David Malpass praises Egypt’s effort to mitigate economic fallout from covid-19, including our EGP 100 bn stimulus package, during an introductory event ahead of the meetings.

Regional

* UAE’s Dubai fines and closes 25 food establishments within 45 days from the beginning of September to mid-October due to noncompliance with the precautionary measures for COVID-19. 

* The drive through PCR testing facility available at Muscat International Airport, which started its operations on October 1st, has announced new parking fees.

* Bahraini authorities close a number of restaurants and cafes for violating rules in place to control the spread of the coronavirus.

* Kuwait agrees to allow entry into the country for 429 teachers who hold Saudi nationality and whose names were listed by the Ministry of Education.

* Saudi Arabia extends the validity of final exit visas for expatriates until October 31st free of charge.

* The Kingdom repatriates 1,945 Indian deportees during the current period of temporary suspension of international flights.

* KSA health authorities say medical facilities set up to examine people with mild or suspected symptoms of the coronavirus are not meant for those planning to travel abroad.


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