Business

DUBAI, April 27 (NNN-AGENCIES) — The emirate of Dubai said it has lifted its full lockdown on two commercial districts which have a large population of low-income migrant workers, after the United Arab Emirates eased nationwide coronavirus curfews over the weekend.

Dubai on Friday cut its emirate-wide 24-hour lockdown back to a 10pm to 6am curfew.

It has now taken the same step in the Al Ras and Naif districts, which had been sealed off as part of efforts to contain the spread of the virus.

WASHINGTON, April 27 (NNN-AGENCIES) — The International Monetary Fund (IMF) said it has approved a disbursement of $309 million to help Mozambique meet urgent balance of payment and fiscal needs stemming from the coronavirus pandemic.

African nations including Mozambique have become heavily indebted in the past decade and are seeking support from the IMF, World Bank and European Union for wide-ranging debt relief.

26 April 2020; MEMO: Algeria has taken further steps to ease restrictions over the novel coronavirus by allowing several businesses to reopen “to reduce the economic and social impact of the health crisis” caused by the pandemic, the prime minister’s office said on Saturday, Reuters reports.

New Delhi, Apr 26 (PTI) Remaining risk-averse amid the coronavirus pandemic, overseas investors have withdrawn net Rs 10,347 crore from Indian capital markets in April so far.

Between April 1-24, foreign portfolio investors (FPI) pulled out a net sum of Rs 6,822 crore from equities and Rs 3,525 crore from the debt segment, depositories data showed.

The total net outflow stood at Rs 10,347 crore.

New Delhi, Apr 25 (PTI) With the Centre allowing reopening of neighbourhood and standalone shops, traders on Saturday sought more clarity for easier implementation of the order and urged states to issue necessary guidelines, without which shop owners would not be able to resume work.

The Retailers Association of India (RAI) said the government's order to allow reopening of shops is open to interpretation as terms like "market complexes" are not easily understood.

Beijing/Wuhan, Apr 26 (PTI) The number of hospitalised COVID-19 patients in China's Wuhan, where the virus first emerged before turning out to be a pandemic, on Sunday dropped to zero for the first time, marking yet another milestone for the city which was opened up on April 8 after a 76-day lockdown.

Raipur, Apr 25 (PTI) Shops selling agriculture-related goods, building materials and automobile parts among other things opened on Saturday in many districts of Chhattisgarh except those located in COVID-19 containment zones and inside shopping complexes, officials said.

The Union government on Friday had said that neighbourhood and stand-alone shops can reopen.

HOHHOT, Apr 26 (NNN-XINHUA) – A total of 537 China-Europe freight trains passed through the port of Erenhot in north China’s Inner Mongolia Autonomous Region, as of Thursday, according to customs.

The customs adopted various measures, to raise efficiency and ensure the safety and stability of the freight trains, amid the fight against the COVID-19 epidemic, said Nie Weidong, an officer with the customs department.

The customs also improved the customs clearance and other services, relying on the internet and other platforms.

25 April 2020; MEMO: On Thursday Spanish gas firm Naturgy have confirmed it would resume its efforts to obtain $2 billion from Egypt in compensation for the collapse of a gas project in the country, Rassd.com have reported.

Mumbai, Apr 24 (PTI) Terming the shut down of six debt schemes by Franklin Templeton Mutual Fund (FTMF) as an extreme step that has created panic, an umbrella body of brokers on Friday sought markets regulator Sebi and the Ministry of Finance's intervention to protect investor interest.