The government of Dubai has announced that it will inject equity into state-owned airline Emirates
. The world’s largest long-haul carrier, which has 100,000 employees, has been forced to ground almost all of its flights due to restrictions on travel.
Crown Prince Sheikh Hamdan bin Mohammed Al Maktoum cited “its strategic importance to the Dubai and UAE economy, and the airline’s key role in positioning the emirate as a major international aviation hub”. He provided no further details.
In other developments in the Middle East:
In Israel, the military’s chief of staff, Lt Gen Aviv Kochavi, and two other generals are self-isolating. The military said Gen Kochavi was not displaying symptoms of Covid-19
, but that he and the other two officers had attended a meeting on 22 March with a commander in the reserves who later tested positive for the disease.
At a virtual meeting organised by Saudi Arabia, finance ministers and central bank governors from the G20 group of major economies promised to address the risk of debt vulnerabilities in low-income countries so they can focus on fighting Covid-19.
BBC
