Global stock markets are recording their worst week since the world financial crisis of 2008.
It comes as fears over the impact of the coronavirus continue to grip investors.
This morning, February 28, markets in Europe fell sharply with London's FTSE 100 index dropping over 3%.
Asian markets suffered too, while in the US, the Dow Jones recorded its biggest daily points drop on Thursday.
Investors are concerned that the COVID-19 virus' impact could spark a worldwide recession.
UAE defence authority signs additional AED 6.268 billion at Dubai Airshow
The UAE's Tawazun Council has signed four new local and international contracts, worth AED 6.268 billion on behalf of the Ministry, bringing a total of AED 10.044 billion in deals over the first two days of Dubai Airshow 2025.
Dubai unveils plans for world’s largest auto market
Dubai has unveiled plans for the world’s largest and most advanced automotive marketplace.
UK Export Finance pledges $3.5 billion to support DWC expansion
The UK government's export credit agency, UK Export Finance, has issued a $3.5 billion Expression of Interest to support British involvement in the $35 billion expansion of Al Maktoum International Airport at Dubai World Central (DWC).
flydubai signs landmark agreement for 150 Airbus A321neos
The Dubai-based carrier, flydubai, has made an initial agreement with Airbus for 150 A321neo aircraft, valued at $24 billion, to be delivered from 2031.
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