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.
India's new central bank chief commits to policy continuity
India's newly-appointed central bank governor Sanjay Malhotra on Wednesday said he will look to ensure stability and continuity in policymaking for the benefit of the economy.
DEWA commissions 30 million gallon Hatta reservoir project
Dubai Electricity and Water Authority (DEWA) has commissioned a reservoir with a capacity of 30 million imperial gallons (MIG) of desalinated water in Hatta.
UAE, EAEU conclude economic agreement negotiations
The UAE and the Eurasian Economic Union (EAEU) have concluded negotiations for a comprehensive economic partnership agreement (EPA).
Abu Dhabi Fund signs AED92 million loan agreement with Rwanda
The Abu Dhabi Fund for Development (ADFD) has signed a loan agreement worth AED92 million ($25 million) with the Government of Rwanda to finance the expansion of water transmission and distribution systems at the Karenge Water Treatment Plant.
Adidas headquarters raided in years-long tax investigation
Authorities raided the Adidas headquarters in Germany as part of a years-long tax investigation, a spokesperson from the company said on Tuesday.
