<div id = "firstBodyDiv" data-bind-html-content-type = "article" data-bind-html-compile = "article.body" data-first-article-body = "
And in United StateNewspaper revealed "Washington Post"On Tuesday, President Donald Trump’s administration will ask Congress to allocate $ 850 billion to reduce the effects of the Corona virus.
Valley The global epidemic, To the confusion of air and sea navigation, which affected the production and movement of individuals and goods, amid expectations that growth will slow significantly, during the current year.
Two US sources said that this support may be provided to companies in the form of liquidity, through tax exemptions.
In the meantime, you are likely to benefit American airlines Alone of $ 50 billion, due to being severely affected by the restrictions on traffic due to the spread of the Coruna virus.
It is expected that this amount will be added to another hundred billion that has been allocated to support sick leaves paid, in order to help companies shoulder the burdens of employees in this critical period.
On Tuesday, US Treasury Secretary Stephen Mnuchin said that President Donald Trump’s administration was examining the possibility of giving checks to US citizens for their assistance in the period of the outbreak of the Corona epidemic.
For its part, Britain said it will provide loan guarantees of $ 399 billion, equivalent to 15 percent of its gross domestic product, along with other measures to help affected companies in intensifying efforts to combat the economic consequences of the Corona virus.
British Finance Minister Rishi Sonak said he was ready to increase the size of loan guarantees to ensure liquidity reaches all companies that need it in light of the slowdown in activity.
Other measures announced on Tuesday include a three-month suspension of mortgage payments for individuals in difficulty and an expansion of the property tax suspension for small businesses to include all companies in the hospitality and entertainment sectors.
Those companies will also receive a cash grant and the government will consider providing a support package for airlines and airports, Sonak said.
In the Netherlands, the Finance Minister, Wobke Hoekstra, said on Tuesday that his country will spend up to 20 billion euros (22 billion dollars) in emergency financial aid to companies facing difficulties due to the Coruna epidemic.
He said in a speech broadcast live on TV "These are extraordinary times, which call for unusual procedures." He said that the size of the package may increase between ten billion and 20 billion euros in the coming months, if necessary.
Huge Spanish package
Meanwhile, Spain announced a massive 200 billion euro ($ 220 billion) package to help companies and protect workers and vulnerable groups affected by the ever-expanding Corona Virus crisis.
Half of the aid measures, amounting to 20 percent of Spain’s economic output, consist of state-backed loan guarantees for companies, and the remainder includes loans and aid to vulnerable groups.
And Prime Minister Pedro Sanchez said at a press conference, "These are extraordinary measures, unprecedented in the history of our democracy."
Spain will pay benefits to laid-off laid-off workers and suspend mortgage payments for those whose jobs have been affected by the virus, along with other measures.
Sanchez said "We want to protect jobs and we want companies to know that the government will help them .. We will not give up."
He added that the health crisis caused the economy to stop in the country, but he did not say whether the matter might reach the level of economic contraction as in other countries such as France. He said that the government will need "Rebuilding budget" New to deal with post epidemic when receding.
More than half of Spain’s jobs depend on small and medium-sized companies in a country with the highest unemployment rate in developed countries.
Arab countries are moving
Earlier, the UAE Central Bank adopted a comprehensive economic support plan worth 100 billion dirhams, in an effort to support the national economy and protect consumers and companies, within the framework of the World Health Organization virus announced "Covid – 19" A global pandemic.
The targeted financial support plan consists of a credit of up to 50 billion dirhams, allocated from the Central Bank funds to grant loans and advances at zero cost to banks operating in the country covered by a guarantee, in addition to 50 billion dirhams that are released from the additional preventive capital of the banks, according to Emirates News Agency.
In Egypt, the government announced, on Tuesday, a package of decisions to support the country’s industrial sector and deal with the economic consequences of the outbreak of the Corona virus. On top of which is reducing the price of natural gas for industry.
The decisions included reducing the price of natural gas for the industry at $ 4.5 per million thermal units, and reducing the electricity prices for the industry for the high, high and medium voltage by 10 piasters, and on fixing and not increasing the electricity prices for the rest of the industrial uses for a period of 3-5 years to come.
The decisions included providing one billion pounds to exporters during the months of March and April 2020 to pay part of their dues, according to the agreed mechanisms, with an additional 10% cash payment to exporters in June.
Last Sunday, Morocco announced the creation of a fund worth ten million dirhams on Sunday "About a billion dollars", Will be allocated to cover medical expenses and support the economic sectors affected by the outbreak of the emerging Corona epidemic, according to a statement by the Royal Court.
The statement said that the fund, which King Mohamed VI ordered to create immediately, would be allocated "To qualify health mechanisms and means, whether in connection with the provision of adequate infrastructure or equipment and means to be acquired with urgency".
It will also be directed to support the economy, in particular "Sectors most affected by the spread of the Coruna virus, such as tourism, as well as the maintenance of jobs"According to the statement.
The announcement came in the context of accelerated measures during the last days to counter the spread of the virus, which has infected 28 people in the kingdom so far, culminating on Sunday, suspending all international flights until further notice.
“>
In the United States, the Washington Post revealed on Tuesday that the administration of President Donald Trump will ask Congress to allocate $ 850 billion to reduce the effects of the Corona virus.
The global epidemic has confused air and maritime navigation, which has affected the production and movement of individuals and goods, amid expectations that growth will slow significantly in the current year.
Two US sources said that this support may be provided to companies in the form of liquidity, through tax exemptions.
Meanwhile, US airlines alone are likely to benefit from $ 50 billion, given that they are severely affected by the restrictions on navigation due to the spread of the Corona virus.
It is expected that this amount will be added to another hundred billion that has been allocated to support sick leaves paid, in order to help companies shoulder the burdens of employees in this critical period.
On Tuesday, US Treasury Secretary Stephen Mnuchin said that President Donald Trump’s administration was examining the possibility of giving checks to US citizens for their assistance in the period of the outbreak of the Corona epidemic.
For its part, Britain said it will provide loan guarantees of $ 399 billion, equivalent to 15 percent of its gross domestic product, along with other measures to help affected companies in intensifying efforts to combat the economic consequences of the Corona virus.
British Finance Minister Rishi Sonak said he was ready to increase the size of loan guarantees to ensure liquidity reaches all companies that need it in light of the slowdown in activity.
Other measures announced on Tuesday include a three-month suspension of mortgage payments for individuals in difficulty and an expansion of the property tax suspension for small businesses to include all companies in the hospitality and entertainment sectors.
Those companies will also receive a cash grant and the government will consider providing a support package for airlines and airports, Sonak said.
In the Netherlands, the Finance Minister, Wobke Hoekstra, said on Tuesday that his country will spend up to 20 billion euros (22 billion dollars) in emergency financial aid to companies facing difficulties due to the Coruna epidemic.
“These are extraordinary times, which call for extraordinary measures,” he said in a speech broadcast live on television. He said that the size of the package may increase between ten billion and 20 billion euros in the coming months, if necessary.
Huge Spanish package
Meanwhile, Spain announced a massive 200 billion euro ($ 220 billion) package to help companies and protect workers and vulnerable groups affected by the ever-expanding Corona Virus crisis.
Half of the aid measures, amounting to 20 percent of Spain’s economic output, consist of state-backed loan guarantees for companies, and the remainder includes loans and aid to vulnerable groups.
“These are extraordinary measures, unprecedented in the history of our democracy,” Prime Minister Pedro Sanchez told a news conference.
Spain will pay benefits to laid-off laid-off workers and suspend mortgage payments for those whose jobs have been affected by the virus, along with other measures.
“We want to protect jobs and we want companies to know that the government will help them … We will not give up,” Sanchez said.
He added that the health crisis caused the economy to stop in the country, but he did not say whether the matter might reach the level of economic contraction as in other countries such as France. He said the government would need a new “rebuilding budget” to deal with the post-epidemic when it ebbed.
More than half of Spain’s jobs depend on small and medium-sized companies in a country with the highest unemployment rate in developed countries.
Arab countries are moving
Earlier, the UAE Central Bank adopted a comprehensive economic support plan worth 100 billion dirhams, in an effort to support the national economy and protect consumers and companies, in the framework of the World Health Organization declaring the “Covid-19” a global epidemic.
The targeted financial support plan consists of a credit of up to 50 billion dirhams, allocated from the Central Bank funds to grant loans and advances at zero cost to banks operating in the country covered by a guarantee, in addition to 50 billion dirhams that are released from the additional preventive capital of the banks, according to Emirates News Agency.
In Egypt, the government announced, on Tuesday, a package of decisions to support the country’s industrial sector and deal with the economic consequences of the outbreak of the Corona virus. On top of which is reducing the price of natural gas for industry.
The decisions included reducing the price of natural gas for the industry at $ 4.5 per million thermal units, and reducing the electricity prices for the industry for the high, high and medium voltage by 10 piasters, and on fixing and not increasing the electricity prices for the rest of the industrial uses for a period of 3-5 years to come.
The decisions included providing one billion pounds to exporters during the months of March and April 2020 to pay part of their dues, according to the agreed mechanisms, with an additional 10% cash payment to exporters in June.
Last Sunday, Morocco announced, on Sunday, the creation of a fund worth ten million dirhams “about one billion dollars”, which will be allocated to cover medical expenses and support economic sectors affected by the spread of the Corona epidemic emerging, according to a statement of the Royal Court.
The statement said that the fund, which King Mohammed VI ordered to create immediately, will be allocated to “the rehabilitation of health mechanisms and means, whether in terms of providing adequate infrastructure or equipment and means that must be acquired with urgency.”
It will also be directed to support the economy, especially “sectors most affected by the spread of the Coruna virus, such as tourism, as well as maintaining jobs”, according to the statement.
The announcement came in the context of accelerated measures during the last days to counter the spread of the virus, which has infected 28 people in the kingdom so far, culminating on Sunday, suspending all international flights until further notice.
– .
