- Cash-strapped companies can now apply for suspension or discontinuation of employer-retirement contributions to pension schemes until the coronavirus pandemic eases. The Retirement Benefits Authority said employers in hardest hit sectors such as travel and hospitality can notify it of measures taken to contain costs, among them suspension, reduction of contribution rates or stoppage.
- Egypt reopens hotels for local tourists with strict conditions. Egypt is allowing hotels to reopen for domestic tourists on condition they operate at no more than 25% capacity until the end of May and implement a range of other health measures to guard against the new coronavirus, the cabinet said on Sunday. https://reut.rs/2L6VHAM
- Measures to contain the spread of the coronavirus in the Middle East were amped up in March, but did little to limit the damage done to the region’s hotel industry, which was simultaneously thumped by an oil price war between Saudi Arabia and Russia, which required international intervention. Occupancy in March plummeted by 41.3 percentage points YOY to 34.6%, its lowest level since HotStats started tracking the region’s data.
- How Coronavirus is disrupting the soft drinks and packaged food industries. Manufacturers are stretching their supply chains as much as possible as they attempt to keep up with consumer demand. Soft drinks, in particular, have benefited from the direct store delivery model that some bottlers employ, allowing them to get to the store on their own trucks without having to use external logistics
- The President of Ghana has announced plans by the Government to invest heavily in healthcare infrastructure, across the country, to ensure that every Ghanaian has access to quality healthcare. President Nana Addo Dankwa, who announced this said, this year, it will begin the construction of 88 hospitals in the districts without hospitals. The beneficiary districts in Ashanti-10; Volta-nine; Central-nine; Eastern-eight;Greater Accra-seven and Upper East-seven.
- Radisson Hotel Group signed the Radisson Resort Dubai Palm Jumeirah, its first beach resort in Dubai and third Radisson hotel in the UAE, bringing its UAE portfolio to 23 hotels in operation and under development. Located on the Jumeirah shoreline, Radisson’s latest resort is perfect for both leisure and business travelers and is ideally located, providing travelers with easy access to the city and Dubai Media City, the region’s leading media hub, and a 30-minute drive from Dubai International airport
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