Tag: Coronavirus Impact
UAE Economy on Track towards Recovery in 2021
Federal Competitiveness & Statistics Centre reveals preliminary results of economic performance in 2020
The UAE economy performed better than expected in 2020 despite the current...
Rollout of Vaccines Puts Huge Uncertainty around All Economic Views
The end of the past financial year has been interesting in terms of what has happened within markets as well as between markets. At...
Reduced Losses for Airlines but Continued Pain in 2021
IATA expects net airline industry losses of $47.7 billion in 2021 (net profit margin of -10.4%)
The International Air Transport Association (IATA) expects net airline...
Q1 Shopping Index: Digital Commerce Grew 58 Percent
Rob Garf, from Salesforce says, "Each quarter we take a pulse of retail activity that we are seeing on our platform. We first began...
GCC Economic Recovery Uneven across Different Industries
“The IMF report predicts real GDP growth in MENA to pick up to 4% this year, which is significant improvement on the 3.2% it...
The Pandemic Still Tops Healthcare Priorities Worldwide
The 26th edition of Dubai International Pharmaceuticals and Technologies Conference and Exhibition – DUPHAT successfully concluded today at the Dubai World Trade Center. The...
UAE Records World’s 2nd Highest Hotel Occupancy Rate in 2020
· 14.8 million hotel guests in 2020, spending an average of 3.7 nights per guest.
·54.2 million nights spent at 1,089 hospitality establishment, registering a...
IMF: Global Financial Stability Report April 2021 Forecast
The global economy is finally emerging from the worst phases of the COVID-19 pandemic, although with prospects diverging starkly across regions and countries, the...
More Than 50 Teams Camped in Dubai in Recent Months to...
The UAE continues to be the preferred destination of international teams as they prepare for the upcoming Olympics and other major championships, with Dubai’s...
UAE Family Businesses Show Resilience, Social Commitment during The Pandemic
Despite a revenue decline in the majority of UAE family businesses due to the Covid-19 pandemic, they have out-performed regional peers in saving jobs
A...
World Economy to Return to Pre-Pandemic Output in 2021
The OECD released its latest interim Economic Outlook report, providing us with an updated look at the pandemic’s impact on the world economy. Striking...
How Supermarket Shopping Trends Changed in UAE in 2020
In 2020, UAE residents spent more when they did their supermarket shopping online as compared to when they made their purchases at an outlet,...
Payout Insights: Some Salaries More Resilient than Others during Pandemic
Emirati salaries were more resilient to the impacts of the Covid-19 pandemic than the rest of the working population in the UAE, that’s according...
PCR Tests to Your Doorstep
The PCR (polymerase chain reaction) tests are a part of our routine now – whether you have to travel to another country, cross borders...
Asia Emerging Stronger Than Ever in The Post-pandemic World
It is no secret that Asia on the whole managed the coronavirus pandemic much better than most western countries. By way of example, as...
UAE Economy Projected to Grow by 2.5%, 3.5% in 2021, 2022:...
The Central Bank of the UAE projects real GDP to recover to positive growth of 2.5% in 2021, with non-oil GDP growing by 3.6%...
DLD: Dubai Real Estate Sector Resilient and Attractive
Dubai Land Department (DLD) has released the findings of its real estate bulletin, which reflected the flexibility of Dubai’s real estate sector since the...
UAE’s Strong Fundamentals, New Laws to Revive Real Estate Market
The unexpected disruption to the property market in 2020 was a reaction to the impact of the global pandemic, and not a fundamental downturn...