Tag: Coronavirus Impact
Fraud Prevention During Uncertain Times
In uncertain times, those who look to perpetrate fraud will try to exploit an individual’s anxiety, or even generosity. The current environment is no...
Banks’ Expertise Critical to Speed Up Economic Recovery Post COVID-19
Credit misallocation causing lasting risks to economies, and needs course-correction
Bankruptcy frameworks need to prepare for potential impact of credit losses on banking...
Global Coronavirus Stimulus Packages Compared
Global lockdowns have been in place for weeks and they are causing economic turmoil. The downturn is expected to be the worst since the...
Saudi Arabia Triples VAT to Counter Economic Impact of Coronavirus
Saudi Arabia will increase its value-added tax, VAT, from 5 to 15 percent in July, the Finance Ministry said on Monday, as part of...
How Will Asset Management Be Affected by Covid-19 Crisis?
The Covid-19 pandemic is like nothing any of us has ever experienced. The crisis will undoubtedly have far-reaching implications for people, businesses and society...
Predicted Global Impact of COVID-19 on Airport Industry Escalates
Airports Council International (ACI) World has released updated modelling that shows the worsening economic impact on the global airport industry.
The forecasts of prolonged –...
Covid-19 Impact on Emerging Market Debt
Covid-19 has rapidly become an economic shock for the global economy. Initially rocking China, global economic expectations changed dramatically in early March, and have...
International Tourist Numbers Could Fall 60-80% in 2020, UNWTO
International tourism down 22% in Q1 and could decline by 60-80% over the whole year
67 million fewer international tourists up to March...
New Tech Solution to Help Businesses and Communities Safely Reopen
Salesforce (NYSE: CRM), the global leader in CRM, today announced Work.com – new technology solutions and resources to help business and community leaders around...
Is COVID-19 Bringing Virtual Real Estate Tours Into The Mainstream?
Virtual tours, a nascent but growing technology pre-crisis, are rapidly gaining traction in lockdown times – and could become a mainstay of the commercial...
V-shaped Economic Revival, Fuelled by FOMO
The Fear Of Missing Out (FOMO) is likely to drive financial markets significantly higher in the coming weeks.
The prediction from Nigel Green of deVere...
Samana Developers Projects Remain on Track for Delivery Despite Covid-19
In the wake of a challenging situation caused by the pandemic, Dubai-based Samana Developers today said that its on-going projects in Dubai are not...
Force Majeure Clause and How To Use It
A force majeure clause in some real estate contracts allows relief for one or both parties in the event of a major unexpected event....
Nearly Half of Global Workforce May Lose Livelihoods due to Job...
The continued sharp decline in working hours globally due to the new coronavirus, COVID-19, outbreak means that 1.6 billion workers in the informal economy...
Over-action or Inaction – Both Could Hit Your Wealth
Stress in the financial markets is prompting a growing number of people to make extreme investment decisions that could ultimately hit their wealth, warns...
Retail Reels from Covid-19 – Sharp Decline in Sales; Online Groceries...
Online groceries sales surge 40%, luxury and fashion sales down by 50%
KPMG Lower Gulf’s latest report, ‘Navigating the pandemic,’ has revealed a mixed...
Dubai’s Malls Migrate Online amid Covid-19 Shutdown
In mid-April The Dubai Mall, the largest retail space in the UAE, announced the launch of its own virtual store on the Gulf e-commerce...
Nakheel Shopping Malls Reopen for Business
Nakheel Malls is pulling out all the stops to ensure customer, staff and tenant safety and wellbeing as it prepares to reopen Nakheel Mall,...