Tag: COVID-19 Impact
Global remittances remain steady despite COVID-19: EFG Hermes
Global remittances remained resilient in the months following the COVID-19 outbreak even amidst the amid job losses and declining wages, according to the Egypt...
Dubai business conditions remain largely unchanged in October
According to the October PMI (Purchasing Managers Index) survey released recently, business conditions were broadly unchanged over the month across the non-oil private sector...
Abu Dhabi’s Etihad makes internal changes to adapt to new normal
The second-largest airlines in UAE, Etihad Airways has announced a few organizational changes intended at modifying the company into a "mid-size, full-service" carrier with...
New COVID-19 wave can lead to double-dip recession: QNB
In its latest weekly economic report, Qatar National Bank (QNB) observed that aggressive policy stimulus and the partial containment of the COVID-19 pandemic in...
Capital inflow to MENA region remains high amid pandemic; IIF
US-based association for the global financial services industry, Institute of International Finance (IIF) stated that capital inflows into the region are expected to remain...
IATA observed V-shaped recovery for cargo in Middle East
In its latest report on the status quo of the aviation industry, the International Air Transport Association (IATA) observed that Middle Eastern carriers have...
Kuwait worst hit in GCC by low oil prices: Moody’s
Renowned global credit rating service Moody's Investors Service (Moody's) expects Kuwait to be the most exposed GCC country to the prolonged decline in oil...
OPEC+ will continue with cuts to attain market stability: OPEC Official
Mohammed Barkindo, Secretary-General of global oil producer's alliance Organization of the Petroleum Exporting Countries (OPEC) has remarked that OPEC+, which includes the body and...
