03/17/2020
COVID-19: Implications for business
We will update it regularly as the outbreak evolves.
Research, Comment and Analysis
03/16/2020
Across Middle East, efforts to stop virus shake up daily life
The country decided on Friday to close all educational institutions for three weeks.
03/16/2020
Indoor air is not coronavirus-ready
CEO of Condair Group Oliver Zimmermann comments on the lack of humidity control regulations for public buildings.
03/16/2020
UAE, Saudis reveal $40.6 bil stimulus to support economies hit by coronavirus, oil crash
Brent crude is now threatening to dip below $30/b and test levels last seen back in 2004. Some industry veterans even fear prices could plummet further to historic lows
03/16/2020
Saudi Arabia Announces $13 Bln Coronavirus Financing Package
Saudi health ministry spokesman Mohammed Abdelali on Saturday urged the population of 30 million to avoid gathering in public places, minimize movements and stay at home as much as possible.
03/16/2020
Coronavirus breakthrough: Australian researchers find ‘cure’
He said one of the medications, given to some of the first people to test positive for COVID-19 in Australia, had already resulted in ‘disappearance of the virus’ and complete recovery from the infection.
03/13/2020
COVID-19: key questions for employers
Carla Benest (Partner, Jersey) and Rachel Guthrie (Senior Associate, Guernsey)
03/13/2020
Kuwait gears up for coronavirus lockdown, minister urges calm
It was not clear how long the ban on commercial flights in and out of Kuwait would last.
03/13/2020
Focus: How to work remotely
We respond to emails, reply to texts and take calls at any time to be at the top of our game, even outside of work hours.
03/13/2020
Coronavirus Economic Planning: Hoping for the Best, Prepared for the Worst
This blog is part of a special series on the response to the coronavirus.
03/12/2020
30% of UAE women executives will change companies for a better career
52% percent expect next career move within the same company
03/12/2020
Kuwait to suspend all flights from Friday over virus
Authorities also announce a public holiday in the country from March 12-26 in bid to prevent spread of coronavirus
03/12/2020
Coronavirus: How deep will the new recession be?
A combination of virus attack and oil price shock pushes economy to the edge
03/12/2020
EY: Five MENA IPOs raise US$30.0b in Q4 2019
Global IPO activity saw 353 IPOs raising US$84.5b in Q4 2019
03/11/2020
Sovereigns under threat by COVID-19 and oil price shock – Fitch
A number of emerging market sovereigns were downgraded following the 2014 to 2016 oil price collapse and many oil exporters "are still struggling to adjust to that shock
03/11/2020
Lebanon’s private creditors face significant losses, Moody’s warns
Fitch Ratings on Monday downgraded Lebanon’s long-term foreign-currency issuer default rating to ‘C’ from ‘CC’
03/11/2020
Lebanon debt default to result in big losses for banks
Country faces extreme financial and economic pressures, says Moody’s
03/11/2020
Record number of new firms join DIFC
The DIFC contributed to the creation of 2,034 new jobs, increasing the combined workforce to more than 25,600 professionals, up 9% vs 2018, representing more than 140 nationalities.
03/11/2020
Banks see no reason to delay repayment of citizens’ loans
CBK sets up KD 10m fund to support govt over coronavirus
03/11/2020
The impact of coronavirus on the UAE banking sector
Moody's Investor Services expects 'broad-based shock' to the UAE's economy