Tag: COVID-19 Impact
GCC economies to grow 2-3% in 2021; Reuters survey
The six countries in the Gulf Co-operation Council (GCC) are projected to rebound and expand 2 percent to about 3 percent this year, while...
World Travel Market launches ‘Platform for Change’ to address tourism issues
The World Travel Market (WTM), the leading global event for the travel industry has rolled out a new platform to encourage debates and discussions...
Global construction sector to grow 5.7% in 2021 despite pandemic hit;...
UK-based data analytics and consulting company, GlobalData in its latest report revealed that the growth in global construction output will reach 5.7 percent this...
Global startup funding hit $156 billion in Q2 2021; Report
The global startup funding surged 157 percent between the second quarter (Q2) of 2020 and Q2 2021 from $60.7 billion to a record $156.2...
Apple pushes back return to offices with the rise in COVID-19...
The US-based technology giant Apple is delaying its return to office deadline by at least a month to October at the earliest, because of...
53% of global population will rely on digital banking in 2026;...
In 2026, the number of digital banking users will reach more than 4.2 billion from 2.5 billion in 2021, which equals 53 percent of...
S&P cuts Kuwait’s credit rating to A+ from AA- on lack...
Credit rating agency S&P Global Ratings has downgraded Kuwait’s rating for the second time in less than two years citing the Gulf state’s lack...
Saudi’s economy to grow 2.4% in 2021 driven by non-oil sector;...
Saudi Arabia’s immediate response to the COVID-19 pandemic has cushioned the impact on the economy which is now projected to grow by 4.3 percent...
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