Tag: COVID-19 Impact
46% of UAE consumers see COVID-19 impact on retail shopping till...
About 46 percent of UAE consumers expect the COVID-19 pandemic to affect retail behavior in 2022 also, as people focus on essential purchases, according...
Bahrain gives 3 months extension to support program for COVID-19 affected...
The Kingdom of Bahrain will extend the government support program for businesses hard hit by the COVID-19 pandemic for three more months, according to...
GCC economies projected to grow 2.1% in 2021: ICAEW
Gulf Cooperation Council (GCC) countries are expected to rebound by 2.1 percent this year, supported by oil prices rise, ease in COVID-19-driven restrictions and...
Global oil demand to reach pre-COVID level by 2022 end; IEA
Oil demand is set to rise above pre-pandemic levels by the end of 2022, the International Energy Agency (IEA) predicted, urging OPEC and its...
World Bank forecasts 5.6% global growth in 2021; Fastest since 1973
The Washington-based international financial institution World Bank has increased its global growth forecast for 2021 to 5.6 percent, predicting the fastest economic rebound in...
COVID-19 intensified the challenges faced by central banks; QCB governor
COVID-19 has added to the challenges confronted by central banks, which now have to address economic downturns, the emergence of new technologies and changing...
Mass vaccination efforts & eased travel restrictions give hope to tourism...
Despite the current difficult situation for the tourism industry, the economic recovery due to inoculation efforts gaining momentum and fewer travel restrictions for vaccinated...
Bezos buys an insanely expensive mega-yacht; Signals a thriving luxury industry
Founder of American eCommerce giant Amazon, Jeff Bezos, will reportedly soon take delivery of a mega-yacht proving that the niche industry for billionaires is...
