Friday 3 July 2020

Overcoming obstacles to keep trade flowing

The present extraordinary circumstances have called for an extraordinary response across the globe. The trade finance industry – not known for its ability to swiftly enact change – has had to rapidly adapt. But what changes have banks in the Middle East been making to keep trade f


Chinese oil majors in talks to raise bargaining power: report

Four of China’s major state oil companies are in talks to enhance the bargaining power and avoid bidding wars for key crude oil grades by exerting pressure on exporters for more favourable terms, a report said. The long deliberated crude oil buying consortium is made up of


Global economy: A V-shaped recovery in 2021?

Global economy is expected to witness a 5.1% contraction in 2020 due to the rapid spread of Covid-19, followed by a robust 6.5% recovery in 2021, said Atradius, a world leader in credit insurance, surety and debt collection, in a new report. The swift proliferation of the pandemi


Three months to get control of data

Having come into effect, the new Dubai International Financial Centre Data Protection Law 2020 law will bring enhanced governance and transparency obligations.    Companies operating in DIFC and beyond now have three months to address the requirements of DP


Coping with low oil and Covid-19 pandemic in GCC

The dual crisis engendered by the conflict over production levels within Opec + and the reduced demand caused by the Covid-19 pandemic have prompted a global, sector-wide downturn in the oil and gas (O&G) industry in the GGC, a report said. Demand for oil has fallen by over 1


Putting technology at the forefront of Bahrain’s Covid-19 fight

As the world looks to establish a “new normal” amidst the ongoing Covid-19 pandemic, information and communication technologies (ICT) are coming to the fore in Bahrain as critical tools in protecting public health and in realising socio-economic stability, an industry expert revea


Amazon, Apple remain world’s most valuable brands

Amazon maintained its position as the world’s most valuable brand, growing 32% to $415.9 billion, while Apple maintained its position as the second most valuable global brand (+14%, $352.2 billion), according BrandZ, a global brand equity database. Having first entered the


Mideast SWFs ‘must rethink strategies post-pandemic’

Current strategies post-Covid-19 recovery may be outdated, and Middle Eastern Sovereign Wealth Funds (SWF)are required to relook at strategic approaches in multiple touchpoints and layers, said BCG in a new report. To guide leaders through the interim phase following the pandemic


Future of work top priority for HR leaders: Gartner

The Covid-19 pandemic has triggered a major shift in priorities among human resources (HR) leaders, with the ‘future of work’ becoming the number one priority, said leading research and advisory company Gartner in a new report. A recent Gartner survey of 172 HR leader


Preparing for a new post-pandemic economic era

The aftermath of the economic and market turbulence due to Covid-19 has redefined the landscape for GCC member states. A relatively bleak growth outlook requires a shift in expectations – with a recovery unlikely until 2021. However, some GCC countries such as the UAE, Kuwa

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