Sunday 29 March 2020

Covid-19 pandemic to sink oil price to $40 in a year

The end of a three-year accord between Russia and Opec is proving a game-changing shock to the oil market as the Covid-19 pandemic hits demand. The resulting price war between Russia and Saudi Arabia challenges the US’s dominance of the global market. The end of a three-yea


Modes of transmission of virus: implications

The novel coronavirus (COVID-19) virus is mainly transmitted between people through respiratory droplets and contact routes according to current evidence, says a scientific brief from WHO. Based on the available evidence, WHO continues to recommend droplet and contact precautions for t


75pc firms risk averse linked to innovation: report

About 75 per cent organisations are risk averse when it comes to innovation and less than 60 per cent of business leaders support trial and error linked to innovation, according to a new report.   As organisations worldwide have been rolling out innovative solut


COVID-19 pandemic and the insurance dilemma

As the world holds its collective breath over the full human and geographical impact of COVID-19, which is developing on an hourly basis and which remains unclear amidst the uncertainty of exponential transmission rates, one common consideration is to what extent private insurance policies re


The impact of AI on human intelligence

The AI (artificial intelligence) market is growing at an astounding rate. IDC predicts it will exceed $79 billion by 2022 and Gartner concurs, stating that by 2020, AI will be one of the top five investment priorities for more than 30 per cent of the world’s CIOs, writes Matthew Kibby,


Mideast facing dual shock; impact may intensify

The impact of COVID-19 and the oil price plunge in the Middle East and the Caucasus and Central Asia has been substantial and could intensify, says an International Monetray Fund blog by Jihad Azour. This blog is part of a series providing regional analysis on the effects of the coronavirus.


Oman's stimulus may weaken banks’ credit profile: Moody’s

The Oman’s RO8 billion ($21 billion) stimulus package will limit the economic blow of the coronavirus outbreak on the economy, but weaken banks’ credit profiles, a credit negative, said Moody’s in a new report. The stimulus package contains several measures. It


Coronavirus shutdowns ‘to hit near-term growth’

Some politicians have referred to the Covid-19 pandemic as a war against an invisible enemy. Financial markets have reacted to the spread of the virus with sell-offs and drying up liquidity that looks similar to the reactions seen at the start of the twentieth century’s two world wars.


Coronavirus may impact UAE construction sector: report

The UAE’s construction sector has been indirectly affected by some of the social distancing measures that have been implemented to ‘flatten the curve’ of the spread of the coronavirus (Covid-19), according to a report. Global economic activity has slowed sharply


Chemical and oil companies to slash capex

In the wake of the coronavirus and collapse in crude oil prices, chemical, and oil and gas, and midstream companies will all slash capital spending (capex) for growth projects to preserve cash.    As a result, the US and global chemical investment wave look

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