This has been a tough year across the world – the global spread of Covid-19 has meant that no region or country has been immune to its adverse social and economic impact. However, the way the crisis has been handled has differed widely worldwide. While lockdowns were initially common in most nations, subsequent measures have been largely decided on an individual basis.
Looking at Dubai, the emirate was quick to introduce precautionary measures as it reopened the economy and continues to monitor the situation closely, with violators facing stiff penalties. The first in the GCC region to welcome tourists in July, Dubai has now resumed most business activities. All this has helped ignite the recovery process for companies operating in the emirate.
Business conditions in Dubai’s non-oil private sector improved for the third straight month in September, IHS Markit’s monthly Purchasing Managers’ Index (PMI) found. With a rise in activity and new business, Dubai’s PMI rose to 51.5 in September from 50.9 in August, remaining above the 50 mark that indicates growth. Although the travel and tourism sector continued to decline, it was at the slowest pace since February, the report found.
“Just like many other major cities around the world, Dubai has gone through a major transition over the last six months with its economy and business landscape reshaped by Covid-19,” says Hamad Buamim, president and CEO of Dubai Chamber of Commerce and Industry. “This is a pivotal moment for Dubai as the emirate is just beginning to restart its meetings and events industry after reopening its borders to tourists only a few months ago.”
Denne historien er fra November 2020-utgaven av Gulf Business.
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Denne historien er fra November 2020-utgaven av Gulf Business.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Green lights
It hasn’t even been a full year that Stellantis, one of the world’s biggest auto companies, has been in existence. Still, its wheels are spinning furiously. Here’s what it has in store for the region
Purpose through corporate responsibility
Every organisation must deeply reflect about whether they are leaving behind a legacy or a liability, says Abdulaziz AlSowailim, EY MENA chairman and CEO
Analysing the layers of a coconut
When we have a sense of clarity as to our purpose in life, then we institute the correct practices and habits around us, and set realistic and achievable results
DUNES TO DOMINION
FOR A COUNTRY RICH IN TRADITION AND DRIVEN BY AMBITION, THE UAE’S JOURNEY DURING THE PAST 50 YEARS HAS BEEN UNPRECEDENTED. WHAT’S IN STORE FOR THE NEXT 50?
Building strong
International investors are boosting Dubai’s residential property market, which has rebounded strongly from the Covid crisis, writes Aarti Nagraj
CHASING THE AMERCIAN DREAM
FOR SHAI ZAMANIAN, THE US IS A LAND OF LIMITLESS POSSIBILITIES, AN AVENUE HE AIMS TO OPEN FOR FAMILIES WORLDWIDE VIA IMMIGRATION. HERE’S HOW HE IS BRINGING HIS GOAL TO FRUITION
OBITUARY: JOCELYN HENDERSON (1921-2021)
THE GRANDE DAME OF ABU DHABI – THE WIFE OF A FORMER DIPLOMAT – PASSED AWAY IN THE UAE CAPITAL AGED 100
THE DIGITAL DISRUPTORS
IN THE COMING YEARS, THE GCC IS EXPECTED TO PLAY A SIGNIFICANT ROLE IN SECTORS SUCH AS HEALTHCARE, MANUFACTURING, EDUCATION AND RETAIL, WHICH WILL HELP BOOST THE GROWTH OF ITS NON-OIL ECONOMY
Signed, sealed, delivered
Nicolas Baretzki, CEO of Montblanc, partnered with one of the world’s most recognisable luxury brands, Ferrari, earlier this year. Here’s where the partnership, and the German company as well, is headed next
UP, UP AND AWAY
AS THE FIRST IN-PERSON AIRSHOW TO TAKE PLACE SINCE THE OUTBREAK OF THE PANDEMIC, THE EVENT SAW SEVERAL DEALS ANNOUNCED
