The GCC macroeconomic environment is receiving strong support from rising oil prices, which is being used to offset the impact of rising inflation and supply chain disruptions
economic impact
Latest in economic impact
Bahrain
Rise in tourism, oil output to lift Saudi economy by 7% in 2022, outpacing other GCC nations: report
The World Bank report attributes the economic rebound in the GCC to the region’s broadly successful vaccination rollout, the easing of pandemic restrictions, and developments in the hydrocarbon market
5G connectivity
Global supply chain bottlenecks unlikely to clear until 2023, says DP World chief
New study says supply shortages will increase global inflationary pressure during 2022
Covid-19 impact
Video: David Spierings on the Netherlands Pavilion at Expo 2020 Dubai
In this episode, Construction Week speaks to David Spierings, the lead architect for the Netherlands Pavilion at Expo 2020 Dubai.
airport operations
Video: How coronavirus is changing global shipping routes
The pandemic has put intense pressure on the flow of ships from Asia to the west.
Coronavirus in India
Video: The fears of India’s tea workers in coronavirus lockdown
India has the fifth largest economy in the world but its size hasn’t protected it from the impact of coronavirus and the lockdown that followed.
business activities
Video: How are UAE’s digital businesses adapting to the new normal?
From contact-less and cashless deliveries to online live concerts to socially responsible operations – the leading internet businesses in the region have adapted to the new normal and changed their business models.
advisory services
Video: Chris Cooper on surge in construction advisory services amid Covid-19
Formed in 2019 by Chris Cooper, GIGS Advisory was set up mainly because of Cooper’s passion for “positive impact commercial and contract management can have on not just a single project, but an overall business”.
Business disruption
Video: Challenges faced by digital businesses
Weaker purchasing powers, spread of misinformation, supply chain limitations stemming from unprecedented surge in demand for online goods and services are just some of the challenges that the major online businesses in the region are facing.
Andrew Bailey
Video: Bank of England’s Andrew Bailey on the bank’s Covid-19 intervention
The governor of the UK’s central bank tells the FT how its $242bn programme of creating money and buying back bonds has smoothed the economic shock of the pandemic, and answers conference viewers’ questions on emergency measures taken since the March outbreak.
coronavirus crisis
Video: Why economic recovery may depend on a coronavirus treatment
Both the government and the pharmaceutical companies are racing to develop a treatment to end the Covid-19 pandemic, and their new workflow might entirely change how the medical industry responds to pandemics forever.
Airline operations
Video: Impact of Covid-19 on business in the GCC
Mobility is one thing that has been affected drastically because of the Covid-19 outbreak.
coronavirus
Video: How Covid-19 broke the global economy
Bloomberg speaks to the US economist Adam Posen and asks how governments and economists have measured up to the challenge of the coronavirus.
air travel
AB Live: Impact of Covid-19 crisis on travel and aviation
According to IATA, 670 carriers could go out of business in the coming months if they are not given $200bn in state support. Today, we discuss travel and aviation in the time of Covid-19 with the Regional Vice Presidents of the International Air Traffic Association, Muhammad AlBakri.
Bear market
Video: Does a bear market always signal a recession?
Stock markets tend to look forward and send warnings about the economy before they show up in current data.
coronavirus
Video: Currencies are trading sideways as world economies battle the pandemic
Most currencies matched against the US dollar dropped in March, bounced and are now trading sideways.