As recently as mid-February, equity markets were near all-time highs, oil prices were above USD 50 per barrel, volatility was low and credit markets were functioning well. Since then, the global market selloff across all asset classes has been sharp, driven by outlook uncertainty and the search for liquidity. With major indices plunging to new
Global genomics leader BGI has announced it has produced more than 10 million of its RT-PCR Tests for SARS-CoV-2, which are US FDA-approved, and is distributing them to more than 80 countries around the world, including the UAE, USA and Europe. BGI’s Huo-Yan (“Fire Eye”) Laboratories have been set up in the US, Europe, Middle
Refinitiv today released the 2020 first quarter investment banking analysis for the Middle East. According to the report, investment banking fees in the Middle East and North Africa reached an estimated US$188.8 million during the first quarter of 2020, up 11% from last year’s slow start, with triple-digit gains recorded across mergers and acquisitions (M&A)
The latest data from YouGov’s survey run between 8th– 15th April shows an increasing number of people in the UAE and KSA are concerned about the loss of job or salary due to the ongoing Coronavirus crisis. The proportion of respondents who said this has increased from 44% to 51% this week. Notably, UAE residents are
Consumers in the UAE have loved the Huawei’s P series for its gorgeous design and unique finishes that make it stand out from the rest of the smartphone crowd. Be it introducing new colors or entirely new looks, the HUAWEI P series has built a reputation among users in the UAE as the pinnacle of
As work environments around the world continue to change and more companies are offering flexible and remote work options, Galaxy users are increasingly finding themselves working from home. Adjusting to a remote work environment can be a challenge, but it can also be an opportunity to live a more balanced and productive life. Here are
UAE-headquartered Truebell, a leading GCC importer of fast-moving consumer goods (FMCG) has outlined the importance of responsible shopping across the country – reducing the need for panic buying, stockpiling and in some cases hoarding. Following images from around the world including the US and the UK, where hundreds of shoppers are queuing outside supermarkets daily,
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