Studies and reports

Summary:  FOMC meeting made it official: the Fed has thrown in the towel, and central banks are committed to defying the business cycle. But where does this leave us in terms of positioning for 2019, 2020 and beyond?

Day two discussions at the eighth International Government Communication Forum (IGCF 2019) have stressed that the media needs to assume a transformational role and governments need to communicate more strategically to increase their ‘soft power’ currencies, which have emerged to play a key role in shaping and maintaining a nation’s international image.

Sharjah Chamber of Commerce & Industry (SCCI) has revealed positive indicators on the economic growth in the Emirate of Sharjah despite the global and regional business environment challenges.

A survey conducted by Oliver Wyman in collaboration with INJAZ Al-Arab in the MENA region, has revealed 84% of the region’s youth respondents believe the private sector will continue to grow in the region. More than half (56%) hold a positive opinion on the sector overall - a high ‘approval’ rate for the private sector given the dominant role of the public sector in many countries. The survey evaluated demands of the future labor market and perspectives of the young generation shaping the private sector’s potential contribution to overall economic growth. 

Global markets closed higher during the previous week on the back of optimism over next week’s Brexit vote and possible trade talks between the US and China. However, the market brushed aside negative economic indicators, reinforcing a widely expected global slowdown by economists in 2019. Brent Oil surged by 4.4% during the week on the back of OPEC led supply cuts coupled with hopes that the US and China would reach a deal to end the trade tensions.