The UAE’s status as a vital global logistics hub is helping the global community effectively navigate the coronavirus pandemic – according to a new Analysis by Dubai Chamber of Commerce and Industry (Dubai Chamber).
Bayt.com, the Middle East's #1 job site, has recently conducted a new survey in partnership with YouGov, global online market research company, in order to better understand the COVID-19 pandemic and its impact on current and future workforce. The survey reveals that 2 in 3 of GCC professionals foresee an increase in virtual job search amidst Coronavirus pandemic.
The entire world is trying to come to terms with the unprecedented challenges of the COVID-19 outbreak, and the UAE is no different. While social distancing has created challenges for business continuity in the last two weeks, the real estate sector was largely unaffected in the first quarter of 2020, since the Dubai government began introducing restrictive measures to safeguard public safety from the second week of March. In fact, based on the latest data released by the UAE’s leading property website, Bayut, the Dubai real estate market has been showing promising signs of stability in the first three months of 2020 with property prices across popular areas in the emirate holding steady or even slightly increasing in Q1 2020, compared to the prices in Q4 2019.
The United Nations High Commissioner for Refugees (UNHCR) launched today its annual Islamic philanthropy report, highlighting the impact of the Refugee Zakat Fund on the most vulnerable refugees and internally displaced persons (IDPs) across the globe, managing to assist more than 1 million beneficiaries in 2019 with Zakat funds.
Global equity markets performed positively during the week as investors were encouraged by the progress and continued support from the Central Banks. Investors preferred to look at the brighter side of news regarding the pandemic, especially early signs of new cases stabilizing in European countries.
For the past three months, the COVID-19 outbreak has radically changed people’s daily lives and preferences around the world. Across the globe, people are being encouraged to stay at home in order to ensure their health and safety. As the Coronavirus pandemic continues to grow, technology usage and habits are also seeing major changes.