Sharjah has one of the most diversified economies in the UAE, with a strong foundation in industry and manufacturing. Approximately 95.8% of its economic activity was derived from non-oil sectors in 2019, positioning the emirate to absorb much of the impact of the Covid-19 pandemic.
Amid an attempt to drive a post-coronavirus economic rebound, a number of countries in the Gulf have introduced new immigration measures to help attract skilled foreign workers.
Backed by a high credit rating, advanced oil and gas production and storage capacity, and a deep sovereign wealth fund, Qatar was able to tap international debt markets to fund an effective economic response to the pandemic, while its relatively small population was well served by a modern health care system guided by clear government policy geared towards prevention as well as treatment.
From lockdowns to remote work and widespread job losses, the Covid-19 pandemic has dramatically changed the way people work. These interruptions are likely to have a significant impact on the global labour market well into the future.
Kuwait’s economy is characterised by a number of factors that helped it to withstand the severe strains caused by the pandemic.
An initiative that encourages companies to meet science-based emissions targets has seen significant growth in recent months. The success of the Science-Based Targets Initiative (SBTi) has highlighted the appetite for a more stringent and universal approach to ESG reporting.
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