How has the Covid-19 pandemic generated challenges and opportunities for economic development in Abu Dhabi?
The Middle East Economy
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Economic update | Can ESG adoption drive a sustainable coronavirus recovery in the Gulf?
10 Mar 2021
The coronavirus pandemic has raised awareness among GCC countries of the importance of environmental, social and governance (ESG) standards. If current trends continue, then ESG could become a valuable element of the region’s recovery from Covid-19.
With Covid-19 facilitating the widespread adoption of remote working practices, some emerging markets are seeking to attract digital nomads through a series of incentives and special visas.
– Global supply chains severely disrupted by Covid-19
– Multinationals turn to China +1 and nearshoring
– Worldwide increase in regionalisation and localisation
– Major regional trade deals signed or accelerated
– Economies in the region were hit by reduced trade volumes and lower oil prices
– Governments launched extensive stimulus packages to stabilise their economies
– Short-term recovery will be tied to oil prices and the resumption of travel
– The pandemic looks set to accelerate economic diversification efforts
Economic view | Salem Yousef Al Qaseer, Chairman, Labour Standards Development Authority (LSDA)
15 Dec 2020
What steps and measures has the LSDA put in place to limit the spread of Covid-19 and mitigate its social and economic impact?