#MENA

World Bank sees 5.2% contraction in MENA, in line with IMF

The dual shock of lower Brent prices and the coronavirus pandemic this year has taken an especially heavy toll on the region

Talabat to launch operations in Iraq

The company will initially launch operations in Erbil, Iraqi Kurdistan early next year, before expanding into Federal Iraq

New $60m fund to invest in 120 MENA-based startups amid Covid-19 tech rally

The fund will invest in tech startups across sectors including fintech, healthtech and edutech

Arab youth

UAE once again chosen as the ‘top country to live in’ by Arab youth

Nearly half of young Arabs have considered leaving their country, due to lack of opportunities and corrupt governance, finds annual Asda’a BCW survey

UAE e-commerce platform Awok shuts shop after securing $30m funding

The global economic downturn was cited as the reason

Dubai’s Emirates NBD lists $750m bond on Nasdaq Dubai

The perpetual bond is callable after six years and pays a coupon of 6.125 per cent

Dubai launches marine agency to regulate, promote dhow sector

The agency will be the only entity responsible for dealing with dhows during their presence in Dubai waters

Four MENA IPO deals raise $814.2m in Q1 2020

Globally, 235 IPOs raised $28.5bn in Q1 2020, compared to $15.1bn in Q1 2019

Covid-19 impact on the power sector – what does the future hold?

In the wake of the pandemic, public and private power companies in the MENA region need to adjust their strategies

Alwaleed Philanthropies allocates $30m to combat the virus

The funds follow Prince Alwaleed’s move to make available many of his assets to support the kingdom’s efforts against the pandemic

LinkedIn Ramadan campaign

LinkedIn launches first-ever Ramadan campaign from the Middle East

Members can post their thoughts and stories of kindness using the hashtag #MonthOfKindness throughout the holy month

Economic confidence in MENA hits three-year low

YPO survey reveals significant declines in confidence in the GCC

80% of MENA graduates are unprepared for work

Survey points to skills gap for Arab graduates

UAE Job Market Set To Grow Further – Survey

Forty-four per cent of UAE employers are definitely hiring in the coming three months.