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Persistent COVID 19 Repercussions in the Gulf

Gulf

According to a report by S&P Global Ratings agency, Gulf states’ GDP is likely to recover by around 2% in 2021.

Business News Report

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Standard & Poor’s has expected oil prices to reduce Gulf’s budgets deficit for the current year by the nearly the half. The agency expected...

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At the time the world is trying to fight the Coronavirus pandemic, and amid the repeated economic shutdowns, labor rights violations have escalated in...

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Recording profits of $25 billion in 2020 – the lowest since 2002, Gulf banks net profits in 2020 were the lowest in 7 years,...

Finance

Gulf banks have lost nearly a third of their profits during 2020, affected by the Coronavirus pandemic repercussions and the measures taken to confront...