The year gone by, 2020, was primarily overshadowed by the Covid-19 pandemic. Thankfully, a lot has changed now, with light at the end of the tunnel thanks to vaccine rollouts and the reopening of economies.
The fall in equity markets started in late February 2020, and continued into most of March 2020 before rallying strongly in the subsequent months. After a strong performance witnessed in 2020, the year 2021 started with renewed bouts of volatility, especially concerns over slow vaccine rollouts, new waves of virus in some countries and delays in fiscal support from the US Fed. The performance during the first part of 2021 (until May 23, 2021) was largely supported by encouraging economic indicators and robust earnings during the first quarter.
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Phi Trends: A balanced approach
2020 has clearly depicted that investors must focus on prioritising companies with sound business models, writes entrepreneur and investor Shailesh Dash, who shares his perspective in this monthly column
A delegation of medical operators from Switzerland recently visited the UAE to explore opportunities to grow the Swiss medical tourism sector
Understanding the HYDROGEN HYPE
Here’s why the GCC is well-positioned globally to play a leading role in the supply of hydrogen
Paying it forward
Financial inclusion is a not a topic that Raghu Malhotra, president of Mastercard Middle East and Africa, takes lightly. In this exclusive interview, he speaks of the importance of ensuring an equitable financial future, of leveraging key technologies and offers advice to leaders on handling a crisis
Educating a generation
Ihab Fikry and Ibrahim Kamel, co-founders of Arab e-learning platform Almentor, recently raised $6.5m in a Series B funding round. Here’s what they plan to do next
UAE-based businessman and motivational speaker Dariush Soudi reveals details about his entrepreneurial journey, his new crypto venture and why he remains bullish about the future
Moving in a new direction
The mobility industry has been evolving rapidly thanks to technology and changing consumer preferences, says Richard Sikkel, CEO of UAE-based Massar Solutions
In the driver's seat
A centuries-old Swiss watchmaker and a thoroughly British luxury carmaker recently joined forces, announcing the first timepiece as a result of that partnership
Calling tech SUPPORT
The pandemic has brought ICT to the forefront as a critical enabler of business continuity, says Hou Tao, vice president of Huawei Technologies
A swing and a win
The Emirates Amateur Golf League Mini-Series held last month proved the operational feasibility of the much-anticipated world’s first franchise-based amateur golf league that will be held later this year
NUCLEAR SUBMARINE DEAL WILL RESHAPE INDO-PACIFIC RELATIONS
The U.S., Britain and Australia have announced they’re forming a new security alliance that will help equip Australia with nuclear-powered submarines. The alliance will see a reshaping of relations in the Indo-Pacific region and beyond. Here’s what it might mean for various players:
DOORDASH, GRUBHUB, UBER EATS SUE NYC OVER PANDEMIC FEE CAPS
Three of the nation’s largest food delivery companies are suing New York City over a limit on fees it put in place during the pandemic to protect restaurants devastated by the forced closure of their dining rooms.
COURT REJECTS LAWSUIT AGAINST NSA ON “STATE SECRETS” GROUNDS
A divided federal appeals court has upheld the dismissal of an ACLU lawsuit challenging a portion of the National Security Agency’s warrantless surveillance of Americans’ international email and phone communications.
3 FORMER US OFFICIALS CHARGED IN UAE HACKING SCHEME
Three former U.S. intelligence and military officials have admitted providing sophisticated computer hacking technology to the United Arab Emirates and agreed to pay nearly $1.7 million to resolve criminal charges in an agreement that the Justice Department described as the first of its kind.
GENERAL PROMISES US ‘SURGE' AGAINST FOREIGN CYBERATTACKS
The general who leads U.S. efforts to thwart foreign-based cyberattacks, and punish those responsible, says he’s mounting a “surge” to fight incursions that have debilitated government agencies and companies responsible for critical infrastructure.
Room to Improve
Hotels take steps to prioritize diversity in the industry.
Two by Two
Two husband-and-wife teams create businesses and lives they love.
DO WE NEED HUMANS FOR THAT JOB? AUTOMATION BOOMS AFTER COVID
Ask for a roast beef sandwich at an Arby’s drive-thru east of Los Angeles and you may be talking to Tori — an artificially intelligent voice assistant that will take your order and send it to the line cooks.
UNTIL 2023? PARTS SHORTAGE WILL KEEP AUTO PRICES SKY-HIGHMONEY
Back in the spring, a shortage of computer chips that had sent auto prices soaring appeared, finally, to be easing. Some relief for consumers seemed to be in sight.
China's Alibaba Promises $15.5B For Development Initiatives
E-commerce giant Alibaba Group said it will spend $15.5 billion to support President Xi Jinping’s campaign to spread China’s prosperity more evenly, adding to pledges by tech companies that are under pressure to pay for the ruling Communist Party’s political initiatives.