Posts filtered by tags: Covid Bloomberg[x]


World Cup Host #Qatar Tries to Build Its Way Out of Covid - Bloomberg

World Cup Host Qatar Tries to Build Its Way Out of Covid - Bloomberg It’s pretty much business as normal at Lusail, a half-built metropolis north of Doha’s main corniche. At least 20 cranes dot the dusty skyline as a dozen workers toil on the roof of a hotel site overlooking a new artificial island. Trucks ply around a giant mound of sand.If the coronavirus, global economic squeeze and the future of hydrocarbons are raising questions about the viability of projects across the Gulf, you’d never k...
Tags: Travel, Qatar, Dubai, Abu Dhabi, Doha, Gulf, Lusail, Rupert Neil Bumfrey, Covid Bloomberg, Host Qatar Tries

S&P Sees Tough Years for #Dubai Property, 11% GDP Crunch on Covid - Bloomberg

S&P Sees Tough Years for Dubai Property, 11% GDP Crunch on Covid - Bloomberg:Dubai’s economy will likely suffer a “significant shock” this year as the coronavirus pandemic and its consequences weigh on most sectors in the Middle East’s business hub, according to S&P Global Ratings.S&P also stripped the city’s best-known real-estate developer of its investment-grade credit rating. Gross domestic product in the emirate will shrink about 11% this year, and will only recover to last year’s nominal g...
Tags: Travel, Middle East, Dubai, Emaar Properties, Rupert Neil Bumfrey, Emaar Malls, Timucin Engin, Covid Bloomberg, DIFC Investments Ltd