For many, the most valuable piece of paper these days - a job offer. Even in the grip of the pandemic, certain categories are recruiting in the UAE. Mid-to-senior management positions are worst hit in this downturn, and more to come.
The coronavirus pandemic has continued to take a catastrophic toll on America’s small businesses. According to Facebook’s State of Small Business report, 31% of small businesses and 52% of personal businesses have stopped operating as a result of the crisis.
Almost half the restaurants and hotels surveyed by the Dubai Chamber expected to go out of business in the next month alone, with three-quarters of travel and tourism companies expecting to close in that time. The Dubai Chamber of Commerce in late April surveyed 1,228 CEOs across a range of sectors during the city's strictest lockdown period.
Food delivery service Uber Eats has announced that it will cease operation in the UAE this month. The company plans to join forces with Careem’s food delivery app, following the two business’ 2019 merger.
Strict confinement rules are keeping billions of people at home in a bid to curtail the outbreak, effectively providing an enormous captive audience to entertainment giants competing in the streaming market.