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Further cuts to MENA construction sector expected for 2020

Further cuts to MENA construction sector expected for 2020

The Middle East and North Africa (MENA) construction sector is expected to be bit by the triple whammy of lower oil production, low oil prices and contracting non-oil sectors. Leading data and analytics company GlobalData has further cut its construction output growth forecast for the region for 2020 to -2.4%, down from the previous forecast of 1.4%, in light of continued spread of COVID-19.

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Developed Countries to compete with Low-Cost Labour in the Developing

Developed Countries to compete with Low-Cost Labour in the Developing

The COVID-19 pandemic will accelerate the rise of industrial automation and enable manufacturers in developed countries to compete with low-cost labour in the developing world. As such, developing countries must respond by developing local industrial capabilities with new technologies and skills that will allow them to become more integrated into world trade.

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MENA countries of today are still divided

MENA countries of today are still divided

With the “Oil for Protection” pact with the United States in 1945 and the contribution of petrodollars, Wahabism took off. It was exposed outside the kingdom, notably to Egypt, Syria, and Iraq. This export was a defence system against the ideological incursions of neighbouring republics states, all friends at the time of the Soviets, and sworn enemies of the Saudi monarchy.

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Second MENA Green Building Congress

Second MENA Green Building Congress

The Second MENA Green Building Congress organised under patronage of UAE Minister of Climate Change and Environment did highlight the fact that this Virtual two-day event underscored the need to revive green economy in planning post-Covid-19 recovery.

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