Deloitte Middle East Point Of View Magazine: Back To Work?
The future of public health, Dubai’s real estate performance in 2020 and fuel retail businesses and changing landscapes are discussed by Deloitte experts in the latest edition of Deloitte’s Middle East Point of View (ME POV) magazine.
Dunia Joulani and Manika Dhama look at Dubai’s real estate market in 2020 and emerging trends. “There is an opportunity to showcase Dubai during 2021 in a post-
Covid world to both visitors and residents,” they write and that “the market recovery to 2019 levels is not expected until the end of 2023, or later.”
Bart Cornelissen, Carmen Hamze, Abdellatif Smairi and Tatiana Ibrahim examine the
changing paradigms of the fuel retail business in their article Future-proof: Fuel
retail businesses and changing landscapes. They note that “the landscape in which
GCC fuel retailers operate is being reshaped by certain macro-forces […] These forces are also coupled with a change in fuel retailer customer behavior.” As such: “Players in the GCC fuel retail market need to fundamentally reimagine and update ways of working to
appeal to the customer base which […] is experiencing a shift in their preferences
Damian Regan in his article The coming of ESG reporting focuses on the role that companies can play in ensuring sustainability, and says: “The recent Covid-19 pandemic serves as an example of how something largely beyond our short-term control can have a devastating impact globally.
Holly Byrnes and Abi Man Joshi in their article Sovereign and special talk about a
different kind of sustainability, that of the global economy and the role that sovereign wealth funds (SWF) play in it.
Rana Shashaa, Waqas Ahmed, Tom Howitt and Paul Huck, look at enhanced due diligence for lenders and financiers. They say: “As the global and regional economy starts to recover from the Covid-19 pandemic, large corporates will arguably need access to credit as never before.”
In their article on the future of public health in a post-Covid world, Elsy Maria Dumit Abdelhamid Suboh and Rohan Sawhney and write: “As we progress through
[the pandemic] and the subsequent global mental health pandemic we are likely to face, a future of public health that is personalized, participatory, predictive, and precise will help us navigate changed public health principles and how we deal with ourselves.”
Zaynah Vohra writes about inspiring trust through enhanced governance. “Effective
implementation of internal control over financial reporting will surely help shield
capital markets from the impacts of uncertainty and support investor confidence in the region to thrive,” she says.
Fernand Rutten and Shaimaa Husseiny assess the risks and opportunities
offered by free zones in the Gulf region. “While companies operating out of free zones in the GCC benefit from a lot of facilitation of the goods clearance and
movements in addition to the customs duty suspension, they do face a maze of
complex import, export and border security regulations.”
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