Studies and reports

Day two discussions at the eighth International Government Communication Forum (IGCF 2019) have stressed that the media needs to assume a transformational role and governments need to communicate more strategically to increase their ‘soft power’ currencies, which have emerged to play a key role in shaping and maintaining a nation’s international image.

A survey conducted by Oliver Wyman in collaboration with INJAZ Al-Arab in the MENA region, has revealed 84% of the region’s youth respondents believe the private sector will continue to grow in the region. More than half (56%) hold a positive opinion on the sector overall - a high ‘approval’ rate for the private sector given the dominant role of the public sector in many countries. The survey evaluated demands of the future labor market and perspectives of the young generation shaping the private sector’s potential contribution to overall economic growth. 

Global markets closed higher during the previous week on the back of optimism over next week’s Brexit vote and possible trade talks between the US and China. However, the market brushed aside negative economic indicators, reinforcing a widely expected global slowdown by economists in 2019. Brent Oil surged by 4.4% during the week on the back of OPEC led supply cuts coupled with hopes that the US and China would reach a deal to end the trade tensions.

Sharjah Chamber of Commerce & Industry (SCCI) has revealed positive indicators on the economic growth in the Emirate of Sharjah despite the global and regional business environment challenges.

Global commodity prices staged a comeback this past week after the dollar failed to hold onto recent gains and rising stock markets helped to drive renewed risk appetite. The weaker dollar was led by the British pound which is headed for its best week since January following a week of Brexit drama in Parliament. The euro, meanwhile, managed to climb higher and back into the range that has prevailed for more than six months.