{"id":573479,"date":"2020-08-06T04:03:12","date_gmt":"2020-08-06T04:03:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/"},"modified":"2020-08-06T04:03:12","modified_gmt":"2020-08-06T04:03:12","slug":"optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/","title":{"rendered":"Optimism for a recovery following a 2020 pummeling in the Middle East"},"content":{"rendered":"

2020 sucks, but folks in the GCC are increasingly optimistic about prospects for a <\/strong>recovery<\/strong>: <\/strong>Although low oil prices and covid-19 have left the Middle East battered this year, optimism remains high for a recovery in the near future. This is the message relayed by some of the Gulf\u2019s leading business figures in this Bloomberg special looking at the region\u2019s prospects in the months ahead (watch runtime 24:06<\/a>). Dubai Tourism chief Helal Al Marri<\/strong> told the news information service that he expects to \u201csee the last quarter of the year much improved\u201d while Emaar chairman Mohamed Alabbar<\/strong> says the firm will be in \u201cgood shape\u201d by this time next year. Governor of the Saudi Arabian Monetary Authority (SAMA) Ahmed El Kholifey<\/strong> sees \u201clight at the end of the tunnel but remains vigilant\u201d until a full recovery is complete. The precise timing of the recovery varies but the messaging remains the same. One exception is Qatar Airways CEO Akbar El Baker<\/strong>, who warns that it may take two or three years before a sense of normalcy is restored to the aviation industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

2020 sucks, but folks in the GCC are increasingly optimistic about prospects for a recovery: Although low oil prices and covid-19 have left the Middle East battered this year, optimism remains high for a recovery in the near future. This is the message relayed by some of the Gulf\u2019s leading business figures in this Bloomberg […]<\/p>\n","protected":false},"author":1,"featured_media":573480,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9004],"tags":[107,104,1527,72,345,1444,3284,219,238,2388],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-watching","tag-covid-19","tag-economy","tag-emaar-misr","tag-enterpriseam","tag-mena","tag-mohamed-alabbar","tag-qatar-airways","tag-saudi-arabia","tag-tourism","tag-worth-watching","wpautop","entry"],"acf":{"mongo_id":"1d206c5a-ab5b-4f0b-8bac-d6a2273fd795","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/8\/36.jpg","photo_position":"above","related_issue":[573459],"teaser":"","voice_url":""},"yoast_head":"\nOptimism for a recovery following a 2020 pummeling in the Middle East - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Optimism for a recovery following a 2020 pummeling in the Middle East\" \/>\n<meta property=\"og:description\" content=\"2020 sucks, but folks in the GCC are increasingly optimistic about prospects for a recovery: Although low oil prices and covid-19 have left the Middle East battered this year, optimism remains high for a recovery in the near future. This is the message relayed by some of the Gulf\u2019s leading business figures in this Bloomberg […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-06T04:03:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/36.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Optimism for a recovery following a 2020 pummeling in the Middle East\",\"datePublished\":\"2020-08-06T04:03:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/\"},\"wordCount\":192,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/36.jpg?fit=%2C&ssl=1\",\"keywords\":[\"covid-19\",\"economy\",\"Emaar Misr\",\"EnterpriseAM\",\"MENA\",\"Mohamed Alabbar\",\"Qatar Airways\",\"Saudi Arabia\",\"tourism\",\"worth watching\"],\"articleSection\":[\"Worth watching\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/\",\"name\":\"Optimism for a recovery following a 2020 pummeling in the Middle East - 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member, according to an emailed statement (pdf). Azmy is also a board member of the local Emirates Chapter of the Young Presidents Organization, an\u2026","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/245.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561221,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/emaar-loves-egypt-editas-big-move-in-morocco\/","url_meta":{"origin":573479,"position":3},"title":"Emaar loves Egypt + Edita\u2019s big move in Morocco","author":"enterpriseam admin","date":"30 March 2021","format":false,"excerpt":"Emaar Properties plans to double its Egypt operations to 30% of its overall business, founder Mohamed Alabbar told Asharq Business, describing Emaar Misr as the \u201cstar performer\u201d of 2020. This follows the company\u2019s announcement earlier this week of its intention to spend EGP 37.8 bn developing a 500-feddan residential project\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":556972,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/01\/plans-for-new-natgas-networks-and-yacht-tourism-on-the-airwaves\/","url_meta":{"origin":573479,"position":4},"title":"Plans for new natgas networks and yacht tourism on the airwaves","author":"enterpriseam admin","date":"1 September 2021","format":false,"excerpt":"The talking heads were focused yesterday on a cooperation protocol between the Planning and Oil Ministries for financing the implementation of natgas networks in rural areas across Egypt: The first of three phases of the project will cost state coffers some EGP 17 bn, coming as part of the government\u2019s\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593663,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/egypt-and-uaes-emaar-finally-settle-their-uptown-cairo-beef\/","url_meta":{"origin":573479,"position":5},"title":"Egypt and UAE\u2019s Emaar finally settle their Uptown Cairo beef","author":"enterpriseam admin","date":"7 October 2019","format":false,"excerpt":"DISPUTE WATCH- Egypt and UAE\u2019s Emaar have finally settled their beef over Uptown Cairo: Property developer Emaar Misr has signed a final settlement with the Egyptian government to resolve a two-year dispute with state-owned El Nasr Housing over the Emirati company\u2019s alleged failure to develop 3 mn sqm of land\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/10\/1356.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/573479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=573479"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/573479\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/573459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/573480"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=573479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=573479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=573479"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=573479"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=573479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}