INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Pandemic delivers major blow to well-being in MENA

     

    • Unemployment, negative emotions rose in MENA region during COVID-19

    • Employees in the region have reported the world’s highest rates of sadness

     

    No other region has reported being affected by the Covid-19 pandemic as much as the region of Middle East and North Africa (MENA), a study by Gallup has revealed.

    According to the State of the Global Workplace: 2021 Report,  about 54 percent of the people in the Middle East and North Africa (MENA) have said the coronavirus pandemic has affected their lives “a lot.” The global average is 45 percent.

    “The impact of the coronavirus hit every element of people’s wellbeing — career, financial, physical, social and community — but in the MENA region, its hardest punch according to respondents was economic,” the report said.

    Over half, 54 percent, of those with jobs at the time of the pandemic have reported working fewer hours and 23 percent have lost their job or business. Almost half, 48 percent, of those employed at the time of the pandemic lost pay as employers cut wages to stay afloat.

    Though working men were much more likely to lose income or a job than women (54 percent vs. 37 percent respectively) — which tracks with the greater proportion of men than women in the local workforce — age didn’t seem to affect who lost wages at work as generations were affected at equal rates.

    Employees in the MENA region reported the world’s highest rates of sadness (35 percent up eight percentage points from 2019). Worry also increased (46 percent, up five points from 2019), and half (50 percent) said they were stressed “a lot” during the previous day.

    Globally, Gallup’s World Poll found substantial increases in experiences of sadness, worry and stress among workers employed for an employer during 2020.