The firm’s quarterly analysis of the automotive sector shows that across Europe, sales of cars with conventional diesel and petrol-fuelled engines dropped by about 58 percent in the second quarter of the year. This significant reduction in sales naturally reflects the low appetite to invest in luxury goods such as cars, as European consumers tighten their belts amid an uncertain economic outlook.
UAE ranked 19th on the index, which Kearney based on a survey of more than 500 senior executives – potential investors with more than $500 million in revenue – across the globe. The survey asked these potential investors to rank foreign markets based on the likelihood of drawing a direct investment from them, making it a forward looking FDI barometer of sorts.
The Big Four accounting and advisory firm surveyed more than 500 consumers in the major centres of Abu Dhabi, Cairo, Dubai, Jeddah and Riyadh, to find that the region is in the unique position of having seen the most widespread strain on financial income while also having the largest set of consumers gearing up to spend more.
Before the COVID outbreak, Smart Mobility was a topic high in the agenda of governments and the lated private sector. Now that the people are moving less and less due to the known safety concerns, is Smart Mobility a priority yet?
According to Somaya El Sherbini, co-founder of RightFoot, the collaboration will enable the boutique consultancy – the firm focuses on human capital and human resources – to tap specialised subject matter experts to augment the insights and services it provides to clients.
Global tax software provider Sovos has announced the acquisition of UK firm Accordance, which specialises in VAT managed services. EY advised Sovos on the deal, while RSM served as financial advisor on the sell side, and DMH Stallard provided legal counsel.
The task is to establish a 1.3 gigawatt (GW) electrolysis facility in the Greater Copenhagen area, capable of generating hydrogen from water in a process that will be powered entirely with offshore wind power. The “green” hydrogen generated can be used as fuel for heavy road vehicles, and can also be converted into e-methanol to power shipping vessels and e-kerosene to power airplanes.
Against a backdrop of growing demand for steering distressed companies through the choppy waters of today's crisis economy, one of the globe’s top restructuring consultancies has expanded its turnaround and insolvency offerings into Norway and Switzerland.
BlinkLane Consulting was founded in 2007 and supports clients in the private and public sector in a number of specialised areas, including business transformation, innovation, the implementation of agile ways of working and digital transformation.
“As the world continues to navigate these uncertain and turbulent times, we feel it’s important to maintain our vision of long-term goals both as a globally focused organisation, but also understanding that the client’s needs still exist,” explained Trevor Saliba, Managing Partner of NMS Consulting.
One of the key tests in the growth of a fledgling consultancy is the moment it begins to scale. While it may have been able to win contracts on a local basis, eventually a firm will need to expand its operations if it is to maintain its early momentum – and in this case launching in new geographies becomes essential. Market entry is easier said than done, however.
Facing its worst economic crisis since its twenty-year civil war, the country once known as the Switzerland of the Middle East is on the verge of collapsing. Earlier this year, the world’s third most indebted country was – for the first time in its history – forced to default on a $1.2 billion debt. With more repayments looming on the horizon, the pressure on the country is mounting.
When dealing with the COVID-19 crisis many people struggle to find the best sources of information. As a contribution to the business community, Infomineo has put together a repository of the best sources of information which we will keep updating during the COVID-19 crisis.
Egypt is one of the few countries for which IMF still forecasts positive growth for 2020. However, the overwhelmed healthcare system and insufficient testing lead the authorities to call out for a "coexistence" with the virus.
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