July 8 – Daily Brief of World Finance & GCC News

WORLD FINANCE NEWS BRIEF

Parents Are Paying $50,000 for Prep Schools Their Kids Might Not Attend by bloomberg.com

In the rarefied world of New York City private schools, where tuition can rival that at an Ivy League college, the process of securing entry has always been fraught with anxiety.

At the sought-after Trinity School, which dates to 1709 and charges about $55,000 a year, nobody has pulled out for the fall, spokesman Kevin Ramsey said.

How companies can protect their reputation during a pandemic

There is mounting evidence to suggest companies that behave responsibly deliver stronger long-term investment returns.

Companies need to back promises with action to avoid accusations of double standards — or of doing what is “good for business” rather than doing good.

Lessons for Companies With Workers Combating Survivor’s Guilt

The survivor’s guilt felt by workers who make it through layoffs and furloughs can be hard on them and detrimental to productivity.

We asked two experts to share their perspectives on how to preserve morale and help workers persevere.

GCC NEWS BRIEF

Revealed: Full list of destinations as UAE’s Emirates, Etihad, flydubai expand network

Dubai officially reopened to tourists on Tuesday, with several flying to the city on day one.

Emirates flies to 51 destinations, while Etihad will operate flights to 58. Budget carrier flydubai currently operates flights to 24 cities.

UAE- Deloitte: Should GCC Countries Re-Calibrate Their Strategies Given Low Oil Prices?

The oil industry is facing its gravest crisis in 100 years, leading to a steep decline in fiscal revenues for many countries in the GCC.

The Deloitte report identifies four key dimensions with key questions to be considered in order to properly assess the various options and respond with resiliency.

About the author

Financial advisor to UHNWI, private entities, family offices, and companies. Certified Anti-Corruption Manager from The American Anti-Corruption Institute

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