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US major home goods retailer Bed Bath & Beyond files Bankruptcy petition

World Economic Magazine May 5, 2023

Bed Bath & Beyond Inc, the US-based omni chain home goods retailer, on Sunday announced that it and certain of its subsidiaries, filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code (Chapter 11) in the US Bankruptcy Court of New Jersey  to implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets.

How Digital Disruption is Impacting Traditional Banking in the Middle East?

World Economic Magazine May 2, 2023

Digital banks in UAE, Kuwait, and Saudi Arabia are posing significant challenges and opportunities for traditional banks in the region. While the prevalence of cash payments remains high, recent government policies, regulatory initiatives, and the outbreak of the COVID-19 pandemic are spurring rapid changes in the payments landscape. According to a survey conducted by McKinsey, 90% of payment practitioners believe that the shift toward digital payments will be permanent. Nonbank payment providers are predicted to emerge victorious by 60% of survey respondents, highlighting the importance of traditional banks prioritizing digitizing customer journeys and investing in fintech to remain relevant in this dynamic space.

King Charles to address a nation shaken by death of queen

World Economic Magazine September 9, 2022

Britain’s King Charles will address a country in mourning on Friday following the death of his mother Queen Elizabeth, the only monarch most Britons ever knew and the “spirit of the nation” for seven decades.

Public sector paralysed as Lebanon lurches towards ‘failed state’

World Economic Magazine August 18, 2022

He rushes to water the garden at his home in the hills south of Beirut, using the single hour of rationed state power to run the sprinkler. He then phones his mother, who is struggling to get a new passport at a state agency grappling with paper and ink shortages. “The public sector is at its end if we keep going like this,” Chaar told Reuters.

US major home goods retailer Bed Bath & Beyond files Bankruptcy petition

World Economic Magazine May 5, 2023

Bed Bath & Beyond Inc, the US-based omni chain home goods retailer, on Sunday announced that it and certain of its subsidiaries, filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code (Chapter 11) in the US Bankruptcy Court of New Jersey  to implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets.

How Digital Disruption is Impacting Traditional Banking in the Middle East?

World Economic Magazine May 2, 2023

Digital banks in UAE, Kuwait, and Saudi Arabia are posing significant challenges and opportunities for traditional banks in the region. While the prevalence of cash payments remains high, recent government policies, regulatory initiatives, and the outbreak of the COVID-19 pandemic are spurring rapid changes in the payments landscape. According to a survey conducted by McKinsey, 90% of payment practitioners believe that the shift toward digital payments will be permanent. Nonbank payment providers are predicted to emerge victorious by 60% of survey respondents, highlighting the importance of traditional banks prioritizing digitizing customer journeys and investing in fintech to remain relevant in this dynamic space.

King Charles to address a nation shaken by death of queen

World Economic Magazine September 9, 2022

Britain’s King Charles will address a country in mourning on Friday following the death of his mother Queen Elizabeth, the only monarch most Britons ever knew and the “spirit of the nation” for seven decades.

Public sector paralysed as Lebanon lurches towards ‘failed state’

World Economic Magazine August 18, 2022

He rushes to water the garden at his home in the hills south of Beirut, using the single hour of rationed state power to run the sprinkler. He then phones his mother, who is struggling to get a new passport at a state agency grappling with paper and ink shortages. “The public sector is at its end if we keep going like this,” Chaar told Reuters.

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