Public beaches in Dubai reopened on May 30, after more than two months of closure.
"Sovereign wealth funds have multiple objectives, but one of them is that they are rainy day funds, and this is a rainy day," Nomura's Tarek Fadlallah told CNBC.
Tarek Fadlallah, Middle East CEO of Nomura Asset Management, outlines how the Gulf region can weather the economic storm from the coronavirus by leaning on their "rainy day" sovereign wealth funds.
Despite the significant hit to its core ride-hailing business, Mudassir Sheikha, CEO of Careem, says the firm is well-positioned to "come out stronger" than before and is "doubling down" on other parts of the business such as delivery and payments.
Neighboring Abu Dhabi, meanwhile, the country's oil-rich capital, remains largely shut down in terms of non-essential business and leisure venues.
"In my view, in the next three to five years, sovereign-owned entities and sovereign funds will play an important role in the equity part of the game," Sonmez told CNBC.
Nearly half the restaurants and hotels surveyed by the Dubai Chamber and three-quarters of travel and tourism companies expect to go out of business in the next month alone.
Many countries, especially in Asia, have utilized extensive contact tracing to contain the spread of the virus.
Subroto Som of Mashreq Bank discusses the goals of digital transformation at the bank, including enhancing its customer experience.
The UAE has created a fund that patrons of the arts, individuals and companies can contribute to in order to support the country's creative industry, says Noura Al Kaabi, minister of culture and knowledge development.
The whole world is on a "learning curve" when it comes to managing the coronavirus pandemic, says Anwar Sallam of Abu Dhabi Health Services.
The move secures much-needed funding as the country of 82 million burns through its reserves and faces a widening fiscal deficit.
The Middle East region's economic recovery is "very much" dependent on the rebalancing of oil prices, says Carla Slim of Standard Chartered Bank. Policy responses to the coronavirus pandemic also have to consider that government revenues have been hit by oil prices, she adds.
"We are incredibly proud of our world-class workforce, however, we have had to make redundancies across several areas of our business to reflect current market conditions," an Etihad spokesperson said.
Efforts to minimize and limit the deterioration of balance sheets across the Middle East will raise questions about currency pegs in the region, but Jan Friederich of Fitch Ratings says he believes these will remain sustainable for now.
Neil Beveridge of Bernstein discusses Saudi Aramco ahead of the company's Q1 results, amid Saudi Arabia cutting production further and the current rout in oil.
The kingdom will triple VAT from 5% to 15% in July, suspend its cost of living allowance for public sector workers, and cut and delay projects part of Vision 2030.
The world's largest oil exporter is suffering from slumping prices, while at the same time measures to fight the new coronavirus are likely to curb the pace and scale of economic reforms launched by Crown Price Mohammed bin Salman.
The Emirates Airline and Group chairman does not see air travel returning to normal for at least another 18 months.
Washington's commitment to the security of its Gulf allies is unchanged despite what appears to be a shift in force posture in the region, U.S. Special Representative for Iran Brian Hook told CNBC.
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