Covid 19: who are the biggest winners and losers?

Covid 19: who are the biggest winners and losers?

Global markets have taken a chilling hit amid the coronavirus epidemic, but some sectors are bringing in the dough


Stock markets are plummeting, oil prices are plunging, travel is being restricted, events are being scrapped, millions are placed under quarantine – it’s hard not to be concerned over the impact of the chilling coronavirus epidemic.


Just don’t tell that to Gail Clough, co-founder of the Laughter Factory, the Middle East’s longest-running comedy night.


“We’re so up! Like 30 percent,” she tells Arabian Business. “We were sold out…I probably turned away more people than I let in.”

The long-standing and undisputed matriarch of the Dubai comedy scene is among those who have managed to find a silver lining amid the doom and gloom of the coronavirus epidemic.


Avaya International is seeing a significant advancement in remote working

From comedy clubs, streaming platforms and home delivery services, to cyber security firms, video-telecommunications specialists and e-commerce retailers, some companies have managed to emerge from the chaos of the outbreak with swelling customer bases, growing brand recognition and – perhaps – promising financials down the line.


In Clough’s case, the coronavirus-related spike in attendance stands to reason: in tough times, many Dubai residents are simply “in need of a laugh”. Despite the cancellation of one of her shows in Abu Dhabi, Clough says crowds at Laughter Factory events in Dubai have remained packed, with no decline from the evening’s average nightly crowd of 175 people.


Growing in attendance

“We’re smashing the numbers with this,” she says. “Dubai’s going strong. Takes more than a bit of snot to come between us and a night out.”


Growing attendance figures are a standard fixture of Dubai’s comedy goers as many hope to esca ..

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