From feast to famine: Conquering non-performing loans in the new era of rising debt burdens

March 2020 witnessed the dramatic end of the longest bull market run in stock market history. From many investors being sanguine about the prospects for 2020 – especially in the UAE where Dubai was due to host the Expo in October (now postponed to 2021) – most companies’ revenue streams have been reduced to all but a trickle, with lockdown restrictions only just starting to be eased.