CGI Gulf Insights of the week-April-15 (275)

ByCGI Gulf Insights of the week
Monday, 30 November -1
Published inNovember -1

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March 2021

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Issue No: 263

Country Risk Update - Saudi Arabia

Risk Indicator  - DB4a
Risk Level     - Moderate
Ratings Trend  - Deteriorating

Short-term economic risk will increase as the Kingdom pledges to cut oil production in February and March, which will lead to a worsening of cross-border payment times. Weak oil prices over the next ﬁve years will see the government forced to liberalise the economy, opening up opportunities for cross-border investment and trade.Longer-term growth will be driven by government reforms under its Vision 2030, which aims to reduce dependence on oil export revenues and boost the private sector.

MARKET OVERVIEW

Dubai's Emirates NBD is said to raise Gulf's first sustainable loan

(source:Arabian Business)

Emirates NBD PJSC is raising around $1.75 billion in the Gulf region’s first sustainability-linked loan to refinance existing debt, according to people with knowledge of the plans...

S&P affirms Saudi credit ratings, outlook remains stable

(source: Arabian Business)

S&P Global Ratings affirmed Saudi Arabia’s 'A-/A-2' long- and short-term sovereign credit ratings with a stable outlook on Friday.....

UAE stocks keep momentum, with Abu Dhabi market at highest point since 2005

(source:Gulf News)

Abu Dhabi and Dubai stocks extended their gains to a third day with blue-chips leading the way, while the Saudi Arabian index.

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Bitcoin passes $60,000 for the first time

(source: Gulf News)

Bitcoin is picking up momentum once again, topping $60,000 for the first time amid optimism that the largest digital token will achieve wider adoption....

COMMODITY & STOCK MARKET UPDATE

Commodity Update

(source: Nasdaq)

The weekly commodity update from Nasdaq

Stock Market Update

(source: Mubasher)

The weekly stock market update from Mubasher

CRIF D&B WORLD

DUNS100 Achievers Program IS HERE.....

(source: Dun & Bradstreet)

“DUNS100 aims to recognize and celebrate the achievements of UAE businesses. This also propels them further to the next level and inspires their peers to do better.”...