CGI Gulf Insights of the week-April-15

  • ByCGI Gulf Insights of the week
  • Monday, 05 April 2021
  • Published inApril 2021
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March 2021 [email protected] Issue No: 263
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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
 
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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...
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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.....
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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....
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COMMODITY & STOCK MARKET UPDATE
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Commodity Update
(source: Nasdaq)
The weekly commodity update from Nasdaq
 
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Stock Market Update
(source: Mubasher)
The weekly stock market update from Mubasher
 
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CRIF D&B WORLD
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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.”...
 
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Explore DUNS100 on GULF NEWS
(source: Dun & Bradstreet)
DUNS100- related content will be featured on Gulf News under our very own section titled DUNS100....
 
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