CGI Gulf Insights of the week ) (copy 03)

  • ByCGI Gulf Insights of the week
  • Monday, 17 January 2022
  • Published inJanuary 2022
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January 2022 [email protected] Issue No:302
Country Risk Update -  Oman

Risk Indicator  - DB5a
Risk Level        - High
Ratings Trend  -  Deteriorating
Political risks have spiked as Covid-induced unemployment stokes social unrest and threatens to derail fiscal and economic reforms. Sultan Haitham's smooth succession reduces the risk of domestic instability and increases the likelihood of needed fiscal reforms. The economy has good potential for diversification, including tourism and logistics
 
MARKET OVERVIEW
 
UAE bank deposits grew 80 per cent in 10 years
(Source: Gulf Business )
Deposits at UAE banks grew 80 per cent to Dhs1.884 trillion in 2020 from Dhs1.049 trillion in 2010. According to a report by the Federal Competitiveness and Statistics Centre....
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Gold holds biggest decline in six weeks after bond yields surge
(source: Gulf Business )
Gold was steady after posting its biggest drop in six weeks as bond yields surged, with investors bracing for monetary policy tightening in 2022...
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Mideast’s biggest bank raised provisions and remains on alert
(source:Gulf Business )
Qatar National Bank braced for credit losses by boosting the amount of money set aside in provisions and signaled caution over the main international markets where it has a presence....
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New ADIB Global Sukuk Fund raises more than $160m
(source: Gulf Business )
Abu Dhabi Islamic Bank (ADIB) has raised more than $160m through the ADIB Global Sukuk Fund, its flagship fund, which it launched in October 2021.....
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COMMODITY & STOCK MARKET UPDATE
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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