Market potential has been undermined by increasing tensions with fellow GCC member the UAE, which is resulting in the raising of formal and informal bilateral barriers. 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
UAE’s Securities and Commodities Authority approves GCC’s first SPAC regulatory framework
(Source: Gulf Business )
The Securities and Commodities Authority (SCA) has approved the region’s first Special Purpose Acquisition Company (SPAC) regulatory framework.
The approval will pave the way for the listing of the first SPAC on the Abu Dhabi Securities Exchange (ADX) this year
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Gold set for second weekly advance as inflation, yields in focus
(source: Gulf Business )
Gold headed for a second straight weekly gain as investors sought an inflation hedge amid a retreat in US bond yields and equities. With the US consumer price index rising the most in almost 40 years in the 12 months through December, there’s been added pressure....
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Dubai Multi Commodities Centre achieves record growth
(source:Gulf Business )
he Dubai Multi Commodities Centre (DMCC) Authority has announced that it achieved its best year on record, attracting 2,485 companies, representing 146 geographies, to Dubai in 2021. The record-breaking performance follows on from the 2,025 companies that joined the business district in 2020.....
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First glimpse of Etihad Rail passenger trains for Abu Dhabi to Dubai
(source: The National )
Etihad Rail has released the first images of what the UAE’s new passenger trains will look like.
The striking renderings, published exclusively by The National, show silver and grey carriages emblazoned with the red Etihad Rail logo set against the backdrop of the UAE’s cities, mountains and deserts.....
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