CGI Gulf Insights of the week ) (copy 109)

  • ByCGI Gulf Insights of the week
  • Monday, 23 January 2023
  • Published inJanuary 2023
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January 2023 [email protected] Issue No:351
Country Risk Update -  Kuwait

Risk Indicator  - DB4b
Risk Level        - Moderate
Ratings Trend  - Deteriorating
The government is urging for an early parliamentary election to end protracted institutional deadlock, raising the risk of further delays to market reforms and investment projects. Elevated oil prices due to conflict-related energy uncertainty will improve the fiscal deficit. The credit environment score outlook has been set to ‘stable’, as higher oil prices drastically lower the deficit by around 74%. Higher oil prices have eased Kuwait's fiscal crunch, cutting external financing needs, but the outlook for crucial fiscal reforms remains weak. Political constraints might continue to obstruct meaningful economic reform.
UAE: Federal Tax Authority opens pre-registration for corporate tax
(Source: Khaleej Times)
The UAE's Federal Tax Authority (FTA) on Sunday announced that it launched early registration for corporate tax through the EmaraTax platform to ensure digital tax services to the registered members and businesses. The latest move is in line with Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, which stipulates that taxable persons will become subject to corporate tax from the beginning of their first financial year that starts on or after June 1, 2023. The authority explained that the early registration period is available from January 2023 to May 2023 for certain categories of companies operating in the UAE......
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UAE President announces 2023 as ‘Year of Sustainability’
(Source: Gulf Business)
UAE President Sheikh Mohamed bin Zayed Al Nahyan has announced that 2023 will be the ‘Year of Sustainability’. Talking to social media, Sheikh Mohammed said that effective climate action requires a shared vision and collective will. The announcement comes one day after the conclusion of the Abu Dhabi Sustainability Week, which saw the participation of state leaders and officials from around the world.The ‘Year of Sustainability’ will include initiatives, activities and events that draw upon the country’s values of sustainability and the legacy of its founder.......
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Dubai to host inaugural Mena IPO summit amid continuing listings momentum
(Source: The National News)
Dubai is to host the inaugural Mena IPO Summit on Monday that will bring regional and international industry experts and issuers together, as initial public offerings pick up pace in UAE. The three-day summit and workshops will be held from January 23 to 25 at the Museum of the Future in Dubai, the Dubai Media Office said on Sunday. The event, jointly organised by the Dubai Financial Market (DFM) and the Dubai World Trade Centre (DWTC), will underpin the IPO growth in the emirate so far and prospects of Dubai driving further growth in public listings......
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Dubai wins bids to host 232 business events in 2022
(source: Gulf Business)
Dubai won 232 bids for hosting business events in 2022, almost twice as many as the previous year. It represented a 95 per cent growth in the number of successful bids from 2021 and a 92 per cent increase in the number of delegates added to the pipeline.The events are set to be held over the coming years, and will bring in an additional 135,000 visitors including scientists, thought-leaders and business executives to Dubai, official news agency WAM reported. Dubai Business Events (DBE), which is part of the Department of Economy and Tourism, collaborated with......
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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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D&B Onboard: A corporate compliance tool
(Source: CRIF - Dun & Bradstreet)
With D&B Onboard, you will be able to manage suppliers and third parties with vendor profiles and automated workflows........
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Lending industry dynamics and consumer financing habits are changing rapidly
(source: CRIF - Dun & Bradstreet)
Broadcasting the same messages across multiple channels isn't the personalized approach modern buyers expect - and it's definitely not omni-channel ABM. Learn how to tell the difference and what you can do to modernize your marketing strategy......
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