CGI Gulf Insights of the week (copy 127) (353)

ByCGI Gulf Insights of the week
Monday, 03 January 2022
Published inJanuary 2022

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December 2022

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Issue No:300

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

Emirates NBD offers voice banking with Amazon's Alexa

(Source: The National )

Emirates NBD, Dubai's biggest bank by assets, is integrating Amazon's digital voice assistant, Alexa, into its voice banking service in the UAE, as part of its efforts to accelerate digitalisation.

Dubai World Trade Centre to become regulator for virtual assets and crypto

(source: Gulf Business )

The Dubai World Trade Centre (DWTC) is set to become a “comprehensive zone and regulator” for virtual assets and crypto including digital assets, products, operators..

Sheikh Mohammed approves Dubai budget of Dhs181bn for 2022-2024

(source:Gulf Business )

The government of Dubai has approved a general budget for the fiscal cycle of 2022-2024, with a total expenditure of Dhs181bn....

UAE Central Bank fines an exchange house for compliance failure

(source: The National )

The Central Bank of the UAE has fined an exchange house for failing to achieve the appropriate levels of compliance with anti-money laundering regulations...

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

Do SMEs present an opportunity for banks?

(Source:CRIF)

Do SMEs present an opportunity for banks? Yes, they are! Banks cannot afford to look passively at new entrants making a success in a segment that has been, until recently, challenging to serve in a cost-effective manner...

CRIF announces the acquisition of ICAP group of companies - the largest B2B Services Group in Greece..

(source: CRIF - Dun & Bradstreet)

CRIF announces the acquisition of ICAP group of companies - the largest B2B Services Group in Greece, with a strong presence also in Romania, Bulgaria and Cyprus. The acquisition will strengthen CRIF’s leading position in the field of business and credit information and risk management solutions in the Region. .