CGI Gulf Insights of the week (copy 131) )

  • ByCGI Gulf Insights of the week
  • Monday, 10 January 2022
  • Published inJanuary 2022
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January 2022 [email protected] Issue No:301
Country Risk Update -  United Arab Emirates

Risk Indicator  - DB3c
Risk Level        - slight
Ratings Trend  -  Deteriorating
Political and security risk should improve as the UAE responds to US pressure to adopt a less assertive foreign policy, but Iranian reaction could still raise. UAE continues to strengthen its position as a regional safe-haven and business hub. Access to global markets from Dubai are among the best in the world.
Oil prices at two-month high on supply concerns and steady demand
(Source: The National )
Crude prices settled at a two-month high on Friday as demand remained steady despite a high number of Covid-19 infections and amid tight supply due to operational disruptions in some oil-producing countries.
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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..
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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....
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Dubai records more than $690m in property transactions on first working Friday
(source: The National )
The value of property transactions in Dubai on the first Friday of the new working week in the UAE stood at more than Dh2.53 billion ($690 million), with 227 transactions....
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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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Do SMEs present an opportunity for banks?
Do SMEs present an opportunity for banks? Yes, they are! The European SME segment includes over 25 million companies with a total turnover of over €10bln Nearly 35% of SMEs in Europe state that access to finance is a critical issue for them..
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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. .
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