CGI Gulf Insights Of The Week (Copy 55) (287)

ByCGI Gulf Insights Of The Week (Copy 55)
Monday, 26 April 2021
Published inApril 2021

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April 2021

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Issue No: 266

Country Risk Update - Bahrain

Risk Indicator  - DB5d
Risk Level     - High
Ratings Trend  - Deteriorating

The short-term economic outlook is improving as oil prices rebound and the rollout of coronavirus vaccines boosts tourism and domestic demand.Saudi Arabia's strong support for Bahrain provides a backstop to the economy.A giant oil and gas find off the west coast offers the promise of vast wealth if it proves commercially viable to extract.

MARKET OVERVIEW

UAE plans to include 10 new sectors to the companies law, allowing for 100% foreign ownership

(source:Gulf Business)

The UAE’s Ministry of Economy is working on new legislation to include 10 sectors to the commercial...

Abu Dhabi Commercial Bank reports Dh1.12b Q1 net profit, up 426% year on year

(source: Gulf News)

Abu Dhabi Commercial Bank (ADCB) reported a net profit of Dh1.12 billion for the first quarter ...

Possible cryptocurrency fraud is another blow to Turkey's financial stability

(source:Gulf News)

A cryptocurrency exchange in Turkey suspended operations this week amid accusations of fraud...

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Emirates, Dubai Health Authority implement digital verification of Covid-19 records for UAE-based travellers

(source: Gulf Business)

Dubai-based carrier Emirates and the Dubai Health Authority (DHA) have begun to implement...

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

DUNS100 Achievers Program IS HERE.....

(source: Dun & Bradstreet)

“DUNS100 aims to recognize and celebrate the achievements of UAE businesses. This also propels them further to the next level and inspires their peers to do better.”...