CGI Gulf Insights of the week ) (copy 57)

  • ByCGI Gulf Insights of the week
  • Tuesday, 16 August 2022
  • Published inAugust 2022
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August 2022 [email protected] Issue No:328
Country Risk Update -  Bahrain

Risk Indicator  - DB4d
Risk Level        - Moderate
Ratings Trend  - Improving
Global political and insecurity risks remain elevated as consumers grapple with higher prices of essential goods. Uncertainty related to food and energy supply are a major risk, especially for lower-income import-dependent economies. Growth forecasts for 2022 were adjusted down again with the combination of less supportive fiscal policies and aggressive tightening by central banks to combat stubborn inflation.
UAE economic recovery to continue as financial system remains robust, Central Bank says
(Source: The National)
TEconomic activity in the UAE, which recovered significantly from the coronavirus-induced slowdown in 2021, is expected to continue improving this year despite global headwinds, the UAE Central Bank said.The regulator “projects a positive outlook for the UAE’s economy and financial system in 2022", Central Bank Governor Khaled Balama said.....
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Shuaa Capital swings to second-quarter loss amid rising expenses
(Source: The National)
Dubai-based investment bank Shuaa Capital swung to a loss in the second quarter as expenses rose and its net operating loss widened.Net loss attributable to owners of the parent for the three months to the end of June stood at Dh170m ($46.3m), compared with a profit of Dh29m reported during the same period last year......
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Gold holds gain as traders weigh outlook for Fed tightening path
(Source: Gulf Business)
Gold held an advance as investors assessed the outlook for the Federal Reserve’s monetary policy tightening path amid signs of cooling inflation.Bullion just capped a fourth straight week of gains, the longest such run in almost a year. The precious metal has gained as data showed price pressures in the US were easing.....
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RAK Chamber members’ exports total Dhs1.644bn in Q2 2022
(source: Gulf Business)
The Ras Al Khaimah Chamber of Commerce and Industry reported that the value of exports of its members in Q2 totalled Dhs1.644bn.The chamber’s report showed that the number of certificates of origin issued by the chamber totalled 5,871.According to the state news agency, WAM, 402 new establishments registered with the chamber in Q2 of 2022......
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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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Thank you for your participation and support!
(Source: CRIF - Dun & Bradstreet)
Thank you to all our participants, speakers (Dr. Jagannathan P. and Francesco Portioli) and our host Sakina Mistry for attending the 2022 Creating long-term value with ESG Metrics Webinar; and how Synesgy is the ESG Global Digital Platform for supply chain assessment!
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D&B Finance Analytics
(source: CRIF - Dun & Bradstreet)
D&B Finance Analytics provides everything from comprehensive credit reports to end-to-end credit automation......
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