CGI Gulf Insights of the week ) (copy 59)

  • ByCGI Gulf Insights of the week
  • Monday, 22 August 2022
  • Published inAugust 2022
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August 2022 [email protected] Issue No:329
Country Risk Update -  Kuwait

Risk Indicator  - DB4b
Risk Level        - Moderate
Ratings Trend  - Deteriorating
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..
Abu Dhabi’s ADDED launches Land Incentives Programme
(Source: Gulf Business)
The Abu Dhabi Department of Economic Development (ADDED) has launched the Land Incentives Programme to offer strategic support to businesses in line with the recently launched Abu Dhabi Industrial Strategy.According to the Abu Dhabi Media Office, manufacturing and industrial sub-sectors currently covered under the incentives scheme are logistics, food, energy, healthcare and bio-pharmaceuticals, information and communication technology, and heavy industry.....
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Emirates Post, DIFC’s FinTech Hive sign sponsorship deal to promote ‘HIVE 22’
(Source: Guld Business)
Emirates Post Group (EPG) has signed a sponsorship agreement with Dubai International Financial Centre’s (DIFC) FinTech Hive to promote the first sprint this year of its fintech accelerator programme, ‘HIVE 22.’Emirates Post Group will join the Fintech Hive accelerator programme as the ‘Logistics Partner’.HIVE 22’s selected startups will gain and exposure to a broader network of industry playerss......
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Emirates NBD, DIFC and Microsoft launch accelerator programme for metaverse start-ups
(Source: The National)
Emirates NBD, Dubai's biggest lender by assets, has joined forces with Dubai International Financial Centre’s FinTech Hive and the US technology company Microsoft to launch a 10-week global accelerator programme for metaverse start-ups.The programme aims to transform the future of banking and improve customer experience in the digital economy.It positions the bank as a “leader in the next phase......
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HSBC expands global securities services in Abu Dhabi Global Market
(source: The National)
HSBC has expanded its markets and securities services unit in the Abu Dhabi Global Market (ADGM), obtaining an arranging custody licence for its sovereign, institutional and investment manager clients.The expansion will provide institutional clients with global custody services, connecting them to a custodian network in 96 markets around the world and providing a digital platform for securities services activities......
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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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