CGI Gulf Insights of the week-Dec-21

  • ByCGI Gulf Insights of the week
  • Monday, 21 December 2020
  • Published inDecember 2020
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December 2020
                      [email protected]
Issue No: 248
                        Country Risk Update -   Kuwait
                        Risk Indicator  -  DB3c
                        Risk Level            - Slight
                        Ratings Trend  - Deteriorating
The construction sector and its suppliers will face a challenging period after the liquidation of Arabtec, a major player in the sector. The 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. Regional tensions concerning Iran will disrupt supply chains and investment flows into the medium term. Government policy favours local firms and can change arbitrarily and without warning.
                            GCC real estate market is all set to stabilise in 2021
                            (source:Khaleej Times)
                              An anticipated tight supply of real estate units across the GCC subsequent to a temporary stoppage of new projects by some leading developers and fewer upcoming projects will help arrest the ongoing steep declines of.....
                            Read more>
                            Sovereign wealth funds help GCC weather COVID, oil shocks
                            (source: Gulf News)
                              The sovereign wealth funds (SWFs) of Abu Dhabi, Kuwait and Qatar have underpinned the resilience of their sovereign ratings and economies despite lower oil prices and the coronavirus shock, said Fitch Ratings.....
                              Read more>
                            Investcorp to exit Swiss private bank after sale is agreed with Rothschild & Co
                            (source: The National News)
  Bahrain-based alternative asset manager Investcorp is set to sell its stake in Swiss private bank Banque Paris Bertrand after it signed a takeover agreement with London-based investment bank Rothschild & Co. Investcorp, which bought....
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                            Saudi banks’ profitability improve on lower provisions and higher income               
                            (source: Gulf News)
                              The profitability outlook for Saudi banks showed signs of improvement as increased operating income and reduced provisioning supported return ratios, said an analysis of third quarter results by professional services firm...
                              Read more>
                                    Commodity Update
                                    (source: Nasdaq)
The weekly commodity update from Nasdaq
                                    Read more>
                              Stock Market Update
                              (source: Mubasher)
The weekly stock market update from Mubasher
                              Read more>
                                    How can businesses bounce back during the pandemic?
                                    (source: Gulf News)
  The year 2020 has been particularly chaotic. As Covid-19 spread across the country, professional goals set at the start of the year were thrown out.....
                                    Read more>
                                     D&B:  Worldwide Network by Dun & Bradstreet
                              (source: Dun & Bradstreet)
                              The Worldwide Network by Dun & Bradstreet is an unrivalled global partnership of Dun & Bradstreet and the world’s leading business information providers....
                                Read more>
                          Let us know what you think by writing to [email protected]
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