CGI Gulf Insights of the week-Dec-21 (261)

ByCGI Gulf Insights of the week
Monday, 21 December 2020
Published inDecember 2020

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December 2020

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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.

MARKET OVERVIEW

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.....

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.....

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....

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...

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

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.....

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....