CGI Gulf Insights of the week-Dec-28

  • ByCGI Gulf Insights of the week
  • Monday, 28 December 2020
  • Published inDecember 2020
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December 2020 [email protected] Issue No: 250
Country Risk Update -  Saudi Arabia

Risk Indicator  - DB4a
Risk Level        - Moderate
Ratings Trend  - Deteriorating
Political environment risk will change following the US presidential election; look for the dispute with Qatar to be resolved but also closer US scrutiny of arms sales. Weak oil prices over the next five years will see the government forced to liberalise the economy, opening up opportunities for cross-border investment and trade. Longer-term growth will be driven by government reforms under its Vision 2030, which aims to reduce dependence on oil export revenues and boost the private sector.
Dubai budget policy turns 'expansionary' with $15.5bn plan
(source:Arabian Business)
Dubai’s government expects to spend AED57.1 billion ($15.5bn) next year as it tries to mitigate the impact of the coronavirus, according to the budget approved on Sunday.The program takes into account “the exceptional economic......
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Saudi Riyal added as 'settlement currency' on Arab Monetary Fund's 'Buna' platform
(source: Gulf News)
The Saudi Riyal has been included as a settlement currency on 'Buna', the cross-border payment system owned by Arab Monetary Fund. The National Commercial Bank has been named as settlement bank.It thus becomes the third.....
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GFH acquires specialised logistics, real estate asset manager in the UK
(source: Khaleej Times)
GFH Financial Group (GFH) on Saturday announced it has acquired a majority stake in Roebuck Asset Management, UK (Roebuck), a UK and European logistics and business space focused real estate asset manager. Roebuck, which was founded....
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Accelerating decarbonisation and digitisation can build upon UAE's game-changing reforms
(source: The National News)
Adjusting to Covid-19 has defined this year – from partial or full lockdowns to remote working and stalling global trade, investment and tourism, with cleaner air the rare bright spot.Hopes of a V-shaped recovery recovery diminished with....
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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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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.....
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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....
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