CGI Gulf Insights of the week-Dec-7 (259)

ByCGI Gulf Insights of the week
Monday, 07 December 2020
Published inDecember 2020

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December 2020

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Issue No: 246

Country Risk Update - UAE

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. Government policy favours local firms and can change arbitrarily and without warning.

MARKET OVERVIEW

Some respite for property owners as Dubai district cooling companies told to lower rates

(source: Gulf News)

The red-hot issue of services charges at Dubai’s freehold properties could see some cooling off as district cooling companies make cuts to their customer tariffs. The push for reduced utility costs comes...

Fiscal and monetary support helped GCC banks fend off Covid-19 driven crisis

(source: The National News)

Monetary and fiscal support by governments and central banks have helped regional banks and financial institutions weather the worst of the Covid-19-induced crisis, according to Al Baraka Bank's chief executive...

UAE's gold and jewellery industry is set for its biggest makeover yet

(source: Gulf News)

The UAE’s gold and jewellery industry is to see its biggest reforms ever, with the UAE Government set to enforce new standards to ensure greater transparency in how the sector operates. There will now be a special committee to...

Insurance giant AXA set to sell its Gulf business to Gulf Insurance Group

(source: Arabian Business)

Global insurance giant AXA announced on Monday that it has entered into an agreement with Gulf Insurance Group (GIG) to sell its insurance operations in the Gulf region.The deal includes its shareholding in...

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

Robotic Process Automation: CRIF Global Technologies experience and pilots projects

(source: CRIF)

Robotic Process Automation (RPA) has been a recurring theme in several industries over the last 5 years. It revolves around a simple .....

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....