CGI Gulf Insights of the week-Feb-1 (268)

ByCGI Gulf Insights of the week
Monday, 01 February 2021
Published inFebruary 2021

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February 2021

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Issue No: 255

Country Risk Update - Kuwait

Risk Indicator - DB4a

Risk Level - Moderate

Ratings Trend - Deteriorating

Political risk has been alleviated in the short term by the smooth succession of the new emir and crown prince, but succession issues will resurface in the medium term. Business opportunities should increase as the government's national development plan targets a more diverse economy. Resumption of operations in the Divided Zone will boost oil-production capacity (though OPEC quotas will still constrain actual production).

MARKET OVERVIEW

Dubai demands joint stock firms list on local exchanges

(source:Arabian Business)

Public joint stock companies established in Dubai, including those set up in special economic zones or free zones like the Dubai International Financial Centre (DIFC), must list their stocks on local exchanges, the city’s media office said, citing a royal decree...

Central Bank of UAE imposes Dh45.7 million fines on 11 banks in the UAE

(source: Gulf News)

The Central Bank of the UAE (CBUAE) imposed financial sanctions on 11 banks operating in the UAE. The action is in accordance with Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism ...

Regulatory test bed for tokenisation to be developed in Dubai

(source: The National)

The UAE Centre for the Fourth Industrial Revolution (C4IR UAE) signed an agreement with the Dubai Financial Services Authority and the Dubai International Financial Centre to provide a test bed for FinTech companies to develop and test the tokenisation .....

Robinhood is new eye of GameStop storm as outrage grows

(source: Gulf News)

Online broker Robinhood has been one of the hottest venues in this week's retail-trading frenzy but its sudden curbs on buying of some hot stocks have raised the ire of customers, celebrities and politicians who argue it unfairly benefits bigger investors....

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.....