CGI Gulf Insights of the week-Jan-18

  • ByCGI Gulf Insights of the week
  • Monday, 18 January 2021
  • Published inJanuary 2021
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Jan 2021
                      [email protected]
Issue No: 253
                        Country Risk Update -   United Arab Emirates
                        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.
                            Abu Dhabi Department of Finance launches Dh6 billion supply chain financing initiative
                            (source:Gulf News)
                              The Abu Dhabi Department of Finance (DoF) Sunday announced a Dh6 billion supply chain financing initiative to support a variety of sectors, as a key initiative in its commitment to support small and medium enterprises (SMEs).The first phase of this initiative....
                            Read more>
                            Investcorp to boost technology and healthcare investments in India
                            (source: The National News)
                              Bahrain-listed Investcorp is bullish about India and plans to buy companies in technology, health care and financial services as part of its aggressive push in the country.“Technology is an absolute important pillar of our investment thesis in India”....
                              Read more>
                            Bahrain's Bank ABC buys Blom Bank Egypt's assets in $428m deal
                            (source: The National News)
  Bahrain's second-biggest lender Arab Banking Corporation, or Bank ABC, is buying the Egyptian assets of Lebanon’s Blom Bank for 6.7 billion Egyptian pounds ($428.3 million).The deal is subject to the approval of Bahraini, Egyptian and Lebanese banking regulators....
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                            Saudi Arabia’s top bank follows UAE lenders to dollar bond market             
                            (source: Gulf News)
                              Saudi Arabia’s National Commercial Bank hired advisers to tap the dollar bond market, joining UAE banks to take advantage of investors’ appetite for yield.The bank mandated Citigroup Inc., Emirates NBD PJSC, Goldman Sachs Group Inc., JPMorgan Chase & Co...
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                                    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>
                                  It’s official! Bisnode Joins the Dun & Bradstreet Family.
                              (source: Dun & Bradstreet)
                              We have acquired European data and analytics company Bisnode. We’re thrilled to welcome Bisnode to the Dun & Bradstreet family...
                                Read more>
                          Let us know what you think by writing to [email protected]
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