CGI Gulf Insights of the week-Jan-25

  • ByCGI Gulf Insights of the week
  • Monday, 25 January 2021
  • Published inJanuary 2021
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Jan 2021
                      [email protected]
Issue No: 254
                        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.
                            Moelis & Company to advise on capital restructuring of Finablr Group
                            (source:Gulf News)
                              The consortium of Prism Group AG (Prism) and Abu Dhabi’s Royal Strategic Partners (RSP) has appointed independent investment bank Moelis & Company to advise on the restructuring and transformation of the Finablr Ltd and its subsidiaries....
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                            Central Bank of the UAE conducts cyberattack simulation on banking sector
                            (source: Gulf News)
                              The Central Bank of the UAE (CBUAE) conducted the first-of-its-kind cyberattack simulation exercise that is designed to test the resilience of the UAE’s banking sector against any potential cyber threats.The exercise affirms CBUAE’s preparedness to prevent or mitigate cyber threats...
                              Read more>
                            UAE Exchange, Xpress Money will restart operations soon
                            (source: Khaleej Times)
  Two flagship brands of the troubled Finablr Group — UAE Exchange and Xpress Money — are expected to restart operations soon following the recapitalisation and revamping of the global payment solutions firm.A consortium of Prism Group of Israel and Abu Dhabi’s.....
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                            Saudi Arabia's sovereign fund to boost assets under five-year strategy to $1.07tn           
                            (source: The National News)
                              Saudi Arabia’s Public Investment Fund launched a five-year strategy on Sunday, with aim of doubling assets to $1.07 trillion, help create jobs and pump billions of dollars into the kingdom's non-oil economy.The sovereign wealth fund will invest...
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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
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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.....
                                    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...
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