CGI Gulf Insights of the week-March-2

  • ByCGI Gulf Insights of the week
  • Tuesday, 02 March 2021
  • Published inMarch 2021
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March 2021 [email protected] Issue No: 259
Country Risk Update -  United Arab Emirates

Risk Indicator  - DB3c
Risk Level        - Slight
Ratings Trend  - Deteriorating
The market environment outlook improves as the land and maritime borders with Qatar are re- opened following the end of the boycott by the UAE and its partners. 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.
He dge fund ProMeritum bets on Oman, Angola to guard lossless run
(source:Arabian Business)
Pavel Mamai notched up his sixth lossless year in 2020 thanks to emerging-market debt. With that rally stumbling, he’s delving deeper into frontier markets in a bid to decouple from the global reflation trade.The London-based founder of hedge fund ProMeritum Investment Management...
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FAB shareholders approve cash dividends of Dh8.08 billion
(source: Gulf News)
First Abu Dhabi Bank (FAB), the UAE’s largest bank has approved the distribution of 74 per cent cash dividend, Dh0.74 per share, implying total cash dividend of Dh8.08 billion.Registered shareholders of FAB as on Wednesday March 10, 2021 (i.e. buyers on March 8, 2021).....
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GCC sukuk issuance to moderate in 2021 with shrinking fiscal deficits
(source: Gulf News)
Sukuk issuances across GCC and key Islamic finance markets will moderate in 2021 as fiscal deficits decline amid higher oil prices, lower coronavirus-related expenditures and accelerating economic activity according to rating agency Moody’s......
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ADCB acquires mortgage portfolio of Abu Dhabi Finance
(source: The National)
Abu Dhabi Commercial Bank, the UAE's third-largest lender, acquired a portfolio of about 1,000 mortgages from Abu Dhabi Finance as it looks to grab a wider share of the domestic home finance sector. The said in a filing to the Abu Dhabi Securities Exchange on Sunday ...
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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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Does your organization have real-time insights into the organizations you do business with?
(source: Dun & Bradstreet)
Today’s regulatory requirements demand 360-degree, real- time insight into the organizations you do business with....
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How can we make every day matter?
(source: CRIF)
How can we make every day matter? We have some tips!...
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Let us know what you think by writing to [email protected]
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