CGI Gulf Insights of the week-Nov-1 (254)

ByCGI Gulf Insights of the week
Sunday, 01 November 2020
Published inNovember 2020

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November 2020

Issue No: 241

Country Risk Update - United Arab Emirates

Risk Indicator  - DB3c
Risk Level     - Slight
Ratings Trend  - Deteriorating

The peace treaty signed with Israel will bring economic benefits, but will raise security risks for both personnel and assets in the UAE. 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.

MARKET OVERVIEW

Drydocks boosts Dubai consortium project in Montenegro

(source: Khaleej Times)

Drydocks World will be taking on a major role in Montenegro as it joins a Dubai consortium to create a maritime hub in the Balkan nation.The DP World-owned company will be joining the group comprised of ...

Abu Dhabi Investment Authority, PIF invest $1b in Reliance’s fiber-optic assets

(source: Gulf News)

Reliance Industries Ltd. is raising $1 billion in investment from two sovereign wealth funds as investors double down on the consumer businesses of Asia’s richest man, who’s diversifying his conglomerate away from....

Etihad Airways launches $600m sukuk linked to emissions commitment

(source: Arabian Business)

Etihad Airways has announced the launch of the world’s first transition sukuk and the first sustainability-linked financing in global aviation.According to the Abu Dhabi-based airline, the $600 million transaction will...

Middle Eastern cities poised to set the standard as future global hubs, HSBC says

(source: The National News)

Middle Eastern cities are poised to set the standard as future global hubs, with greener economies, supply chain diversification, healthcare investment, technology and measures to address inequality expected to...

COMMODITY & STOCK MARKET UPDATE