CGI Gulf Insights Of The Week (Copy 51) (279)

ByCGI Gulf Insights Of The Week (Copy 51)
Monday, 12 April 2021
Published inApril 2021

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April 2021

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Issue No: 264

Country Risk Update - Kuwait

Risk Indicator  - DB4a
Risk Level     - Moderate
Ratings Trend  - Deteriorating

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). Political risk continues to be elevated as inﬁghting between the executive and the legislature deepens, further complicating the passage of necessary fiscal reform.

MARKET OVERVIEW

GCC to lead Middle East's post-COVID economic rebound: IMF

(source:Gulf News)

Oil exporting countries in the Middle East, especially the GCC will lead the post-COVID economic rebound in the region according to International Monetary Fund ...

Emirates partners with Sharjah’s Sheraa to spur startup and entrepreneurship ecosystem

(source: Gulf Business)

Emirates will offer discounted fares for attendees of the Sharjah Entrepreneurship Festival and to startups relocating to the UAE through Sheraa’s initiatives...

Oil steady near $59 as Fed’s Powell points to economic growth

(source:Gulf Business)

Oil was steady in Asian trading after Federal Reserve Chair Jerome Powell said the US economy was poised for stronger...

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Crypto firms got more funding last quarter than in all of 2020

(source: Gulf Business)

Venture capitalists are pouring money into cryptocurrency-related companies at the fastest clip in years.....

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

DUNS100 Achievers Program IS HERE.....

(source: Dun & Bradstreet)

“DUNS100 aims to recognize and celebrate the achievements of UAE businesses. This also propels them further to the next level and inspires their peers to do better.”...