CGI Gulf Insights Of The Week (Copy 54) (285)

ByCGI Gulf Insights Of The Week (Copy 54)
Monday, 19 April 2021
Published inApril 2021

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April 2021

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Issue No: 265

Country Risk Update - United Arab Emirates

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

Short-term market potential is being boosted by the second-fastest vaccine roll-out globally; this should allow the tourist sector to recover more quickly than in other countries.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.

MARKET OVERVIEW

Emirates NBD and Etihad Credit Insurance sign agreement to ease bank's businesses access to trade finance

(source:Gulf News)

Etihad Credit Insurance and Emirates NBD have signed an agreement that will improve the liquidity of UAE..

UAE’s first digital community bank receives nod to start operations

(source: Khaleej Times)

The UAE Central Bank has granted licence to Al Maryah Community Bank to launch operations in the country. It will be the first digital bank to have received the approval to start operations in the UAE...

Energy giant ADNOC wants to work with India's public-private sectors on hydrogen

(source:Gulf Business)

ADNOC is keen to explore the hydrogen rated as a major clean energy initiative with Indian sectors ...

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New Dubai-Sharjah road cuts travel time between the two emirates

(source: Gulf Business)

The Al Khawaneej Roads Improvement Project cuts travel time between the Emirates Road and the Sheikh Mohamed bin Zayed Road from 25 minutes to 9 minutes...

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.”...