Political risks have spiked as Covid-induced unemployment stokes social unrest and threatens to
derail fiscal and economic reforms. Sultan Haitham's smooth succession reduces the risk of domestic instability and increases the likelihood of needed fiscal reforms. The economy has good potential for diversification, including tourism and logistics
MARKET OVERVIEW
UAE bank deposits grew 80 per cent in 10 years
(Source: Gulf Business )
Deposits at UAE banks grew 80 per cent to Dhs1.884 trillion in 2020 from Dhs1.049 trillion in 2010.
According to a report by the Federal Competitiveness and Statistics Centre....
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Gold holds biggest decline in six weeks after bond yields surge
(source: Gulf Business )
Gold was steady after posting its biggest drop in six weeks as bond yields surged, with investors bracing for monetary policy tightening in 2022...
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Mideast’s biggest bank raised provisions and remains on alert
(source:Gulf Business )
Qatar National Bank braced for credit losses by boosting the amount of money set aside in provisions and signaled caution over the main international markets where it has a presence....
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New ADIB Global Sukuk Fund raises more than $160m
(source: Gulf Business )
Abu Dhabi Islamic Bank (ADIB) has raised more than $160m through the ADIB Global Sukuk Fund, its flagship fund, which it launched in October 2021.....