CGI Gulf Insights of the week-March-29 (274)

ByCGI Gulf Insights of the week
Monday, 29 March 2021
Published inMarch 2021

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March 2021

[email protected]

Issue No: 262

Country Risk Update - Kuwait

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

Political risk continues to be elevated as infighting between the executive and the legislature deepens, further complicating the passage of necessary fiscal reform. Business opportunities should increase as the government's national development plan targets a more diverse economy.Business opportunities should increase as the government's national development plan targets a more diverse economy.

MARKET OVERVIEW

Saudi banks set to outperform their regional peers in 2021-2022

(source:Arabian Business)

Strong capitalisation of the banking sector, conservative regulation and government stimulus will support Saudi banks through 2020-2021. As a result their profitability will surpass those of GCC peers despite low interest rates and still elevated cost of risk....

Gulf investors poised to snap up Britain's new $687m sovereign sukuk

(source: Arabian Business)

The UK government has issued £500 million ($687 million) of sukuk – seven years since it became the first country in the western world to issue sovereign Islamic bonds.The treasury on Thursday said the sukuk had been sold to investors based in the UK...

ADCB proposes Dh1.878b in cash dividends

(source: Khaleej Times)

Abu Dhabi Commercial Bank (ADCB), the third-largest financial institution by assets in the UAE, said on Wednesday that it had proposed a cash dividend of Dh0.27 per share, translating to a pay-out of Dh1.878 billion, or 49 per cent of the net profit for 2020........

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GCC’s budget deficits to narrow and current accounts to turn surpluses in 2021

(source: Khaleej Times)

Spending cuts and efforts to augment non-oil government revenues across the GCC will bring down budget deficits significantly in 2021 according to the Institute of International Finance (IIF), a Washington headquartered association ....

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.”...

Explore DUNS100 on GULF NEWS

(source: Dun & Bradstreet)

DUNS100- related content will be featured on Gulf News under our very own section titled DUNS100....

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