ESG and Sustainable Investing might seem to be related but both are distinct concepts. The GCC nations transition towards cleaner energy portrays a buoyant outlook for ESG and sustainable investing.
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The impact of the recently issued IFRS sustainability standards, once adopted, is likely to be high, as GCC companies scramble to allocate adequate resources for the adoption.
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The GCC countries have increasingly focused on privatization of state-owned enterprises to reduce dependency on oil and diversify their economies.
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Debt markets in the MENA region, although being smaller and less established, have benefited from the low-interest rate environment following COVID-19.
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Central Banks of GCC Countries have been exploring the potential use cases of CBDCs and have conducted pilot projects.
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In this article, we analyze the effect of the SVB failure on financial sector and if the event has any impact on Kuwait.
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Increasing interest rates have been the major economic factor affecting the banking sector globally and in Kuwait. In 2023, interest rates are expected to increase further.
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Oil Market Dynamics in 2023 will largely be driven by the economic reopening in China and threats of recession in advanced economies on the demand side, while OPEC+ production cuts and geopolitics will determine the supply side of the equation.
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GCC IPOs witnessed a sharp uptick in 2022 compared to the previous year with higher oil prices, comparatively lower inflation and stronger economic growth providing a positive platform for companies to list in the domestic exchanges.
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ESG Sukuk is gaining momentum in GCC with green and sustainability sukuk making up 80% of the green bonds issued till H1 2022.
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The Giga Projects of Saudi Arabia are focused on diversification of oil revenue by unlocking new sectors for the economy with the core concept of sustainability.
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