Risk KSA Edition
Latest News
Fitch downgrades Azizi Developments LLC's IDR to 'B'', on RWN
The downgrade reflects weakening demand from buyers following coronavirus-related events
Fitch revises HSBC Bank Middle East's outlook to negative
The Outlook revision follows a similar rating action on the parent, HSBC Holdings
COVID-19 smashes Saudi, UAE non-oil private sector in March - PMI
Saudi Arabia's non-oil private sector saw its biggest drop since the survey began in August 2009
Alert over surge in virus-linked scams
Hackers are targeting industries such as manufacturing, industrial, finance, transportation, pharmaceutical and cosmetics
Experts forecast a surge of cyberattacks
According to experts, the current situation is tempting cybercriminals to launch more destructive attacks
Experts warn of rise in cyberattacks in Bahrain
They could be for spying purposes and financial theft
Abu Dhabi Police warn against suspicious links sent via social media, emails
Text scams may include links for travel websites for canceling prior bookings on coronavirus outbreak, or links to download some social apps
Covid-19: Dubai Police launch SMS alerts service for BMW, Mercedes owners in UAE
The initiative allows the force to broadcast awareness messages and safety information during the coronavirus crisis.
Coronavirus in UAE: Ban on wedding parties, events extended
This is in line with the precautionary measures to ensure public health and safety.
Saudi Arabia to impose $26,666 fine, 5-year jail for transmitting coronavirus
As for the coronavirus pandemic, since the cause of infection is more closely related to the rapid spread of the virus, it calls for a harsher penalty for any violation.
Insights
U.S. unemployment offices sitting on mountain of pending claims
Some economists say the new bill would encourage unemployment filings.
China's PMI rebound is more likely the outlier than the template: Russell
PMI isn't a sign that the Chinese economy has recovered and is now back in growth mode.
The U.S. weighs the grim math of death vs. the economy
Coronavirus shut-downs could lop 25% or more from U.S. output