Having trouble reading this email?  View it in your browser  COVID-19: More than 60% of global bank rating outlooks are negative Fitch has also downgraded 109 banks globally and upgraded nine banks in the first half of 2020 Government resignation, lack of policy dry up Lebanon's hopes for external funding IIF estimates that Beirut blast will deepen the contraction in the economy from -15% already envisioned for 2020 to -24% Most GCC stock markets gain in July on rising oil prices, easing lockdown The S&P GCC composite index surged 1.7% during the month Egypt's new law on entrepreneurship and microbusinesses elicits mixed feelings "This law marks a very encouraging leap. Is it enough? Of course not, but we can say it is a good start" said Hassan El Shafei, the head of the SME committee at the Egyptian Businessmen’s Association Interview: Top Dubai developer sees demand returning, says oversupply must be addressed Azizi Developments was selling just one apartment a week in the early stages of the pandemic, but a glut of duplicate projects is now prompting a new strategic approach Fewer UAE residents, businesses avail loans amid COVID-19; lenders tighten norms Most banks and lenders have tightened credit requirements Expat numbers in Oman drop significantly over COVID-19 Oman, a country of 4.7 million people, has recorded more than 81,000 coronavirus infections and 509 deaths Read more on ZAWYA.com Keep track of what’s happening in global markets. Sign up to our Daily Morning Briefing.  Have news to share? Email us at editorial.zawya@refinitiv.com, or send us your company press releases to pressrelease.zawya@refinitiv.com                                  All rights reserved. Republication or redistribution of Refinitiv content, including by framing or similar means, is prohibited without the prior written consent of Refinitiv. Refinitiv and the Refinitiv logo are trademarks of Refinitiv and its affiliated companies. Your privacy and trust are important to us. For more information we invite you to review our Privacy Statement. You are receiving this newsletter because you are in ZAWYA's database of newsletter subscriptions. To opt out of this newsletter, please click here to unsubscribe. Refinitiv, Office 501, Building No. 1, Dubai Media City, PO Box 1426, Dubai, United Arab Emirates.

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