Having trouble reading this email?  View it in your browser  GCC reliance on hydrocarbons unlikely to diminish in coming years - Moody's Moody's says diversification efforts are slow to yield results GCC projects activity perks up in Q1; Qatar leads the pack UAE, Saudi markets saw biggest fall in project awards Dubai real estate sector records $3bln worth investments in May 2021 6,021 deals worth AED 21.8 billion were recorded in May 2021, according to DLD China fund, UAE's Mubadala invest in Saudi Aramco's $12.4bln pipeline deal In the second week of June, Aramco raised $6bln to help fund a large dividend in its first U.S dollar-denominated sukuk sale Aiming for unicorns: Egypt's startups on a promising trajectory, experts say Egyptian startups secured $190mln in VC funding in 2020, which made Egypt the second largest recipient of funds after the UAE Late payments: 60% of B2B invoices in UAE are settled late The proportion of late payments in the UAE was 10% higher than the average for Asia VIDEO: Middle East investors are heading back to UK property market 16% of the UK's overseas property sales were to Middle Eastern investors in Q1 2021 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 [email protected], or send us your company press releases to [email protected]                                  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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