Tag: Gulf region
Norges Bank excludes G4S from portfolio over human rights concerns
An investigation by the bank, which invests Norway’s oil revenues, revealed G4S had “behaved in a manner which is at the limit of, or outside, accepted norms” with regard to its treatment of migrant workers in Qatar and UAE.
Governance in the Gulf still lags behind global peers, says S&P
Proliferation of government-backed organisations and family-owned enterprises in the Gulf create a governance risk that regulation can only slowly wear away, says a global ratings agency.