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MIDEAST STOCKS- #AbuDhabi hits multi-year peak, blue-chip banks lift #Qatar | Reuters

MIDEAST STOCKS-Abu Dhabi hits multi-year peak, blue-chip banks lift Qatar | Reuters:The Abu Dhabi stock market climbed sharply on Thursday for its biggest one-day gain in nearly three years while Qatar was lifted by its blue-chip banks to its best day in seven months.The Abu Dhabi index rose 3.7 percent. First Abu Dhabi Bank (FAB), the United Arab Emirates' biggest bank, surged 6.5 percent and Emirates Telecommunications added 5.2 percent.With FTSE and S&P index rebalancing ataking place across ...
Tags: Travel, Qatar, United Arab Emirates, Abu Dhabi, Mena, Reuters, Rupert Neil Bumfrey, Mohamad Al Hajj, First Abu Dhabi Bank, First Abu Dhabi, Emirates Telecommunications


We Entered the #UAE With a Significant Overweight, Says Lazard’s Al Said – Bloomberg

We Entered the U.A.E. With a Significant Overweight, Says Lazard’s Al Said – Bloomberg:Fadi Al Said, director of MENA equity and portfolio manager at Lazard, discusses investor sentiment in the rise in oil prices, his positioning in Middle East markets, petrochemicals, investing in the U.A.E. and his outlook for Egypt. He speaks on “Bloomberg Daybreak: Middle East.” (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Bloomberg, Egypt, Middle East, Lazard, Mena, Rupert Neil Bumfrey, al Said, Fadi Al Said


Saudi Arabian equities, emerging market fixed income favoured by UBP fund selector | ZAWYA MENA Edition

Saudi Arabian equities, emerging market fixed income favoured by UBP fund selector | ZAWYA MENA Edition:Many emerging market (EM) managers are increasing their allocations to Middle East and North Africa (MENA) markets, especially to Saudi Arabia, a fund selector from Swiss private bank Union Bancaire Privée (UBP) has told Zawya.“People are more and more looking at frontier markets and how the indices are gradually incorporating those frontier markets, so we have been increasing research on MENA...
Tags: Travel, Saudi Arabia, Middle East, Mena, North Africa, Ubp, MSCI, Union Bancaire Privee UBP, Rupert Neil Bumfrey, Zawya


Sovereign borrowing in MENA to soar to $136bn in 2019: S&P

Sovereign borrowing in MENA to soar to $136bn in 2019: S&P:Sovereign borrowing by 13 states in the Middle East and North Africa is set to rise by 20 percent this year, as states look to refinance long-term debt and cover fiscal deficits, a report by S&P Global Ratings found.The countries’ long-term borrowing is estimated to hit about $136 billion in 2019 compared with $109 billion in 2018, when issuances fell by 38 percent, the ratings agency said.Countries covered by the report include Saudi Ar...
Tags: Travel, Morocco, Middle East, Mena, North Africa, Rupert Neil Bumfrey, Saudi Arabia Egypt Lebanon Kuwait


#Qatar leads Mena 2018 IPO activity in value - The Peninsula Qatar

:Qatar witnessed the highest valued IPO in 2018 in the Mena region with the listing of Qatar Aluminum Manufacturing Company (Qamco) on the Qatar Stock Exchange (QSE), raising $745.6m in Q4.FTSE Russell announced the entry of Qamco to the FTSE Index within the first week of trading, owing to the positive response generated by the IPO (it was 2.5 times oversubscribed). The Qatar exchange has performed well in 2018 with prospects of inflows from investors tracking emerging-market indexes after the ...
Tags: Travel, Ipo, Qatar, Ey, Mena, Russell, Rupert Neil Bumfrey, Peninsula Qatar, Phil Gandier, Qatar Stock Exchange QSE, Qamco, Qatar Aluminum Manufacturing Company Qamco


Morgan Stanley U-Turns on #UAE Equity Call, Cuts #Qatar - Bloomberg

Morgan Stanley U-Turns on U.A.E. Equity Call, Cuts Qatar - Bloomberg:It’s time to double-upgrade United Arab Emirates stocks amid early signs of a bottoming out in the property sector, Morgan Stanley analysts say, adding that investors should cut their exposure to Qatar.U.A.E. shares are the most oversold of any markets in Eastern Europe, the Middle East and Africa, “led particularly by real estate,” according to analysts Marina Zavolock, Regiane Yamanari and Katherine Carpenter. After 17 months...
Tags: Travel, Saudi Arabia, Africa, Qatar, Middle East, United Arab Emirates, Dubai, Morgan Stanley, Eastern Europe, Mena, Emaar Properties, Rupert Neil Bumfrey, MSCI Inc, Morgan Stanley U Turns, UAE Equity Call Cuts Qatar Bloomberg, Marina Zavolock Regiane Yamanari


World Bank’s IFC to grow Mena investments in 2019 - The National

World Bank’s IFC to grow Mena investments in 2019 - The National:International Finance Corporation (IFC), the World Bank’s private sector arm, aims to invest more than $2 billion in the Middle East and North Africa (Mena) region in the 2019 fiscal year, as it seeks to grow the private sector and expand regional economies. “We do need the private sector to play a bigger role in Mena economies, so we’re looking for ways to leverage our resources to create new markets and sustainable jobs in the co...
Tags: Travel, Saudi Arabia, Africa, Ifc, Middle East, Dubai, World Bank, Mena, North Africa MENA, Rupert Neil Bumfrey, Sergio Pimenta


Prospects for local currency bonds in #UAE "very interesting" - experts | ZAWYA MENA Edition

Prospects for local currency bonds in UAE "very interesting" - experts | ZAWYA MENA Edition:The UAE announced that it had passed a federal debt law in October last year, and providing a benchmark yield curve for dirham-denominated debt was one of the reasons given by the governor of the central bank for passing the law.Speaking at a media roundtable launching a white paper on the MENA debt market held at Nasdaq Dubai's headquarters on Monday, Emirates NBD Asset Management's director of fixed inc...
Tags: Travel, Uae, Mena, Emirates NBD Asset Management, Rupert Neil Bumfrey, Nasdaq Dubai, Parth Kikani


Fixed income: MENA region bond issuance forecast at $80-85bln for 2019 - report | ZAWYA MENA Edition

Fixed income: MENA region bond issuance forecast at $80-85bln for 2019 - report | ZAWYA MENA Edition:The amount of U.S, dollar-denominated bonds and sukuk issued in the Middle East and North Africa (MENA) is likely to reach $80-$85 billion in 2019 - similar to the $84 billion of issuance recorded last year, according to a new study, but there is potential for this figure to climb higher if Saudi Aramco embarks on its anticipated journey into debt capital markets with a maiden $10 billion bond is...
Tags: Travel, Saudi Arabia, Qatar, Middle East, Mena, Saudi Aramco, Emirates NBD Asset Management, North Africa MENA, Rupert Neil Bumfrey, Kikani


MENA merger values climb 50% in 2018: report | ZAWYA MENA Edition

MENA merger values climb 50% in 2018: report | ZAWYA MENA Edition:The value of mergers and acquisitions (M&A) announced in the Middle East and North Africa in 2018 increased by 50 percent to $54.9 billion from $36.6billion in 2017, according to a new Deals Intelligence report by Refinitiv.The 2018 Middle East and North Africa Investment Banking Analysis report states that deals involving a MENA-based company as a target were up 63 percent year-on-year to $31.4 billion - the highest level in 11 y...
Tags: Travel, Japan, Turkey, Middle East, Dubai, Abu Dhabi, Mena, North Africa, Emirates NBD, Sony Corporation, Rupert Neil Bumfrey, EMI Music Publishing, Mubadala, Saudi British Bank, Alawwal Bank, Deals Intelligence


US$30 billion worth of hotels to be built in MENA by 2023

Dubai, UAE. 21 January, 2019. The Arabian Hotel Investment Conference (AHIC) 2019 has released the second annual AHIC Hotel Investment Forecast, which reveals that close to US$30 billion worth of hotel construction contracts will be awarded in the Middle East and North Africa between now and 2023.
Tags: Travel, US, Middle East, Dubai, Mena, North Africa, AHIC Hotel Investment Forecast


MENA private equity set for another slow year despite positive long-term outlook | ZAWYA MENA Edition

MENA private equity set for another slow year despite positive long-term outlook | ZAWYA MENA Edition:As the private equity industry in Middle East and North Africa region closes a year of consolidation and slow fundraising in 2018, the alternative investment asset class is not expected to record many transactions in 2019, either.Amidst rising interest rates and tough global macro-economic conditions, corporate governance-related concerns mean the industry is bracing for more scrutiny by investo...
Tags: Travel, Saudi Arabia, GCC, Middle East, Uae, Mena, North Africa, Rupert Neil Bumfrey


#Saudi borrowers fuel MENA syndicated loan boom

Saudi borrowers fuel MENA syndicated loan boom:Newly published league tables from Bloomberg show that regional loans increased by more than half last year, surpassing the previous record set in 2007.Saudi borrowers topped the league with more than a third of the market, while the UAE accounted for more than a quarter of the total and Oman almost 10 percent.A weak oil price, falling property values and emerging market uncertainty rattled regional debt markets in 2018, while rising US interest rat...
Tags: Travel, US, Bloomberg, Oman, Uae, Mena, Rupert Neil Bumfrey


Gulf Arab Energy Firms May Lean on Debt in 2019 as Oil Falters - Bloomberg

Gulf Arab Energy Firms May Lean on Debt in 2019 as Oil Falters - Bloomberg:Gulf Arab energy companies are expected to borrow more in 2019 to finance expansion plans after rising oil prices triggered a sharp retreat from debt markets in 2018.Higher oil prices eased pressure on government budgets in Gulf Cooperation Council countries in 2018 and allowed the region’s energy companies to self-finance operations, according to Rory Fyfe, Chief Economist at MENA Advisors. That’s a shift from 2017 when ...
Tags: Travel, Mena, Gulf Cooperation Council, Rupert Neil Bumfrey, Gulf Arab Energy Firms, Oil Falters Bloomberg, Rory Fyfe


Small stocks recover on #UAE bourses

Small stocks recover on UAE bourses:Small stocks in the UAE gained in trade on Sunday, recovering from their lows, when they witnessed profit-taking on Thursday. Gulf Finance House closed 9.15 per cent higher at Dh0.930, after gaining 10 per cent in the previous session. Union Properties closed 1.23 per cent higher at Dh0.410. Salama Insurance closed 3.77 per cent higher at Dh0.440. Union Properties closed 1.23 per cent higher at Dh0.410. Dana Gas closed 2.77 per cent higher at Dh0.85. Dubai Isl...
Tags: Travel, Dubai, Uae, Mena, Rupert Neil Bumfrey, Dubai Islamic Bank, Union Properties, Gulf Finance House, Salama Insurance, Allied Investment Partners


Franklin Templeton grabs more Gulf corporate debt after downturn | Reuters

Franklin Templeton grabs more Gulf corporate debt after downturn | Reuters:Franklin Templeton Investments has raised its Gulf corporate debt exposure as a downturn in some sectors, largely real estate, has hit company valuations, Dino Kronfol, its chief investment officer of global sukuk and MENA fixed income, said.“Some independent corporates really sold off over the past few months, that’s why we say there’s more value in the weaker, higher-yielding names,” Kronfol told Reuters.Franklin Temple...
Tags: Travel, Gulf, Mena, Reuters, Gulf Cooperation Council GCC, Rupert Neil Bumfrey, Franklin Templeton, Franklin Templeton Investments, Dino Kronfol, Kronfol, Reuters Franklin Templeton


London's MENA Capital and Dubai's Al Mal agree collaboration deal | ZAWYA MENA Edition

London's MENA Capital and Dubai's Al Mal agree collaboration deal | ZAWYA MENA Edition:A tie-up between a London-based investment manager and Dubai's Al Mal Capital will see the former's managing partner, Khaled Abdel Majeed, move to Dubai and manage an enlarged team responsible for the investment strategy of a series of funds owned by both organisations.MENA Capital said in a press release issued on Monday that Al Mal Capital had appointed Abdel Majeed as its lead portfolio manager for all of i...
Tags: Travel, London, Dubai, Mena, Roger Allen, Rupert Neil Bumfrey, Zawya, Al Mal Capital, Al Mal, MENA Capital, Khaled Abdel Majeed, Abdel Majeed, Al Mal UAE Equity Fund, AZ Al Mal MENA Equities UCITS Fund, MENA Alchemy Fund


MSCI emerging-markets status inclusion of Saudi Arabia to attract $40bln FDI to country’s capital market | ZAWYA MENA Edition

MSCI emerging-markets status inclusion of Saudi Arabia to attract $40bln FDI to country’s capital market | ZAWYA MENA Edition:Post-oil Saudi Arabia successfully launched economic reforms that gained massive attention of global investor confidence. Opening of Saudi Arabia is a milestone for the Kingdom’s economy, which brought a strategic $90.29 billion investment and trade ties between Britain and Saudi Arabia implanted in coming years. Bilateral ties will have positive repercussions on the UAE ...
Tags: Travel, Saudi Arabia, Russia, Kingdom, Britain, GCC, Uae, Mena, MSCI, Rupert Neil Bumfrey, William Mullally


Weekly Q&A: "The GCC construction sector is showing the first signs of recovery" | ZAWYA MENA Edition

Weekly Q&A: "The GCC construction sector is showing the first signs of recovery" | ZAWYA MENA Edition:1. What is the general outlook for the real estate sector in the MENA region?Giving the cyclicality of the sector, currently characterised by an oversupply in most of the countries in the regions, the global picture for the real estate sector has taken a serious hit. Apart from the significant pressure on margins, due to a severe price decline in properties and soaring prices of construction mat...
Tags: Travel, GCC, Mena, Rupert Neil Bumfrey


Mena Cinema Forum: a Dubai la prima conferenza sul cinema

Il Mena Cinema Forum a Dubai. Arriva la prima conferenza dedicata interamente al cinema. L’appuntamento imperdibile è il 28-29 Ottobre
Tags: Travel, Featured, Film, Cinema, Dubai, Mena, Emirati, Eventi, News da Dubai, Eventi a Dubai, Evento, Conferenza, Investitori, Produzione, Mena Cinema Forum, Dubai Arriva


Greater controls may be silver lining in Abraaj collapse - The National

Greater controls may be silver lining in Abraaj collapse - The National:The collapse of Abraaj Group may disrupt private equity businesses in the Middle East and North Africa, which have registered a decline in number of deals and exits in recent years, but the fallout may also help pave the way for greater controls that will boost investor confidence, analysts said.“Most investors see Abraaj as a standalone issue,” said Sunaina Sinha, managing partner of UK-based Cebile Capital, which helps pri...
Tags: Travel, UK, Middle East, Mena, North Africa, Abraaj Group, Abraaj, Rupert Neil Bumfrey, Sunaina Sinha, Cebile Capital


Aramco-Sabic deal to spur consolidation in regional petchems - The National

Aramco-Sabic deal to spur consolidation in regional petchems - The National:The proposed stake sale of Sabic, the region’s biggest chemicals manufacturer, to the world's top oil producing company Saudi Aramco is expected to set into motion more consolidation in the regional industry, analysts said."If Aramco acquires a substantial stake in Sabic, a new consolidation will emerge in the Saudi petrochemicals sector," said Ehsan Khoman, head of Mena research and strategy at Japan's MUFG Bank. "In-tu...
Tags: Travel, Japan, Mena, Aramco, Saudi Aramco, Red Sea, SABIC, Rupert Neil Bumfrey, Ehsan Khoman, Aramco Sabic, If Aramco


EMBI inclusion could trigger fund inflows into Qatar - The Peninsula Qatar

EMBI inclusion could trigger fund inflows into Qatar - The Peninsula Qatar:Potential EMBI (Emerging Market Bond Index) inclusion could lead to an estimated $30bn of inflows into GCC, leading to tighter spreads and making primary market access easier, said the Bank of America Merrill Lynch (BofAML) yesterday.Potential EMBI inclusion is a swing factor for GCC credit, excluding Oman, BofAML added in its latest Global Emerging Markets Weekly report.Qatar, Saudi Arabia, UAE, Kuwait, and Bahrain sover...
Tags: Travel, GCC, Oman, Bahrain, Mena, Rupert Neil Bumfrey, Jean Michel Saliba, Bank of America Merrill Lynch BofAML, Qatar The Peninsula Qatar, EMBI, Global Emerging Markets Weekly, Qatar Saudi Arabia UAE Kuwait


Private debt sales lure Mena borrowers as bond yields rise

Private debt sales lure Mena borrowers as bond yields rise:Selling bonds in the public market is proving to be too much drama for some companies in the Middle East and North Africa. They’re opting for private placements instead, which can be done in smaller tranches, are quicker to execute and keep companies from having to bare their finances for all to see. They’re also less expensive. Borrowers in the Mena region have raised $3.1bn this way so far in 2018, almost matching last year’s total of ...
Tags: Travel, Middle East, Uae, Mena, North Africa, Rupert Neil Bumfrey, First Abu Dhabi Bank, Andy Cairns


GCC Equities Review: Dubai the worst performer as property shares slide | ZAWYA MENA Edition

:Trading in stocks listed both in Dubai and Abu Dhabi slumped during the first half of the year as investors who would normally be buying its shares opted for potentially more lucrative returns elsewhere. Data from Thomson Reuters Eikon showed that trading volumes in both of the equity markets in the United Arab Emirates remained weak, with the Dubai Financial Market down 55 percent in volume terms in the first half of the year, while volumes of trades on the Abu Dhabi Securities Exchange droppe...
Tags: Travel, United Arab Emirates, Dubai, Abu Dhabi, Uae, Mena, Abu Dhabi Securities Exchange, Dubai Financial Market, EFG Hermes, Rupert Neil Bumfrey, Mohamad Al Hajj, Thomson Reuters Eikon, MENA Edition, GCC Equities Review


Middle East mergers gain momentum through privatisation and regulatory reforms | ZAWYA MENA Edition

Middle East mergers gain momentum through privatisation and regulatory reforms | ZAWYA MENA Edition:The activity of mergers and acquisitions deals in the Middle East and North Africa (MENA) has witnessed a pick-up in activity recently as governments increase the pace of privatisation and regulatory changes in an attempt to transform the investment environment in the region. The value of announced M&A transactions with any MENA involvement reached a three-year high in the first quarter of this ye...
Tags: Travel, Middle East, Thomson Reuters, Mena, North Africa MENA, Rupert Neil Bumfrey


​​​Cleartrip acquires Saudi Arabia’s OTA Flyin, increases focus on Middle East

Online travel agent Cleartrip has acquired Saudi Arabia’s’s OTA Flyin for an undisclosed amount. This deal will help Cleartrip to strengthen its focus in Saudi Arabia and focus on the Middle East and North Africa (abbreviated as MENA) region. The transaction will close once final... ...
Tags: Travel, News, Saudi Arabia, Middle East, Mena, North Africa, Ota, ClearTrip, Online Travel Agency, Flyin


Saudi stocks receive landmark emerging markets upgrade from MSCI

Saudi stocks receive landmark emerging markets upgrade from MSCI:"Saudi Arabian equites are poised to attract up to $40 billion worth of foreign inflows, following a landmark decision by index provider MSCI to include the Kingdom’s stocks in its widely tracked Emerging Markets index. "MSCI will include the MSCI Saudi Arabia Index in the MSCI Emerging Markets Index, representing on a pro forma basis a weight of approximately 2.6% of the index with 32 securities, following a two-step inclusion pro...
Tags: Travel, Saudi Arabia, Kingdom, Mena, Riyadh, MSCI, Rupert Neil Bumfrey, MSCI Saudi Arabia Index, EM Index, Salah Shamma, Franklin Templeton Emerging Markets Equity


How to Spend a $210 Billion Oil Windfall - Bloomberg

How to Spend a $210 Billion Oil Windfall - Bloomberg:"The significant rise in oil prices over the past year has big implications for the Middle East and North Africa (MENA), where hydrocarbons still play a pivotal role in the economy. Despite this change, it’s imperative that countries in the region stay resolved to cut their dependence on oil and make their economies more diverse and resilient. Just a year ago, crude was trading below $50 a barrel, amid stories of oversupply and tumbling prices...
Tags: Travel, Middle East, Mena, North Africa MENA, Rupert Neil Bumfrey, Billion Oil Windfall Bloomberg


Mideast M&A deals decline sharply in Q1 2018 | GulfNews.com

Mideast M&A deals decline sharply in Q1 2018 | GulfNews.com:"Merger & acquisition deals across the Middle East and North Africa (Mena) region declined sharply year-on-year, falling 21.8 per cent in the first quarter of 2018, according to EY’s first-quarter 2018 M&A report.Mena M&A activity saw 93 announced deals in the first quarter of 2018, compared to 119 deals in the first quarter of 2017. The total disclosed deal value in the Mena region also dropped by 26.7 per cent in the first quarter thi...
Tags: Travel, Middle East, Uae, Mena, Mideast, North Africa MENA, Rupert Neil Bumfrey



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