Posts filtered by tags: Jaap Meijer[x]


 

Mideast Stocks Head Warily Into May After April Gains: Inside EM - Bloomberg

Mideast Stocks Head Warily Into May After April Gains: Inside EM - Bloomberg Middle East stock markets were mixed as investors looked for direction on the first trading day of the month following gains in April.The main indexes in Kuwait, Oman and Dubai each rose 0.7% on Sunday, while the gauge in Abu Dhabi added 0.5%. Saudi Arabia’s Tadawul All Share Index led losses with a 0.5% retreat. Qatari and Israeli markets were little changed. Trading in Bahrain and Egypt was closed for holidays.Thoug...
Tags: Travel, Saudi Arabia, Opec, Qatar, Bloomberg, Egypt, Dubai, Abu Dhabi, Bahrain, Gulf, Riyadh, Mohammed bin Salman, Rupert Neil Bumfrey, Dubai Islamic Bank, Al Rajhi, Jabal Omar Development


Middle East Stocks: Jordanian Shares Slip, Bucking Gains in Mideast Peers - Bloomberg

Stocks in Jordan snapped a three-day advance, bucking gains in most Middle East markets, after several arrests were made following what may have been an attempt to destabilize the current government.The Amman Stock Exchange General Index fell as much as 0.6% Sunday, reversing an increase of 0.5% last week. Jordan Petroleum Refinery Co. and Jordan Phosphate Mines fell more than 1%, dragging the index down the most.Over the weekend, Hasan Bin Zeid, a member of the Jordanian royal family, was held ...
Tags: Travel, Saudi Arabia, Opec, Morocco, Middle East, Oman, Jordan, Kuwait, Saudi Aramco, Bloomberg Television, Abdullah, SABIC, Bloomberg Intelligence, Rupert Neil Bumfrey, Saudi Telecom, Arqaam Capital


#Dubai Stocks Lead Mideast Selloff Amid Travel Curbs: Inside EM - Bloomberg

Dubai Stocks Lead Mideast Selloff Amid Travel Curbs: Inside EM - Bloomberg Most Middle East stocks fell, with shares in Dubai leading losses, as increased travel restrictions added to pessimism over vaccine rollouts sweeping global equity markets.Dubai and Abu Dhabi’s gauges dropped 1.3% and 0.6%, respectively, as of noon local time. Saudi Arabia’s main index retreated 0.6% as Saudi Basic Industries Corporation fell as much as 1% even after 2020 profit beat estimates. Qatari stocks declined 0.5%...
Tags: Travel, Saudi Arabia, Global, Bloomberg, South Africa, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Bloomberg Television, Rupert Neil Bumfrey, Arqaam Capital, Jaap Meijer, Saudi Basic Industries Corporation


Biggest #Dubai Bank More Than Doubles Provisions; Profit Dips - Bloomberg

Biggest Dubai Bank More Than Doubles Provisions; Profit Dips - Bloomberg:  Emirates NBD PJSC braced for credit losses by more than doubling the amount of money set aside in provisions amid the coronavirus pandemic as it reported a 55% slump in its nine-month profit.  Dubai’s biggest bank increased impairment allowances more than anticipated by some analysts, bringing the total to 6.4 billion dirhams ($1.7 billion), according to a statement on Tuesday. Profit dropped to 5.6 billion dirhams on hi...
Tags: Travel, Dubai, Gulf, Emirates NBD, Rupert Neil Bumfrey, Network International, Arqaam Capital, Jaap Meijer, Network International Holdings Plc, Biggest Dubai Bank More Than Doubles Provisions, Profit Dips Bloomberg


#UAE, #Dubai News: Burj Khalifa Builder Arabtec Set To Fall Into Liquidation - Bloomberg

UAE, Dubai News: Burj Khalifa Builder Arabtec Set To Fall Into Liquidation - Bloomberg: The Burj Khalifa skyscraper, center.   Photographer: Christopher Pike/Bloomberg Shareholders of United Arab Emirates-based Arabtec Holding PJSC voted to dissolve the debt-laden construction firm, in a move that is likely to impact thousands of jobs as well as scores of suppliers and sub-contractors in the region.Construction companies that sprung up more than a decade ago as a building bonanz...
Tags: Travel, Bloomberg, United Arab Emirates, Dubai, Group, Burj Khalifa, Gulf, Bloomberg Television, Rupert Neil Bumfrey, Arqaam Capital, Jaap Meijer, Arabtec Holding, Arabtec Holding PJSC, UAE Dubai News


Middle Eastern Markets Climb With Oil, Stimulus Eyed: Inside EM - Bloomberg

Middle Eastern Markets Climb With Oil, Stimulus Eyed: Inside EM - Bloomberg:Stocks across the Middle East advanced, taking their cue from Friday’s rally in oil prices and amid further signs that governments are ready to do more to stimulate their virus-battered economies.Israel’s TA-35 rose as much as 1.1% in Tel Aviv, heading for the first increase in four sessions. The government said after markets closed Thursday that unemployment benefits will remain in place through June 2021 while the jobl...
Tags: Travel, Israel, Tel Aviv, Bloomberg, Middle East, Dubai, Rupert Neil Bumfrey, Arqaam Capital, Jaap Meijer, Global Ratings


#Saudi Aramco to Rise more says Jaap Meijer, managing director of equity research at Arqaam Capital - Bloomberg

Saudi Aramco to Rise more says Jaap Meijer, managing director of equity research at Arqaam Capital - Bloomberg:Jaap Meijer, managing director of equity research at Arqaam Capital Ltd. in Dubai, talks about the prospects for Saudi Aramco. Its shares surged Wednesday after the oil producer’s initial public offering, valuing the company at a record $1.88 trillion in the culmination of a four-year effort by the kingdom to list its crown jewel. Meijer speaks with Manus Cranny and Tracy Alloway on "Bl...
Tags: Travel, Bloomberg, Dubai, Saudi Aramco, Meijer, Rupert Neil Bumfrey, Tracy Alloway, Jaap Meijer, Bloomberg Daybreak, Arqaam Capital Ltd, Arqaam Capital Bloomberg


#AbuDhabi Stocks Drop, Matching Longest Losing Streak on Record - Bloomberg

Abu Dhabi Stocks Drop, Matching Longest Losing Streak on Record - Bloomberg:Abu Dhabi’s equity benchmark ADX General Index dropped on Wednesday, matching the gauge’s longest losing streak on record after extending its drop to a 10th session, as the index’s biggest member First Abu Dhabi Bank PJSC is facing pressure by more attractively valued peers.The ADX has dropped 6.2 percent since the start of the month, making it the worst equity performer globally among major stock gauges tracked by Bloom...
Tags: Travel, Bloomberg, Abu Dhabi, Fab, Rupert Neil Bumfrey, Jaap Meijer, Arqaam Capital Ltd, First Abu Dhabi Bank PJSC, Record Bloomberg, Abu Dhabi Commercial Bank PJSC, Bloomberg FAB


Arqaam Capital Slowly Tweaking 'Big Overweight' Position on #Saudi Stocks – Bloomberg

Arqaam Capital Slowly Tweaking 'Big Overweight' Position on Saudi Stocks – Bloomberg:Jaap Meijer, managing director and head of equity research at investment bank Arqaam Capital Ltd. in Dubai, talks about Saudi and Dubai stocks. He speaks on "Bloomberg Daybreak: Middle East." (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Bloomberg, Dubai, Rupert Neil Bumfrey, Jaap Meijer, Bloomberg Daybreak, Arqaam Capital Ltd


Saudi Stocks 'Buying Opportunity' Seen, Arqaam Capital's Meijer Says – Bloomberg

Saudi Stocks 'Buying Opportunity' Seen, Arqaam Capital's Meijer Says – Bloomberg:Jaap Meijer, managing director and head of equity research at investment bank Arqaam Capital Ltd. in Dubai, talks about geopolitical issues Saudi Arabia faces, and the implications for the country's financial markets. He speaks with Yousef Gamal El-Din and Manus Cranny on "Bloomberg Daybreak: Middle East." (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Bloomberg, Dubai, Meijer, Rupert Neil Bumfrey, Jaap Meijer, Bloomberg Daybreak, Arqaam Capital Ltd, Yousef Gamal El Din


Dubai Bank's Turkey Bet Just Got $1 Billion Cheaper. And Riskier - Bloomberg

Dubai Bank's Turkey Bet Just Got $1 Billion Cheaper. And Riskier - Bloomberg:On the face of it, Emirates NBD PJSC’s acquisition of Turkey’s Denizbank AS has become about $1 billion cheaper. Still, the deal could prove to be the riskiest yet for Dubai’s biggest bank.Since Emirates NBD agreed to buy the Turkish lender from Russia’s Sberbank for 14.6 billion liras -- worth $3.2 billion on May 22 -- the value of the acquisition has fallen to about $2.1 billion in dollar terms after the lira sank abo...
Tags: Travel, Russia, Turkey, Dubai, Emirates NBD, Sberbank, Rupert Neil Bumfrey, Emirates NBD PJSC, Jaap Meijer, Arqaam Capital Ltd, Dubai Bank, Denizbank AS


UAE banks poised for strong H2 performance | GulfNews.com

UAE banks poised for strong H2 performance | GulfNews.com:"Financial results of UAE banks in the second quarter of this year point to improving profitability, modest balance sheet growth, margin expansion and improving costs, according to banking sector analysts.While the underlying trend of a turnaround in growth and profitability is in its early stages, analysts say these are sustainable.“The UAE banks generally reported good second-quarter results, driven by improving credit environment and s...
Tags: Travel, Dubai, Abu Dhabi, Uae, Equity Research, Rupert Neil Bumfrey, Arqaam Capital, Jaap Meijer


These Are the Corporate Winners and Losers of the Qatar Standoff - Bloomberg

These Are the Corporate Winners and Losers of the Qatar Standoff - Bloomberg:"With Qatar increasingly isolated from its Gulf neighbors in an escalating geopolitical crisis, the economic and financial implications are starting to emerge. The country — which has been accused of supporting Islamist militant groups by Saudi Arabia, Bahrain, the United Arab Emirates and Egypt — relies on other Gulf states for about 20 percent of its imports and almost half of its tourists, according to Dubai-based Ar...
Tags: Travel, Qatar, Egypt, GCC, United Arab Emirates, Dubai, Gulf, Saudi Arabia Bahrain, Rupert Neil Bumfrey, Arqaam, Jaap Meijer, Arqaam Capital Ltd, Qatar Standoff Bloomberg


Arqaam's Meijer Says Deals Will Fuel Saudi GDP Growth - Bloomberg

Arqaam's Meijer Says Deals Will Fuel Saudi GDP Growth - Bloomberg:"Jaap Meijer, managing director and head of equity research at Arqaam Capital, discusses the deals signed between the U.S. and Saudi Arabia. He speaks on "Bloomberg Markets: Middle East." (Source: Bloomberg)"'via Blog this' [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Bloomberg, Rupert Neil Bumfrey, Arqaam Capital, Jaap Meijer


As You Wait for Aramco, Here Are Other Middle East IPO Hot Spots - Bloomberg

As You Wait for Aramco, Here Are Other Middle East IPO Hot Spots - Bloomberg:"Saudi Arabian Oil Co.’s plans for a giant initial public offering are top of mind for Middle East investors -- but they may have to wait at least until late 2018 to snap up the shares. While they prepare for Aramco, regional money managers are taking stock of what else might come to market this year. After a slow 2016, when IPOs in the Middle East and Africa fell 64 percent to $1.7 billion, according to data compiled b...
Tags: Travel, Saudi Arabia, Africa, Bloomberg, Egypt, Middle East, Dubai, Aramco, Meijer, Saudi Arabian Oil Co, International Bank, Rupert Neil Bumfrey, Jaap Meijer, Arqaam Capital Ltd, Banque du Caire


GCC bank profits expected to improve in 2017 | GulfNews.com

GCC bank profits expected to improve in 2017 | GulfNews.com:"Profitability of Gulf Cooperation Council (GCC) banks are expected to improve this year after going through a slowdown last year according to banking industry analysts and rating agencies.“Earnings in GCC may show a growth of 5.9 per cent 2017 after a slight compression in 2016 of 3 per cent, with return on equity (RoE) stabilising at 13.1 per cent,” said Jaap Meijer, Director of Research at Arqaam Capital.Although the operating enviro...
Tags: Travel, GCC, Gulf Cooperation Council GCC, Rupert Neil Bumfrey, Jaap Meijer


Arqaam Sees U.A.E. Bank ADCB Buying UNB in Next 12 to 18 Months - Bloomberg

Arqaam Sees U.A.E. Bank ADCB Buying UNB in Next 12 to 18 Months - Bloomberg: "Abu Dhabi Commercial Bank PJSC will probably buy smaller rival Union National Bank PJSC in the next 12 to 18 months as the planned merger of Abu Dhabi’s two biggest banks boosts consolidation in the United Arab Emirates’ banking industry, Arqaam Capital Ltd. said.Arqaam is “pretty confident” that ADCB and UNB looked at the possibility of a merger and “probably concluded that there are very strong merits for such a move...
Tags: Travel, United Arab Emirates, Abu Dhabi, Bloomberg TV, UNB, First Gulf Bank PJSC, Rupert Neil Bumfrey, ADCB, National Bank of Abu Dhabi PJSC, Arqaam, Jaap Meijer


Saudi Arabia's NCB Missed Estimates - Bloomberg

Saudi Arabia's NCB Missed Estimates - Bloomberg:"Jaap Meijer, managing director and head of research at Arqaam Capital, discusses Saudi Arabia's National Commercial Bank Earnings, Saudi bank stocks and where he's finding opportunities. He speaks to Yousef Gamal El-Din and Angie Lau on "Bloomberg Markets: Middle East.""'via Blog this' [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Middle East, Bloomberg Markets, Rupert Neil Bumfrey, Angie Lau, Arqaam Capital, Jaap Meijer


Saudi economic growth outlook faces further downward pressure | GulfNews.com

Saudi economic growth outlook faces further downward pressure | GulfNews.com:"After reporting a better than expected GDP growth in the second quarter of this year, Saudi Arabia’s economic growth is expected to slip into negative territory this year, according to economists and analysts.“Saudi second quarter GDP growth was better than expected, but a headline contraction is only a matter of time,” said Jaap Meijer, Managing Director of Research, Arqaam Capital.The kingdom reported a stronger than...
Tags: Travel, Saudi Arabia, Rupert Neil Bumfrey, Jaap Meijer


Full Show: Bloomberg Markets Middle East (07/19) - Bloomberg

Full Show: Bloomberg Markets Middle East (07/19) - Bloomberg:"Bloomberg Markets Middle East hosted by Yousef Gamal El-Din and Angie Lau. Guests include Nadir Qureshi, chief investment officer at Makara Capital, Shamsheer Vayalil, chief executive officer at VPS Healthcare, and Jaap Meijer, managing director and head of research at Arqaam Capital. (Source: Bloomberg)"'via Blog this' [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Bloomberg, Middle East, Bloomberg Markets, Rupert Neil Bumfrey, Angie Lau, Jaap Meijer


UAE banking sector growth expected to remain soft in 2016 | GulfNews.com

UAE banking sector growth expected to remain soft in 2016 | GulfNews.com:"The UAE’s banking sector earnings are expected to soften further in the second quarter as many banks are likely to announce weak growth in lending and profitability in their second quarter earnings, according to banking sector analysts.“We forecast bottom line to fall -3.5 per cent year on year in the second quarter as growth remains soft amid a challenging macro environment, net interest margins (NIM) is under moderate pr...
Tags: Travel, Uae, NII, NIM, Rupert Neil Bumfrey, Arqaam Capital, Jaap Meijer


Full Show: Bloomberg Markets Middle East (06/12) - Bloomberg

Full Show: Bloomberg Markets Middle East (06/20) - Bloomberg:"Full episode of "Bloomberg Markets Middle East." Guests include Sheila Shadmand, partner-in-charge Dubai at Jones Day and Jaap Meijer, managing director at Arqaam Capital. (Source: Bloomberg)"'via Blog this' [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Bloomberg, Dubai, Rupert Neil Bumfrey, Bloomberg Markets Middle East, Jaap Meijer


FGB May Pay 14% Premium in Abu Dhabi Bank Deal, Arqaam Says - Bloomberg

FGB May Pay 14% Premium in Abu Dhabi Bank Deal, Arqaam Says - Bloomberg:"First Gulf Bank PJSC could pay a premium of as much as 14 percent to buy National Bank of Abu Dhabi PJSC in a deal that would combine two of the biggest banks in the Middle East, according to a report by Arqaam Capital Ltd.NBAD, which is 69 percent owned by sovereign wealth fund Abu Dhabi Investment Council, would play the role of a junior partner in a deal, analyst Jaap Meijer said in a research report Thursday. Meijer sai...
Tags: Travel, Middle East, Meijer, First Gulf Bank PJSC, FGB, NBAD, Rupert Neil Bumfrey, National Bank of Abu Dhabi PJSC, Jaap Meijer


GCC banks feel the pinch as funding costs rise | GulfNews.com

GCC banks feel the pinch as funding costs rise | GulfNews.com:"A substantial increase in the cost of funds combined with liquidity squeeze is forcing regional banks and governments to source funding outside their home markets at wider spreads. The rising cost of funds is expected to hurt the profitability of Gulf banks, Arqaam Capital said in a recent report.Although banks are expected to benefit from a rate hike in terms of gains in return on equity and net interest margins (NIMs) they are bein...
Tags: Travel, GCC, Gulf, Rupert Neil Bumfrey, Arqaam Capital, Jaap Meijer


Why We're Cautious on Saudi Banks: Arqaam's Meijer - Bloomberg

Why We're Cautious on Saudi Banks: Arqaam's Meijer - Bloomberg: "Jaap Meijer, Arqaam Capital managing director, discusses HSBC's earnings report and the outlook for Saudi banks with Bloomberg's Manus Cranny on "Bloomberg Market Middle East." (Source: Bloomberg)"'via Blog this' [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Bloomberg, Hsbc, Rupert Neil Bumfrey, Arqaam Capital, Meijer Bloomberg, Jaap Meijer, Manus Cranny, Bloomberg Market Middle East