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Did you know that Egypt’s Great Pyramid in Giza was built as a burial place for King Khufu (2589-2566 BC) and took more than 20 years to construct? It is built from over two million blocks of limestone and stands 460 feet high, while the base takes up almost as much space as five football fields.

   

Latest Insights

UAE markets intraday review

INTERVIEW – Al Arabiya TV – 18 October 2017

Mohammed Ali Yasin, the CEO of NBAD Securities, commented on the drop in DAMAC’s profits for the first 9 months of 2017. He also mentioned that investors are waiting the results of banks and Blue Chips companies, next week, before they make their next investment decision

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Confidence is growing across global markets

Weekly Investment View – 15 October 2017

For a number of years, investors have grown accustomed to growth forecasts being revised downwards during the year – but we predicted that this year would be different. In line with ‘Outlook 2017’ published in January the IMF has once again revised its global growth forecast upwards. However, on the equity front, although we are still hoping for a moderate correction to enable long positions to be added to, we have not yet reached any kind of euphoria that would signal the end of the long equity bull market

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GCC Fixed Income Chart Book: Q3 2017 Review

12 October 2017

FAB’s market insights team published their quarterly review of GCC bond and sukuk markets for Q3 2017.

Chavan Bhogaita, Managing Director and Global Head of Market Insights & Strategy

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What’s behind the surge in trading on the Dubai Financial Market

INTERVIEW – Dubai Eye – 12 October 2017

Mohammed Ali Yasin, the CEO of NBAD Securities, Recent statements from the Minister of Economy on the country’s liquidity, along with positive news on oil prices and new IPOs coming in played an important part in October’s surge in traded volumes, said Mohammed Ali Yasin, the CEO of NBAD Securities. Until last month “there was no such catalyst to encourage people to enter the market”, he added. Even though volumes are not yet sufficient for analysts to talk about index improvement Mr Yasin remains very optimistic, partly due to expected IPOs.

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Why Saudi Arabia And Uae Earnings Are Under Pressure

INTERVIEW – Bloomberg TV – 04 October 2017

Mohammed Ali Yasin, the CEO of NBAD Securities, does not expect any surprises for the next earnings season. “The market has disappointed over the past few months” in terms of traded value and index movement, he said. Positive news that came from Saudi Arabia had boosted market performance in the 2nd and 3rd quarters, which we don’t have at the moment, according to Mr. Yasin. “The sentiment has mellowed down and investors are waiting for a catalyst to change that.”

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Bahrain prints $3bn deal - Anyone still doubting investor demand?

Hot Topics – 14 September 2017

Bahrain’s successful $3bn three-tranche sovereign transaction shows pretty clearly that there is still substantial investor appetite for GCC paper. FAB’s Market Insights & Strategy team have produced a brief commentary on this deal.

Rakesh Sahu, Analyst – Market Insights & Strategy
Chavan Bhogaita, Head of Market Insights & Strategy

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Daily Market News

Latest Global Market Reports

Bahrain‘s new bond/sukuk combo – a good test of investor appetite?

Hot Topics – 13 September 2017

Following the Kingdom of Bahrain’s announcement of initial price talk for its 3-tranche bond and sukuk transaction, FAB’s Market Insights & Strategy team provides a quick overview of the deal along with some relative value analysis.

Rakesh Sahu, Analyst – Market Insights & Strategy
Chavan Bhogaita, Head of Market Insights & Strategy

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Take Two - Kenya’s Presidential Election To Be Re-run

Hot Topics – 04 September 2017

Markets have begun to reflect growing concerns over the potential for extended political turbulence in Kenya, after the country’s High Court declared the latest Presidential election’s results invalid and ordered fresh elections be held within the next two months, due to ‘illegalities’ around the electronic transmission of paper results. We expect pressure on Kenyan assets to continue in the near term, at least until the poll has been re-run.

Glenn Wepener, Executive Director & Geopolitical Analyst Middle East & Africa

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Other Regional and Sector Insights

Friendly Markets Still

Weekly Fixed Income Comment – 09 October 2017

Amongst the time honoured tasks of a portfolio manager, the quarterly report is firmly on the list. The review of the last 3 months and a look ahead to the next 3. Normally seen as an important but less than thrilling task, this particular mode of reflection does occasionally(...)

Ian Clarke, Head of Fixed Income Fund Management

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Tight mortgage lending rules may have an impact on real estate sector

INTERVIEW – Al Arabiya – 28 September 2017

(ARABIC CONTENT) Mohammed Ali Yasin, the CEO of NBAD Securities comments on some banks’ request for the UAE Central Bank to reduce constraints on mortgage lending.
After late September’s low traded volumes, Mr. Yasin also expects October to be a potentially better month for GCC equities, thanks to blue chip stocks.

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Bullish euro/bearish dollar trend to continue?

The Bigger Picture – 05 September 2017

Investors should not get too excited about short-run cyclical improvements in the Eurozone when the degree of required structural change remains substantial. The dollar has already discounted much Trump-related bad news for the time being, hence could easily bounce from current levels, limiting euro upside. We have revised our expected six-month trading range to $1.1200-1.2500 (from $1.0500-1.1700 previously).

Alain Marckus, FAB’s Director of Investment Strategy - Global Asset Management

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