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“Write bad things that are done to you in sand, but write the good things that happen to you on a piece of marble” – Arabic Proverb.

   

Latest Insights

Off The Beaten Track

Hot Topics – 24 July 2017

The big economies of Sub-Saharan Africa, such as South Africa, Kenya and Nigeria are regularly reported upon and analyzed, but there are number of much smaller states which have made significant advances both politically and economically over the past few years, but do not quite get the same degree of limelight. So in a change of tack from our usual publications I thought this month we would take a brief look at three of these countries, namely; Djibouti, Mauritius and Rwanda. Each face numerous and ongoing challenges, but at the same time highlight the true potential and hope for the world’s largest continent as well as dispelling some of its myths.

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

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Onto the next US hurdles

Weekly Investment View – 23 July 2017

Developed market equities closed indecisively/lower last week, with President Trump’s health-care bill problems contributing to dollar weakness and concern about other potential legislative hurdles. The report discusses the US health-care issue. Last week’s ECB policy update is covered, underlining the importance of the euro/dollar rate. Another section explains how our positive Asia-Pacific (ex-Japan) equity view is paying-off. The Investment Summary gives a road-map for what needs to happen now for Trump to make progress, and the hurdles the Republicans might face. US stocks may tread water for a while.

Claude-Henri Chavanon, Head of Products & Services - Wealth & Private Banking

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Interview – UAE Market Performance for the Day

Al Arabiya TV – 20 July 2017

Mohammed Ali Yasin, the CEO of NBAD Securities
Mohammed Ali Yasin, the CEO of NBAD Securities, commented on companies financial results for Q2/2017 and H1/2017, with a focus on DIB and ENBD banks. According to Mr. Yasin, the momentum in the market will be stronger starting from September, which will positively impact its performance in Q4 this year.

Watch the video

Egypt – Quiet Progress

Hot Topics – 18 June 2017

While a number of major geo-political events such as the ongoing investigation into Russian meddling of the US elections, sabre-rattling by North Korea, Brexit and the more recent Qatar dispute, continue to take-up much of the global media headlines and analysis, Egypt has quietly been making progress on the economic front since it floated the pound and signed up to an IMF program late last year.(...)

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

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VAT in the GCC

Hot Topics – 1 June 2017

A quick primer on the VAT implementation in the GCC. There is of course much more information yet to come in terms of VAT – such as the granular details about how and when it will be implemented in each of the Gulf states. Please watch this space for further updates in this regard.

Alp Eke, Senior Economist
Omar Abdulhadi, Associate Director & Analyst

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Daily Market News

Latest Global Market Reports

GCC Fixed Income Chart Book: 1H 2017 Review

05 July 2017

FAB’s market insights team published their quarterly review of GCC bond and sukuk markets for 1H 2017. Click here to view the full report.

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

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Other Regional and Sector Insights

Summer Markets

Weekly Fixed Income Comment – 24 July 2017

Whilst it was a week where the set pieces were dominated by Europe, in the form of the ECB meeting, the US Treasury market and US dollar were most relevant to MENA bonds and sukuk last week. Positive returns were mainly driven by the US Treasury rally, that included a flattening yield curve that (...)

Ian Clarke, Head of Fixed Income Fund Management

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Strengthening UAE & Mena Markets

Weekly Equity Comment – 17 July 2017

A strong performance from Mena equity markets over the past week with our Mena and UAE equity funds and portfolios registering between 2% and 4% return. Mena equity returns were supported by a stable global backdrop and higher oil prices(...)

Saleem Khokhar, Head of Equities Fund Management

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