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Latest Insights

Interview – GCC Markets Going Sideways

Bloomberg – 24 May 2017

Mohammed Ali Yasin, Chief Executive Officer of NBADS,
While many MENA investors are looking to benefit from the recent deals between Saudi Arabia and the United States, it is still early for them to position themselves, until we know the amounts that will flow into the Saudi economy. Capital markets in order to grow need liquidity to be pumped into them rather than out.
Most GCC indices have been witnessing negative movements for the last three months. A positive catalyst could be the next OPEC meeting in Vienna and an agreement extension to Q1 2018.

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Oman Markets Its Debut US$ Sukuk Issue

Hot Topics – 23 May 2017

Following on from its successful bond issue in March, the Sultanate of Oman is now back in the debt capital market – this time selling a debut 7-year sukuk transaction. NBAD’s Market Insights team has published its initial thoughts and relative value analysis in the attached document

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

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Making it Through a Mid-Week Wobble

Weekly Investment View – 21 May 2017

During the last week investors began to feel some frustration from the political headwinds facing Trump and his team, and a new scandal in Brazil. On the regional front, the IMF is positive on the economic outlook for the UAE, and what has been achieved here.

Claude-Henri Chavanon, NBAD’s Head of Global Asset Management

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Fixed Income 2017 – Being selective

The Bigger Picture – 10 May 2017

At the beginning of the year, NBAD’s latest Global Investment Outlook said that 2017 would be better than 2016 for risk investing. As a result, we favoured equities over fixed income in our overall asset allocation. While it is not the end for fixed income in asset allocation, we believe that careful name selection is the key to returns in bonds.

Alain Marckus, NBAD’s Director of Investment Strategy

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Words of War – The ‘Un’-doing Of North Korea

Hot Topics – 01 May 2017

In 1962 the world came the closest it’s yet been to a nuclear war, fortunately cool heads eventually prevailed both in the White House and Moscow as diplomacy overcame sabre-rattling and the rest of humanity breathed a huge sigh of relief. Now in 2017 are we facing another ‘missile crisis’ which, with very different personalities making decisions in Washington and Pyongyang compared to Kennedy and Khrushchev, has the potential to lead us down a road where diplomacy takes a back seat this time round?

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

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Daily Market News

Latest Global Market Reports

Saudi King orders Cabinet reshuffle & restores allowances

Hot Topics – 24 April 2017

The King of Saudi Arabia, Salman bin Abdulaziz, issued a number of decrees this past weekend including a reversal of certain austerity measures and a minor cabinet reshuffle.

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

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GCC Fixed Income Chart Book: Q1 2017 Review

19 April 2017

The GCC bond and sukuk markets have had a stellar Q1 and are set for another record year in terms of new issuance. NBAD’s Market Insights & Strategy team provides a quick snapshot of this market and the key developments in this report.

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

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Other Regional and Sector Insights

Mena Markets – Reforms & Oil

Weekly Equity Comment – 23 May 2017

Regional markets recovered some lost ground over the past week as investors sought to balance a weaker oil price against regional reforms. As we write, US President Donald Trump’s visit to Saudi Arabia has created some positive sentiment (...)

Saleem Khokhar, Head of Equities Fund Management

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Weekly Fixed Income Comment – 22 May 2017

Trumped. Last week and over the weekend The Donald provided two issues for investors to get up to speed on: the US Constitution and Middle East geopolitics. (...)

Ian Clarke, Head of Fixed Income Fund Management

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