Did you know?
Did you know “the Yellow Fleet” was a name given to a group of 15 commercial ships trapped in the Suez Canal from 1967 to 1975 as a result of the Six-Day War? The nickname was derived from their yellow appearance as they were increasingly covered in a desert sand swept on board as time passed.
Saudi’s Bond Issuance Reassures Regional Investors
"Global equity markets were relatively stable last week, there were no unpleasant surprises on the central bank policy front but company earnings were mixed. Economic data out of the US was generally in-line with investor expectation leading to the probability of a December rate hike of above 67%."(..)
Saleem Khokhar, NBAD's Head of Fund Management
Trump vs Clinton: The Final Countdown
As Election Day approaches, it is worth considering what Donald Trump’s economic proposals could mean for the USA and consequently the rest of the world. Let’s take a look at some of the key “Trumpenomics”: trade barriers, tax cuts, de-regulation and immigration.
Glenn Wepener, Executive Director & Geopolitical Analyst Middle East & Africa
Saudi Arabia: Veni, Vidi, Vici – KSA enters the EM world in style
Saudi Arabia’s blockbuster sovereign bond issue truly conquered the emerging markets fixed income space last week! As the largest EM sovereign bond issuance in history, KSA’s super jumbo deal was without doubt a landmark transaction. (...)
Chavan Bhogaita, NBAD's Head of Market Insights & Strategy
Healthy Balance Sheets Buoy US Markets
Last week’s successful first ever issuance of Saudi Arabia sovereign debt was greeted very well by international investors, who took $17.5 billion of 5, 10 and 30-year paper, and at lower spreads than originally envisaged. The issue was over-subscribed by at least three times. There was an impressive take up by a very large institutional investor base with good participation by Asian players in particular. (...)
Claude-Henri Chavanon, NBAD’s Head of Global Asset Management
Interview - The latest on UAE markets
Mohammed Ali Yasin, the Head of NBAD Securities, discusses the UAE equity markets' performance of the day, the banking sector results as well as the latest Saudi bonds issuance.
Daily Market News
Latest Global Market Reports
Oil – Which Way Is Up?
"Since January this year we have been warning about the growing risk of a potential oil price spike in the near to medium term. As we remain within the minority to hold this somewhat contrarian view we have been asked by some of our clients to clarify the reasons behind our thinking (...)"
Glenn Wepener, Geopolitical Analyst, Middle East & Africa
Other Region and Sector Insights
Driving Efficiency through your Cash Conversion Cycle
As the region takes a more cautious approach in times of declining oil revenues managing liquidity and cash conversion cycles (CCC) becomes an even more critical strategic objective for companies. The cash conversion cycle of a company is one of the key indicators of the liquidity required by a company to manage its day to day business. (...)