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Oil: The cheapest oil exporter equity markets

Tellimer Research Hasnain Malik @ Tellimer Research
Hasnain Malik @
Tellimer Research
8 January 2021

EM sovereign bond issuance highest since April, but High Yield still lags

Stuart Culverhouse 1 December 2020

Oman personal income tax a precedent for others in the GCC

Hasnain Malik 2 November 2020

Saudi and GCC ugly fiscal truth from low oil prices

Hasnain Malik 20 October 2020

EM sovereign bond issuance jumped in September but by less than expected

Stuart Culverhouse 1 October 2020
Latest articles in Bahrain

UAE aluminium exempted from US import tariff as Trump leaves office

In his final hours at the White House, outgoing US President Donald Trump exempted the United Arab Emirates (UAE) from 10% tariffs on aluminium imports. Two weeks ago, EGA successfully ramped-up production at its new US$3.3bn alumina refinery to its...
Tellimer Research Vahaj Ahmed
Vahaj Ahmed @ Tellimer Research 21 January 2021
UAE aluminium exempted from US import tariff as Trump leaves office
UAE aluminium exempted from US import tariff as Trump leaves office

Israel's hardline shift is bad news for the Middle East

Benjamin Netanyahu's Likud party, with a range of 23% to 30% Knesset seats over the last decade or so, has often relied on coalition partners. But this time, parties further to the extreme than Likud are registering, collectively, over 35% in recent...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 10 January 2021
Israel's hardline shift is bad news for the Middle East
Israel's hardline shift is bad news for the Middle East

Oil: The cheapest oil exporter equity markets

Covid-19 second waves, the reliance on Saudi unilaterally shouldering the burden of marginal output restraint, and the fragile nature of Saudi-Russia cooperation tempers our optimism on oil relative to other commodities with secular demand drivers (e...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 8 January 2021
Oil: The cheapest oil exporter equity markets
Oil: The cheapest oil exporter equity markets

EM sovereign bond issuance highest since April, but High Yield still lags

EM hard currency sovereign bond issuance jumped to US$26.2bn in November, more than twice the level in October, and the highest monthly volume since the market reopened in April. That is, the average run rate over the last four months has essentially...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 1 December 2020
EM sovereign bond issuance highest since April, but High Yield still lags
EM sovereign bond issuance highest since April, but High Yield still lags

Oman personal income tax a precedent for others in the GCC

It should be no surprise that Oman is attempting to increase fiscal revenue from tax given persistent low oil prices is pushing its fiscal deficit to 18% and 17% in 2020 and 2021, respectively, according to IMF forecasts. But the pace of introduction...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 2 November 2020
Oman personal income tax a precedent for others in the GCC
Oman personal income tax a precedent for others in the GCC

Saudi and GCC ugly fiscal truth from low oil prices

At least, most in the GCC region are forecast to bring down their fiscal breakevens in 2021, eg Saudi drops from US$78 (with a c11% fiscal deficit) in 2020 to US$68 (6% fiscal deficit) in 2021. Saudi and GCC currencies: Drop the pegs while FX reserve...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 20 October 2020
Saudi and GCC ugly fiscal truth from low oil prices
Saudi and GCC ugly fiscal truth from low oil prices