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Latest articles in Kuwait
Strategy Note / Global

UAE doing all it can to reignite expats, Dubai equities still cheap

Are these reforms sufficient? They are more likely to help the off-plan (eg Emaar Development) than the completed (eg Emaar Malls) part of the real estate sector, which might prompt a reversal in the relative ytd performance of these two subsidiaries...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 24 November 2020
UAE doing all it can to reignite expats, Dubai equities still cheap
UAE doing all it can to reignite expats, Dubai equities still cheap
Strategy Note / Global

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
Strategy Note / Global

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
Flash Report / Global

NCB-Samba merger builds regional powerhouse

Further to their preliminary announcement on 25 June, Saudi Arabia’s National Commercial Bank and Samba Financial Group have entered into a legally binding merger agreement. According to NCB Chairman Saeed Al-Ghamdi: "Saudi Arabia’s historic transfor...
Tellimer Research Rahul Shah
Rahul Shah @ Tellimer Research 12 October 2020
NCB-Samba merger builds regional powerhouse, but rewards may not match risks
NCB-Samba merger builds regional powerhouse, but rewards may not match risks
Strategy Note / Kuwait

Kuwait's 83-year-old Emir nominates 80-year-old Crown Prince

The Kuwait Parliament is scheduled to vote on whether to approve the nomination today (8 October). Scheduled parliamentary elections are likely to take place in late November or early December 2020.
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 8 October 2020
Kuwait's 83-year-old Emir nominates 80-year-old Crown Prince
Kuwait's 83-year-old Emir nominates 80-year-old Crown Prince
Strategy Note / Kuwait

Kuwait’s crown passes to 83-year-old successor amid fiscal challenges

The death of the Emir means that: the crown now passes to Crown Prince Nawaf Al-Ahmad Al-Jaber Al-Sabah (aged 83); the royal family will have to balance the interests of its two branches (Al-Ahmad and Al-Salem) to settle on a new Crown Prince; and th...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 29 September 2020
Kuwait’s crown passes to 83-year-old successor amid fiscal challenges
Kuwait’s crown passes to 83-year-old successor amid fiscal challenges