Refine by sector
Latest articles in Qatar
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
Equity Analysis / Global

Yalla: Arabia's Facebook

Yalla has the potential to become a home-grown alternative to social network giants like Facebook in MENA. It provides investors exposure to the rise of EM tech through a US-listed entity. While social media platforms like Facebook, Instagram and Twi...
Tellimer Research Nirgunan Tiruchelvam
Nirgunan Tiruchelvam @ Tellimer Research 23 October 2020
Arabia's Facebook
Arabia's Facebook
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 / Global

Saudi and GCC: Recent oil price drop is a risk for equities (in one chart)

GCC equities (MSCI GCC) broadly tracked the 10% increase in oil price over July and August 2020. Oil price has dropped 10% since the start of September but GCC equities are flat, implying higher risk near-term......given fiscal break-even oil prices...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 13 September 2020
Saudi and GCC: Recent oil price drop is a risk for equities (in one chart)
Saudi and GCC: Recent oil price drop is a risk for equities (in one chart)