Refine by sector
Latest articles in United Arab Emirates
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)
Strategy Note / Global

Bahrain-Israel: Signal on Saudi intentions is ambiguous

Bahrain's tiny size means its normalisation of ties with Israel (announced on 11 September) changes little apart from competition with freezones in the UAE for attracting Israeli firms seeking to address the GCC and regional market (with its exports...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 12 September 2020
Bahrain-Israel: Signal on Saudi intentions is ambiguous
Bahrain-Israel: Signal on Saudi intentions is ambiguous
Strategy Note / Global

UAE-Israel: Geopolitical and economic aspects of the deal

In this presentation we outline our views on the UAE-Israel deal and the trade opportunities it presents in sectors such as oil, shipping, pharma, diamonds and weapons. Geopolitically, UAE and Israel already shared common interests, such as oppositio...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 8 September 2020
UAE-Israel: Geopolitical and economic aspects of the deal
UAE-Israel: Geopolitical and economic aspects of the deal
Strategy Note / Global

UAE-Israel deal: Historic, not game-changing, at first glance

At face value, the UAE’s formal recognition of Israel and the latter’s suspension of West Bank annexation plans look, respectively, like an unprecedented geopolitical shift by a GCC state and a stark reversal of a potentially inflammatory Israeli pol...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 14 August 2020
UAE-Israel deal: Historic, not game-changing, at first glance
UAE-Israel deal: Historic, not game-changing, at first glance
Macro Analysis / Global

Emerging Market sovereign bond issuance falls by 60% in July

EM hard currency sovereign bond issuance dropped to US$8.2bn in July, a fall of 60% compared to June, bringing total issuance YTD to US$131.7bn, based on our calculations using data from Bond Radar. For the year so far, 70% of issuance has been IG an...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 3 August 2020
Emerging Market sovereign bond issuance falls by 60% in July
Emerging Market sovereign bond issuance falls by 60% in July
Equity Analysis / United Arab Emirates

Doubling foreign ownership limit puts a cheap, large-cap GCC bank on the table

In this note, we compare key performance metrics for ENBD and regional peers and also dig in to the bank’s recently published Q2 results. When ENBD increased its foreign ownership limit from 5% to 20% in September 2019, and indicated plans to raise t...
Tellimer Research Rahul Shah
Rahul Shah @ Tellimer Research 22 July 2020
Doubling foreign ownership limit puts a cheap, large-cap GCC bank on the table
Doubling foreign ownership limit puts a cheap, large-cap GCC bank on the table