Zawya.com - Abu Dhabi SE News

VTB Capital: MSCI Country Classification (18-Jun-13)

Tue, 18 Jun 2013 09:10:00 GMT

On 11 June the MSCI announced the results of its 2013 Annual Market Classification Review. The UAE and Qatar are to be reclassified to EM from FM, effective from the May 2014 review. Greece is to be reclassified from DM to EM and Morocco from EM to FM, effective from the November 2013 review. Taiwan and Korea remain under review for a DM upgrade. China A-Shares will be put under review for potential EM inclusion and Egypt is to be monitored more closely for exclusion from EM if the situation on the FX market deteriorates.

Arabtec wins Aldar’s AED4bn contract in Kazakhstan

Tue, 18 Jun 2013 05:02:48 GMT

Aldar Properties, Abu Dhabi’s largest real estate developer by market capitalisation, has awarded a contract worth nearly AED 4 billion in Kazakhstan to a joint venture company led by regional construction major Arabtec, it was announced.

Dubai shares make a strong comeback as investors adopt a cautious approach

Tue, 18 Jun 2013 05:01:33 GMT

UAE shares, especially Dubai, made a strong comeback on Monday after suffering losses on Sunday despite investors adopting a cautious approach.

OAB: Al Arabi GCC Technical Portfolio (17-Jun-13)

Mon, 17 Jun 2013 08:18:00 GMT

This is a PDF report.

NBK: MENA In Focus (05-Jun-13)

Sun, 16 Jun 2013 13:50:00 GMT

In Focus 1: Rise of the Smartphone: The dark side of over-the-top applicationsMost MENA telecom operators had been banking on the mobile data boom in the region to anchor their revenue growth prospects. The proliferation of smartphones has triggered substantial data demand and usage amongst users, encouraging operators to invest in new generation networks that will support the ever-growing demand for data. Operators were content with marketing, and in some cases, subsidizing smartphone handsets as a tool to support pricey lucrative data usage. However, smartphones have opened the door to ‘disruptive’ newcomers such as WhatsApp, Skype and Viber, over-the-top (OTT) providers that have taken a bite out of the lucrative mobile data revenue stream by offering message and voice services at a fraction of the telecom operators’ prices. Operators are faced with a choice: adapt or see their mobile data revenues shrink. In Focus 2: Saudi Banks’1Q2013 Results: What stood out?Looking at the performance of Saudi banks in 1Q2013, we note key takeaways: loan growth remained robust while NIM continued to be under pressure but to a lesser extent than before, supported by marginal drops in the cost of funds. We also note an increasing contribution of investment income to total operating income as the banks continue to put focus on non-interest income growth. Saudi banks continue to trade at low P/Bs compared with their history as well as emerging-market banks, signaling potentially attractive upsides. In our view, the lower valuations are unjustified, given the positive growth dynamics, the supportive macroeconomic environment and the resiliency of the banking sector in Saudi Arabia.

Global: GCC Equity Monitor (Apr-13)

Sun, 16 Jun 2013 10:04:00 GMT

This is a PDF report.

Stocks: Dubai gains and Abu Dhabi remains flat

Fri, 14 Jun 2013 05:04:11 GMT

After the momentous on Wednesday, when MSCI upgraded the UAE to emerging market status, Abu Dhabi benchmark ended flat and Dubai stock index rose slightly as retail investors repositioned themselves, booking profits in some stocks and buying shares of others.

Finance House Securities launches online trading for Dubai and Abu Dhabi bourses

Thu, 13 Jun 2013 07:18:26 GMT

Finance House Securities, a subsidiary of Finance House, has announced the launch of its new online trading platform.

UAE, Qatar bourses rally after MSCI upgrade

Thu, 13 Jun 2013 05:26:17 GMT

Stock markets in the UAE and Qatar gained on Wednesday after the MSCI upgraded the two countries to emerging market status. This is likely to attract increased attention from foreign investors.