EFG Hermes: MENA Quarterly Economics - Inflation Differentiating MENA (08-Aug-11)
2011-08-08 19:45:00
+ развернуть текст сохранённая копия
Inflation across the MENA region was relatively contained in 1H2011, with more than half of our countries under our coverage seeing flat or lower inflation levels compared to end-2010. Jordan was the only MENA country to increase its benchmark lending rates in 1H2011. Drivers of inflation have been narrower versus most emerging markets (with generally ample economic slack and limited asset price inflation), although rising food prices have been a common theme across the MENA region. Thus, monetary tightening would have been limited in lowering inflation levels, in our view
Тэги:
subscription
EFG Hermes: MENA Strategy Note (08-Aug-11)
2011-08-08 11:00:00
+ развернуть текст сохранённая копия
Early signs indicate that the current sharp sell-off in MENA markets is unlikely to last for more than a few days, unlike the sustained selling pressure we saw in mid-2008. We do not believe that the US credit rating downgrade is itself enough to cause prolonged market weakness, although the Eurozone remains a major source of risk. We note that investors are far less leveraged than in 2008, and foreign investors are relatively uninvested in the region. MENA markets typically outperform global markets during periods of weakness, principally due to higher dividend yields, in our opinion.
Тэги:
subscription
UAE: Country outlook
2011-08-01 17:45:00
+ развернуть текст сохранённая копия
Тэги:
subscription
US Debt Crisis Spurs Gold Record, Silver Gains
2011-07-30 08:40:03
+ развернуть текст сохранённая копия
Gold stood out as a beacon of safety as investors, anxious about an escalating U.S. debt crisis and weaker-than-expected growth, pushed prices to a record on Friday.
Тэги:
subscription
Dubai's Drake & Scull Secures AED170M MEP Contract In Abu Dhabi
2011-07-27 15:04:32
+ развернуть текст сохранённая копия
DSI Chief Executive Officer Khaldoun Tabari said the company has now successfully secured AED3.4 billion worth of work since the beginning of the year.
Тэги:
subscription
