Surprise OPEC move fails to reverse regional markets’ selling pressure – Al Masah Weekly report

The last week of September saw a surprise step by OPEC members to cut output (between 32.5 million bpd and 33.0 million bpd from about 33.5 million bpd) with more details about this agreement to be finalized at OPEC’s policy meeting in November. Oil prices took the news positively and have been on the rise since the meeting, currently trading above the USD50 mark, however, this major news surprisingly didn’t have the same effect on the regional markets said the Al Masah Weekly research report…Learn More

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Inconsistent & divergent regional trading patterns as buyers and sellers pick different trades

October trend lines stayed the same with buyers focused predominately on Saudi and Egypt as well as potential oil deal and value buying, allowing Saudi to gain 5% on the month. Egypt continues to be buoyed by the upcoming devaluation although the uncertainty over timing is causing volatility to spike; nevertheless October’s 5% gain is added to Egypt’s annual return of nearly 20%, reports Al Masah Capital Limited… Learn More

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Surprise OPEC move fails to reverse regional markets’ selling pressure – Al Masah Weekly report

The last week of September saw a surprise step by OPEC members to cut output (between 32.5 million bpd and 33.0 million bpd from about 33.5 million bpd) with more details about this agreement to be finalized at OPEC’s policy meeting in November. Oil prices took the news positively and have been on the rise since the meeting, currently trading above the USD50 mark, however, this major news surprisingly didn’t have the same effect on the regional markets said the Al Masah Weekly research report… Learn More

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Inconsistent & divergent regional trading patterns as buyers and sellers pick different trades

October trend lines stayed the same with buyers focused predominately on Saudi and Egypt as well as potential oil deal and value buying, allowing Saudi to gain 5% on the month. Egypt continues to be buoyed by the upcoming devaluation although the uncertainty over timing is causing volatility to spike; nevertheless October’s 5% gain is added to Egypt’s annual return of nearly 20%, reports Al Masah Capital Limited… Learn More

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Oil prices whipsaw as regional markets weigh macroeconomic conditions

After the major OPEC news last week, oil reacted positively and broke the USD 52 mark; however over the weekend, with news coming from Russia that there won’t be any deals with OPEC in its upcoming meeting in Istanbul, oil shied back to trade below USD 50. Global markets also responded negatively to the news and closed lower Friday said the Al Masah Weekly report… Learn More

 

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New UAE bankruptcy law is a lifeline for SMEs

Since its inception in 1971, the UAE has been distinguished as an icon for innovation and creativity in the GCC. The country is transforming itself from an oil-based economy to a sknowledge-based economy which is evident by the fact that knowledge-based industries and services now account for a greater part of the UAE’s gross domestic product (GDP) than oil revenues, having grown from 32.1 per cent in 2001 to 38.6 per cent in 2014… Learn More

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