Global markets ended the week with mixed performances

A week that was expected to remain positive witnessed downward pressure on Friday post the outcome of ECB and BoJ’s latest meeting. Both the central banks decided to keep the rates unchanged coupled with no plans in sight for tapering stimulus packages/schemes to support the broader economies.

As a result, the global market ended the week with mixed performances, from a slightly positive end for the US to negative trend in European equities. Further, oil prices showed early signs to inching closer to $50 but witnessed downward pressure on Friday to slip back to $47 levels. For the regional markets, performance was in line with the global markets but the reasons were not similar as trading activity was also driven by the second quarter releases by corporates during the week.

UAE markets led the gainers as Dubai and Abu Dhabi recorded gains of 1.0% and 0.8% respectively, followed by 0.8% in Qatar after rising by 6.1% in previous week. Oman was the worst performer as it was down by 2.4% on the back of reports that the economy is continuing to face challenges in light of lower oil prices. The week ahead might continue to face the resistance seen in the last week on the back of a movement in oil prices, unless second quarter earnings positively surprise the markets.

The IMF expects Saudi’s economy to register close to zero growth in 2017 due to OPEC production cuts, uncertainty over oil prices and structural reforms undergoing to wean itself off of oil.

Advertisements

GLOBAL MARKETS ENDED THE WEEK WITH MIXED PERFORMANCES – AL MASAH CAPITAL WEEKLY REPORT

A week that was expected to remain positive witnessed downward pressure
on Friday post the outcome of ECB and BoJ’s latest meeting. Both the central
banks decided to keep the rates unchanged coupled with no plans in sight for
tapering stimulus packages/schemes to support the broader economies.
As a result, the global market ended the week with mixed performances, from a slightly positive end for the US to negative trend in European equities. Further, oil prices showed early signs to inching closer to $50 but witnessed downward pressure on Friday to slip back to $47 levels. For the regional markets, performance was in line with the global markets but the reasons were not similar as trading activity was also driven by the second quarter releases by corporates during the week.
UAE markets led the gainers as Dubai and Abu Dhabi recorded gains of 1.0%
and 0.8% respectively, followed by 0.8% in Qatar after rising by 6.1% in
previous week. Oman was the worst performer as it was down by 2.4% on the
back of reports that the economy is continuing to face challenges in light of
lower oil prices.
The week ahead might continue to face the resistance seen in the last week
on the back of a movement in oil prices, unless second quarter earnings
positively surprise the markets. The IMF expects Saudi’s economy to register
close to zero growth in 2017 due to OPEC production cuts, uncertainty over
oil prices and structural reforms undergoing to wean itself off of oil.

170731-BPW

Al Najah Education Limited

The Cayman Islands-based company with an office in Dubai is finalising its $200 million project under which it will first explore the UAE education sector by launching three to four schools, one vocational training institute and a higher degree college or university this year.

“We have plans to open schools in Abu Dhabi while the vocational training institute and the college or university will be set up in Dubai,” Shailesh Dash, Chief Executive Officer and member of the board of Al Masah Capital, told Khaleej Times in an exclusive interview.

He said the schools will have bilingual curriculum and different syllabus for British, American, Indian and Pakistani communities to serve different segments of the society while technical training centre will be set up to fill the vacuum of skilled workforce in the region.

Al Masah Capital Limited provides alternative asset management — private equity, real estate, multi-strategy and special funds, advisory, research and portfolio management services to institutional and individual investors, with a focus on the Middle-East and North Africa region.

Dash further explained that the educational set up would be expanded to other Gulf Cooperation Countries. “Oman will be the first GCC country after UAE to have our school of chain later this year,” he said adding that the programme will be extended to Saudi Arabia, Kuwait and Bahrain during next three years. “Saudi Arabia is a big market in the region and we can’t ignore this in our expansion plan for education and healthcare sectors

Egypt- Best performance week for Oil since beginning of 2017 : Al Masah Capital Weekly Report

Provincial markets saw sideways, go bound exchanging action over the past week, which can be essentially ascribed to summer get-aways and concerns with respect to the geopolitical scene. The week by week execution for local markets did nonetheless move towards gainers, with six out of the eight records finished the week decidedly while just two were in the negative region.

Dubai and Abu Dhabi lists both finished the week up by 0.9% and 0.3% separately, while Saudi and #Egypt were both around 1.2% and 0.8% individually over a similar period. Oil was the star of the week, with week by week increases surpassing 9%, recording the best execution week for the ware since the start of 2017 what’s more, breaking the 50 stamp to achieve 52.52 for each barrel on Friday.

On the central side, the profit season is still on, with financial specialists sitting tight for huge tops outcomes to be out soon—Emaar and SABIC being over theist. The Arab coalition is to meet today in Manama to additionally examine the geopolitical circumstance in the area also, if any arrangement is to be achieved, it ought to affect all the eight primary provincial files and put a conclusion to the mid year doldrums.

Al Masah Capital is one of the quickest developing option resource administration and admonitory firms concentrated on the MENA and SEA locales. Set up in 2010, Al Masah Capital gives tailoured answers for an expansive financial specialist base, offering private value admonitory (crosswise over medicinal services, training, F and B, coordinations, and other customer driven divisions), resource administration, corporate and land counseling, and in addition open statistical surveying administrations.

With operations in Dubai, Abu Dhabi and Singapore, Al Masah prompts qualifying financial specialists on development openings in 13 center markets in MENA and South East Asia.

Almasah Capital: Oil remains the principle driver of the region’s business sectors

After the resumption of discuss the solidifying of creation, oil costs influenced the general execution of the business sectors of the locale straightforwardly finished the previous week, and finished all pointers in the Green Zone. With the profit period of the past period, oil costs remain the fundamental driver of the business sectors in the momentum time frame, as per Almasah Capital, a consultancy and option resource administration.1491212747_Shailesh Dash, Founder, Al Masah Capital at the Annual Investor Forum_1

Qatar’s record rose 6%, the best entertainer among its associates, trailed by Egypt and Dubai, up 5.9% each, trailed by the Saudi market with an ascent of 5.7%, while the Abu Dhabi showcase stayed in a similar range.

The report included that the effect of oil on the Gulf advertises as far as business exercises will proceed, with oil costs above $ 47 a barrel, which will be a decent impetus for the execution of the district’s business sectors in the coming time frame.

As to the Egyptian market, Almasah Capital brought up that the IMF credit will help keep up idealism and trust in the market in the coming time frame, which will prompt opening the hunger of financial specialists towards more buys.

About Al Masah Capital:

Al Masah Capital is one of the quickest developing option resource administration and admonitory firms concentrated on the MENA and SEA locales. Set up in 2010 Al Masah Capital gives custom fitted answers for an expansive speculator base, offering private value admonitory (crosswise over Healthcare, Education, Food and Beverages, Logistics and other buyer driven parts), resource administration, corporate and land counseling and additionally open statistical surveying administrations.

With operations in Dubai, Abu Dhabi and Singapore, Al Masah exhorts qualifying financial specialists on development openings in 13 center markets in MENA and South East Asia.

The MENA region is at a pivotal point in its economic progression

The MENA region is at a pivotal point in its economic progression, making it ripe for investment across a number of sectors….

Dhow Harbour, Abu Dhabi, United Arab Emirates. The UAE – with other Middle East and North Africa (MENA) region countries – has been performing well economically

With various markets still at incipient stages, quick development can be seen over the Middle East and North Africa in various ventures. All things considered, the area has begun drawing in the consideration of worldwide financial specialists from around the world. The developing capability of different nations is upgraded promote by a major legislative push to broaden their particular economies and put intensely in foundation. Having perceived the region’s huge open doors, some key players in speculation and resource administration are quickly developing their systems and degree, catching expanding outside venture en route. One such gathering that is presently sending swells over the lake is Al Masah Capital.

A main speculation administration organization in the MENA district, Al Masah Capital gives a scope of option and custom fitted answers for resource administration, private value, land consultancy and statistical surveying. By represent considerable authority in training, medicinal services and sustenance and refreshments, the organization can offer its customers an abundance of skill, which has empowered it to develop quickly in the space and exceed a hefty portion of its associates. Having an ethos of steady improvement, the firm is presently broadening its concentration into the vitality and coordinations markets, which is opening up new entryways and businesses for both Al Masah Capital and its accomplices.

Almasa Capital Weekly Report: United Arab Emirates markets will be trading sideways in the coming period

Four out of eight local markets shut in the most recent seven day stretch of June, and the rest saw thin exchanging volumes as financial specialists were latent because of Eid occasion. With the finish of the long stretch of Ramadan and Eid occasion, speculators will come back to generally higher volume volumes on the foundation of macroeconomic news of nations combined with potential updates of particular stocks.

As per Almash Capital specialists, the positive effect of the Saudi capital market posting on MSCI and the conceivable advancement on a large portion of the recorded stocks will keep on being upheld by higher oil costs above $ 48 a barrel a week ago subsequent to hitting a low of $ 44.71 a barrel before Eid occasion.

Egypt ascended before the week’s over on the back of past declarations about raising fuel and petroleum gas costs by over 40% as a stage in its endeavors to get an IMF advance that was concurred ahead of time and will positively affect the economy in the long haul. With respect to Qatar, the endeavors of past nearby financial specialists to help the Qatari market have not seen positive outcomes. The market will stay under weight until the point when the current geopolitical strains are settled. The DSM20 record shut the principal half of 2017 down 13.5%.

As per the Almasah Capital report, the UAE markets will exchange the not so distant future as there is no macroeconomic and microeconomic news to move the records after the conceivable posting of the arm. In the primary portion of 2017, Kuwait remained the best entertainer among its territorial companions, ascending by + 17.7%, trailed by Egypt by + 8.5%, Bahrain by + 7.3% and Saudi Arabia + 3.0%. Qatar was the most noticeably bad entertainer in the primary portion of 2017, around – 13.5%, trailed by Oman by – 11.5%, trailed by Dubai by – 3.9% and Abu Dhabi by – 2.7%.