Showing 9 of 73
  • UAE Flag
    SECTOR NOTE
    29 Sep 2025
    Telecom

    MENA Equity Research - Telecom Sector 3Q25 - Preview Note

    The UAE’s telecom sector is strengthening its 5G network capabilities while expanding revenue streams through innovative product offerings and entry into new technology domains. At the same time, telecom operators are broadening their international footprint to capture new growth opportunities and b...

  • Saudi Flag
    SECTOR NOTE
    23 Sep 2025
    Banks

    Saudi Equity Research - Banking Sector 3Q25 - Preview Note

    We maintain our MARKET WEIGHT rating on the Saudi banking sector. Saudi banks are anticipated to issue Tier-2 USD bonds to meet rising capital and funding needs, especially as interest rates fall and liquidity remains tight.

  • UAE Flag
    SECTOR NOTE
    04 Sep 2025
    Sector Note

    UAE Equity Research - Decoding Interest Rate Cuts and Sectoral Implications - Sector Note

    The recent interest rate cuts in the UAE, in line with the US Federal Reserve, are expected to have broad implications across the economy. Lower borrowing costs will stimulate credit growth, improve consumer affordability, and support corporate investment. However, they may also compress banking mar...

  • UAE Flag
    SECTOR NOTE
    11 Jul 2025
    Energy

    UAE Equity Research - Energy Sector 2Q25 - Preview Note

    ADNOC Distribution stands out as our preferred pick over ADNOC Drilling, ADNOC Gas, and Dana Gas, backed by its strong operational execution, diversified revenue streams, and scalable growth strategy.

  • UAE Flag
    SECTOR NOTE
    07 Jul 2025
    Consumer Staples

    UAE Equity Research - Consumer Staples Sector 2Q25 - Preview Note

    We maintain a positive stance on Agthia and Americana Restaurants over LuLu Retail within the consumer staples sector. Agthia continued to face macroeconomic challenges, including currency devaluation in Egypt, operational disruptions in the dates segment, and the impact of last year’s one-off wheat...

  • UAE Flag
    SECTOR NOTE
    03 Jul 2025
    Transportation

    UAE Equity Research - Transportation Sector 2Q25 - Preview Note

    We maintain a positive outlook on the UAE's transportation sector, with a favourable stance on DTC and a continued recommendation to stay invested in Aramex, both are well-positioned to capitalize on the sector’s strong growth momentum supported by a surge in tourism and favourable macroeconomic con...

  • UAE Flag
    SECTOR NOTE
    26 Jun 2025
    Banks

    UAE Equity Research - Banking Sector 2Q25 - Preview Note

    We maintain our MARKET WEIGHT rating on the UAE banking sector. Net advances in the UAE banking sector recorded 1.4% QOQ growth in 1Q25, owing to increased lending across private corporate and retail sectors, partially offset by a decline across government and public sector GREs.

  • UAE Flag
    SECTOR NOTE
    25 Jun 2025
    Properties

    UAE Equity Research - Real Estate Sector 2Q25 - Preview Note

    The UAE’s economy grew 4.0% in 2024 compared to 2023, primarily due to a strong growth in the non-oil sector, which recorded an increase of 5.0% in 2024. The contribution of non-oil stood at 75.5% in 2024, and the oil sector contributed the remaining. The Central Bank of UAE expects the economy to g...

  • UAE Flag
    SECTOR NOTE
    20 Jun 2025
    Telecom

    MENA Equity Research - Telecom Sector 2Q25 - Preview Note

    The UAE’s telecom industry is undergoing a dynamic transformation, marked by strategic partnerships and a sharp focus on digital innovation. Operators are embracing technologies such as 5G private networks and Industry 4.0 solutions to drive efficiency and enhance services across sectors. At the...

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