In The News



“The rises we’ve seen are more to do with the price of oil and what happened in international markets on Monday.” said Muhammad Shabbir to The National

June 7, 2016

The National  Oil and shares rise as Fed holds off rate hike June 7, 2016 Strong oil prices and the prospect of a later-than-expected rise in US interest rates lifted stock markets across the Arabian Gulf yesterday. Janet Yellen, the chairman of the Federal Reserve, was positive on the US economic outlook in a speech on Monday, but gave ...
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Rasmala Announces AGM

May 27, 2016

Notice of Annual General Meeting 2016 NOTICE IS HEREBY GIVEN THAT the 2016 Annual General Meeting of Rasmala plc (the “Company”) will be held at Milton Gate, 60 Chiswell Street, London EC1Y 4SA, United Kingdom on 20 June 2016 at 12 p.m. Click  to download PDF
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Rasmala acquires AbbVie office building in the UK

May 16, 2016

 Rasmala acquires property in Berkshire,  for GBP24.5 million The Group expects to acquire additional assets in 2016  London and Dubai, 16 May 2016: Rasmala (‘Rasmala’ or ‘the Group’), the independent investment management group, today announced that it has acquired Abbvie House, a 55,958 sq. ft. grade A office building located in Vanwall Business Park, Berkshire, UK, for ...
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Saudi stocks lead regional gains after vision plan announcement – “The vision plan is a good start and investors were cheering on that. There was heavy buying in more or less all sectors but mainly banks, and real estate,” said Mohammad Shabbir to Gulf News

April 28, 2016

Gulf News Saudi stocks lead regional gains after vision plan announcement April 25, 2016 Buying was seen in all sectors from banking to real estate stocks Siddesh Suresh Mayenkar Saudi’s Tadawul index reversed from morning lows, jumping more than 2.5 per cent with heavy buying witnessed in banking and real estate stocks after the government announced its vision plan for ...
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Rasmala Announces Full Year 2015 Results

April 27, 2016

PRESS RELEASE   Strong performance of Rasmala flagship funds Expansion of real estate investment and advisory capabilities Completion of Group rebrand to Rasmala   London and Dubai, 27 April 2016: Rasmala plc (‘Rasmala’ or ‘the Group’), the independent investment management group, today announced its financial results for the year ended 31 December 2015. The Group is listed on the AIM market of ...
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Saudi Stocks Jump as Prince Says Vision Won’t Need High Spending – “Overall it’s encouraging that they’re ahead of the market, taking action and announcing its plan to the general public,” said Muhammad Shabbir to Bloomberg

April 26, 2016

Bloomberg Saudi Stocks Jump as Prince Says Vision Won’t Need High Spending Dana El Baltaji DEBaltaji April 25, 2016  Saudi Arabia Prepares for a Post-Oil Economy Kingdom pledges to press ahead with infrastructure projects Saudi Arabian stocks surged the most in seven weeks on relief that the nation’s plan to prepare for a post-oil era won’t depend on excessive government spending. The Tadawul ...
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UAE equities rally seen stifled by weak Q1 earnings – “I don’t think the rebound is sustainable and people are enjoying the party as long as it lasts,” said Muhammad Shabbir to Gulf News

April 20, 2016

Gulf News UAE equities rally seen stifled by weak Q1 earnings April 19, 2016 Siddesh Suresh Mayenkar Dubai index ended more than 1 per cent on Tuesday buoyed by rallying oil prices Dubai: The Dubai benchmark index extended gains on Tuesday post-stability on oil prices, even as analysts expected weaker than expected earnings from companies to put a brake on ...
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Investor sentiment in Bahrain remains buoyant – “The premium is seen as fair compensation for risk” said Doug Bitcon to Oxford Business Group

March 21, 2016

Oxford Business Group Investor sentiment in Bahrain remains buoyant 21 March, 2016 Early indicators suggest that investor sentiment in Bahrain has been largely unaffected by a recent credit rating downgrade from Standard & Poor’s (S&P). Ratings action In mid-February S&P lowered Bahrain’s rating by two rungs from “BBB-” to “BB” with a stable outlook, citing concerns over falling energy revenue ...
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UAE indices off early lows as oil recovers – “Markets started on a negative note, but the recovery in oil prices also led to some bounce back in local equities,” said Muhammad Shabbir to Gulf News

March 16, 2016

Gulf News UAE indices off early lows as oil recovers Siddesh Suresh Mayenkar March 16, 2016 Analysts see the indices in a range as traders would eye the first quarter results for direction Dubai: UAE indices were off early lows on Wednesday closely following a recovery in oil prices. The Dubai Financial Market General Index closed 0.66 per cent lower at ...
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“Islamic finance has a potential role in supporting the UAE’s efforts to diversify the economy away from oil” said Zak Hydari to Al Bayan

March 14, 2016

Al Bayan, Monday 14 March 2016 Zak Hydari, Group Chief Executive, Rasmala plc has been quoted in Al Bayan piece discussing the potential role of Islamic finance in supporting the UAE’s efforts to diversify the economy away from oil. The article says, citing Zak Hydari as a source, that over the next few years the gap between supply and demand ...
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2015

Muhammad Shabbir quoted in the National

October 26, 2015 6:02 pm

October 26, 2015 Flat earning, budget cut drags UAE bourses lower UAE markets continued their downwards trajectory following a trimmed Federal budget and flat third-quarter earnings. […]
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