In The News



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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Mixed fortunes on UAE bourses – “Investors have a mainly short- term perspective these days, so if they’re sitting on a bit of pro­fit they’ll tend to book it sooner rather than later,” said Muhammad Shabbir to The National

March 14, 2016

The National Mixed fortunes on UAE bourses John Everington March 14, 2016 Shares in Dubai ended the day in negative territory as investors booked profits, while a recovery in Etisalat pushed Abu Dhabi’s headline index into the green. The Dubai Financial Market General Index shed 1.4 per cent to 3,350.85, its sharpest fall in more than a week, ...
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Dubai stocks lead regional gains as risk-prone investors return

March 13, 2016

Gulf News – Dubai stocks lead regional gains as risk-prone investors return Dubai Parks and Resorts, which was the most active stock in trade, gained nearly 15 per cent, while volatility in Arabtec abates Siddesh Suresh Mayenkar, Senior Reporter March 13, 2016 Dubai: Dubai shares rose on Sunday, extending gains for another session as stabilising crude oil prices amid ...
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“Now it is about momentum trading in select stocks,” said head of equities funds at Rasmala. REUTERS: MIDEAST STOCKS-Gulf equities may gain as investor confidence grows

March 1, 2016

MIDEAST STOCKS-Gulf equities may gain as investor confidence grows Monday, 29 February 2016:  Stock markets in the Gulf may rise on Monday amid signs that oil prices may have bottomed out, with Brent crude futures rising 1.2 percent to $35.53 a barrel in Asian trade. “Now it is about momentum trading in select stocks,” said Muhammed Shabbir, ...
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Dubai stocks extend rally to hit November high as Arabtec zooms

March 1, 2016

Gulf News Published: 19:57 February 29, 2016 Siddesh Suresh Mayenkar, Staff Reporter Dubai: The UAE stocks gained on Monday, extending its rally for another session as traders bought in specific stocks along with Arabtec. The Dubai Financial Market General index closed 1.99 per cent higher at 3,239.70, after gaining more than a per cent on Sunday. The ...
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Rasmala winner of Best Global Sukuk Fund & Outstanding Performance & Innovation for the Rasmala Trade Finance Fund by MENA Fund Manager

January 27, 2016

From left to right: Chandru Bhatia, Portfolio Manager, Rasmala. Rob Langston, Editor, MENA Fund Manager Dubai, Wednesday 27 January 2016: Rasmala has received the awards of Best Global Sukuk Fund for the Rasmala Global Sukuk Fund and Outstanding Performance & Innovation for the Rasmala Trade Finance Fund by MENA Fund Manager. The MENA Fund Manager awards recognize the ...
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Reuters – MIDEAST STOCKS-Region hit by global sell-off, Saudi-Iran tensions

January 4, 2016

Saudi stocks sold off in last hour of trade Savola slides because of exposure to Iran FX forwards, CDS show foreign investor jitters UAE could lose out on post-sanctions Iran boom Egypt erases previous day’s gains “The broad market sell-off is part of the general weakness in global equity markets,” says Rasmala’s head of equity funds. Reuters – MIDEAST STOCKS-Region ...
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Global Capital – Middle East supply surge to hit spreads in 2016

January 4, 2016

The credit and liquidity pressure stemming from the drop in oil prices is the key concern for bankers, analysts and buyers for the year ahead. “The impact of rising US interest rates is not what keeps us awake at night as these are expected to be gradual,” says Rasmala’s head of fixed income funds and ...
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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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