Monday 26 February 2018

Dubai to Doha: A Guide to the Mideast Bank Stocks Tipped to Gain - Bloomberg

Dubai to Doha: A Guide to the Mideast Bank Stocks Tipped to Gain - Bloomberg:

"Expectations of higher margins on lending, cross-border deals and potential inclusion in global equity benchmarks are some of the reasons banks are rising to the top of the list for Middle East stock investors and analysts. Even in Qatar, where banks have been battered by liquidity concerns during by the eight-month-long spat with neighbors, some lenders are seen as trading at attractive levels. Their peers in Egypt, meanwhile, stand to benefit from credit expansion as an easing cycle in monetary policy gets underway. “Banks is where we go,” Mohammed Ali Yasin, chief executive officer of FAB Securities LLC, the brokerage arm of the United Arab Emirates’ biggest bank, told Bloomberg Television when asked how he’d put money to work right now. “With the increase in interest rates, and oil prices where they are, they are going to have a lot of ammunition in terms of deposits to lend to the market.”"



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