Demand for Lebanese Eurobonds improved throughout the 2-week festive season, illustrated by the BLOM Bond Index (BBI) increasing by 025% to end the year at 104.11 points. Furthermore, the Lebanese Eurobond ... read more
The economic outlook of MENA countries remained gloomy during the third quarter of 2015 due to low oil prices and intensifying conflicts in many parts of the region. Economies of oil-exporting countries ... read more
With most of MENA countries fainting under the strains of terrorism and violence, the frail levels of oil prices remained a double-edged sword during the second quarter of 2015. While oil-exporting ... read more
At the onset of 2015, movements in international oil prices remained at the center of the economic developments in gulf countries while politics and the security situation took center stage in ... read more
Sinking to their lowest levels in 5 years, oil prices were the main turbine of global economies during the last quarter of 2014; either they were importers or exporters of the commodity. In the Arab World, ... read more
We maintain our HOLD rating on Yamama with a higher target price of SAR 63.18 per share on positive reform in the Saudi equity market. Yamama’s shares price tracked the uptrend in the Saudi stock market, ... read more
The gap further widened between oil importers and oil exporters in the Middle East during the third quarter of 2013. The formers’ economies suffered from political turbulences with deteriorating resources ... read more
We maintain our ACCUMULATE rating on Yamama, raising our target price from SAR 57.74 to SAR 62.59 after it was reached in November. This only presents a 4.8% premium over its current closing price of SAR ... read more
We maintain an ACCUMULATE rating on Yamama, raising its target price to SAR 57.74 from SAR 51.20 previously, after it was reached during June 2013 and continues to rally. Our overweight rating is further ... read more
We maintain an ACCUMULATE rating on Yamama, the Saudi cement producer, with a fair value of SAR 51.2 per share, presenting an upside of 11.8% over the recent closing price of SAR 45.8. With record earnings ... read more
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