Insights

The common market sentiment prevailing these days is that we are moving from a period of ultra-low interest rates towards higher rates – which many would refer to as a process of normalisation.

Market Analysis: Tightening US Dollar Liquidity in Emerging Markets is Driving More Risk Differentiation in the GCC

As a response to the global financial crisis, the key central banks of the world pumped in over 14 trillion dollars of quantitative easing (‘QE’) to support the financial system and markets.

Market Analysis: Challenging year ahead for global sukuk market

After a strong year in 2017, the global sukuk market experienced a significant drop in issuance in the first half of 2018, down 15.3% to $44.2 billion compared with $52.2 billion in the first half of 2017.

Market Analysis: From Commodities to Computers

The sectoral change in emerging markets shines new light on both their cyclicality and their valuations.

Market Analysis: GCC bonds: Is the worst behind us?

Though several risks continue to lurk on the horizon, it may be time to begin looking at the GCC bonds favourably again.

Market Analysis: High oil prices do not eliminate risks to GCC Sovereign Ratings

GCC governments are set to ease up on fiscal austerity in 2018, benefiting from higher oil prices and from the measures they have taken in the past few years to restrain spending, reform subsidies and raise non-oil revenue.

Market Analysis: Pent-Up Energy

Markets have gotten headline fatigue. Perhaps, there is a point at which the noise becomes so cacophonous that it is simply easier on the ears to listen only for the signals.

Market Analysis: Why Takaful May Have a Friend in the UK

Islamic finance is now growing throughout the Middle East, Asia and Africa. It has also expanded its global footprint to the United Kingdom, Luxembourg and Hong Kong in recent years.

Market Analysis: GCC Insurance Sector Balances Growth Opportunities with Key Challenges

S&P Global Ratings expects credit conditions for rated insurance companies will broadly remain stable in 2018, despite slower top line growth and lower profitability.

Market Analysis: Why higher oil prices may pose a challenge to GCC

The US dollar has been a topic of detailed discussion at Neuberger Berman.

Market Analysis: Upcoming US dollar strength could be short-lived

But greenback likely on a downward trend, according to Neuberger Berman, a US private, independent, employee-owned investment management firm.

Capital Market experts gathered for the second GCMA Oman Debt Capital Markets Conference

• Sukuk is critical support to economic diversification
• Speakers expressed confidence in market appetite for new issuers and structures

GCMA holds 3rd Kuwait Debt Capital Markets Conference with Partners KAMCO Investment Company and Dentons

• Market participants are optimistic about the potential of the KD market
• More than 100 senior executives, government officials, international and regional investors, and market participants attended the key conference

نظمته جمعية الخليج للسندات والصكوك: “كامكو” ترعى المؤتمر الثالث لسوق رأس مال الدين الكويتي

• الأطراف المشاركة في السوق تعرب عن تفاؤلها بخصوص سوق السندات المصدرة بالدينار الكويتي أثناء مؤتمر “سوق الدين الكويتي” الذي
• تفاؤل الأطراف المشاركة بخصوص إمكانيات سوق السندات المصدرة بالدينار الكويتي
• مشاركة موسعة وحضور كبيرة من قبل الأطراف المشاركة التي تخطت أكثر من 100 من كبار التنفيذيين والمسؤولين والمستثمرين الدوليين والاقليمين

GCMA Exclusive: Interview with Dr. Jihad Azour, International Monetary Fund (IMF)

Market Analysis: Lower Oil Will Drive Development of [Much Needed] Local Corporate Bond & Sukuk Capital Markets

While there are many impacts of lower oil prices, this article focuses on two and the much-needed boost they will give to the development of local debt and sukuk capital markets.

Market Analysis: Policy continuity amid changing of the guards at US Federal Reserve

Nominee Jerome Powel unlikely to rock the boat when he takes up chairman role at the Fed.

Regulators Highlight Actions to Stimulate Debt Capital Market at Gulf Bond and Sukuk Association Regional Debt Market Summit

• Aggressive funding requirement aniticipated over the next several years
• More than 200 executives, international and regional investors, government officials, and market participants from around the region attended the summit

الهيئات الرقابية تسلط الضوء على إجراءات تحفيز أسواق الدين خلال القمة الإقليمية لأسواق الدَين التي تعقدها جمعية الخليج للسندات والصكوك

توقعات بارتفاع الطلب على التمويل بشكل كبير في السنوات القليلة القادمة

انعقاد القمة بحضور أكثر من 200 مشارك من المسؤولين التنفيذيين والمستثمرين الدوليين والإقليميين والمسؤولين الحكوميين، والأطراف الفاعلة في السوق من مختلف أنحاء المنطقة

Market Analysis: Time is ripe for return of convertible bonds in GCC

Large-scale projects set scene for potentially rejuvenated investor interest in GCC convertible bond issuance.

Market Analysis: New form of risk profile can build a better portfolio

The challenge any investor faces lies in balancing the need for investment security against an optimistic outlook on returns.

Market Analysis: Pension landscape shows promise

The UAE and wider GCC’s pension landscape is, ultimately, a nascent one. Its youthfulness gives it room for improvement, but it shows a great deal of promise.

Creating a diverse bond market

In an exclusive mini roundtable, Banker Middle East speaks to Michael Grifferty, President of The GCMA, Dr. Hansjörg Herzog, Member of the Executive Committee and Roland Hotz, Senior Portfolio Manager at Fisch Asset Management.

Market Analysis: Lift-off for GCC Bonds and Sukuk

Lower hydrocarbon prices have created challenges across the region but also opportunities.

Market Analysis: Growing Potential in Green Finance

Green finance has quickly become an effective tool in the global push to develop and fund clean energy solutions.

Market Analysis: In Time, New Bankruptcy Law Will Benefit UAE Capital Markets

Consider these facts: the size of the UAE capital markets is about US$327 billion.

Market Analysis: GCC Bonds Attract More Takers

Beginning with bonds issued by Bahrain in 1995, GCC capital markets have come a long

The Gulf Capital Market Association (GCMA) Announces Key Appointments at its Annual Gala Dinner

The Gulf Capital Market Association (GCMA) Launches Oman Working Group in cooperation with BankDhofar

The Gulf Capital Market Association and Association of Corporate Treasurers sign Memorandum of Understanding

The Gulf Capital Market Association (GCMA) Highlights Debt Capital Market Opportunities at Oman Conference

GCMA Highlights Importance of Government Issuance Techniques in 2016

Recommended Best Practices for GCC Government Issuance

KAMCO and GCMA Debt Capital Market Conference

Government bonds can galvanize Gulf markets (Arabian Business)

Bonds are viable funding alternative for GCC family businesses

GCMA Discusses Role Of Fixed Income Market at World Green Economy Summit

GCMA Highlights Debt Capital Market Opportunities for Private Sector

GCMA Talks Debt Markets with Visiting US Treasury Delegation

The grass is always greener? Environmental Sukuk take the stage

GCMA has endorsed new Collective Action Clause language for Middle East sovereign bond contracts.

“Green Sukuk – The Race to be First” “First published in Islamic Finance news (IFN) Issue 44, dated 5th November 2014.”

GCMA Talks Green Finance at Dubai Breakfast Seminar

GCMA Interview, Muscat Daily

Arab Banker Magazine: GCC Debt Capital Markets, Issuance volumes surge while markets deepen

GCMA Talks Sukuk with African Finance Leaders

GCMA Announces Launch of Chapter in Saudi Arabia

Marmore interview with GCMA

GCMA Announces New Appointments and National Chapters

GCMA Talks Islamic Finance with EBRD

Summary of the Gulf Cooperation Council Local Currency Markets

Green sukuks to drive finance for climate change investment projects

Funds Global MENA “Urgently Wanted: Asset Managers”

Architecture for Debt IR

GCMA Investor Relations Release

GCMA Announces Key Appointments

GCMA Applauds FNC Passage of Debt Legislation

GCMA and Thomson Reuters Sign Memorandum of Understanding

GCMA Completes Survey on Bond and Sukuk Investor Relations

GCMA celebrates first six months with Abu Dhabi event

GCMA and EMTA, Trade Association for the Emerging Markets Sign MoU

GCMA Round Table with Malaysia International Islamic Financial Centre

GCMA and Middle East Investor Relations Society Sign MoU

MoneyWorks – “Why a Regional Market for Bonds will be a Winner”

The Banker Middle East – “Quality by Association”

GCMA President interview on CNBC Arabia

The Gulf Capital Market Association Launches Steering Committee

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