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National Bank of Kuwait - 29 November, 2016

Oil prices closed lower in October as markets grew more skeptical about the likelihood of OPEC’s potential output cut in November. Brent fell 1.5% during October to close at $ 48.3/bbl.

Iraq’s call for exemption from any OPEC output cut adds to the challenges OPEC faces as it attempts to rein in rising supply.

Market optimism is also tempered by rebounding US, Nigerian and Libyan supply, but falling OECD crude stocks are a positive in the unwinding of the supply glut.
 
NBK Report on oil markets
Source : National Bank of Kuwait  
Date : 2016-11-29
Oil prices closed lower in October as markets grew more skeptical about the likelihood of OPEC’s potential output cut in November. Brent fell 1.5% during October to close at $48.3/bbl....
GCC Markets Performance - July 2016
Source : Global Investment House  
Date : 2016-08-30
GCC markets ended on a mixed note in July on strong global cues and mixed earnings amid a decline in crude oil prices. The QE (7.3%MoM) was the top gainer...
GCC Banking Sector Quarterly - 2Q16
Source : Global Investment House  
Date : 2016-08-30
Net earnings of GCC banks under our coverage expanded 0.6%YoY to USD5.8bn in 2Q16, wherein earnings for all countries, except UAE, rose on YoY basis. Net profit of banks in...
GCC Markets Performance - June 2016
Source : Global Investment House  
Date : 2016-07-19
GCC markets ended on a mixed note in June on weak global cues and Brexit, which hurt market sentiment worldwide amid a flattish oil price scenario. The KSE (-0.7%MoM) was...
Brexit in the GCC Context…
Source : Global Investment House  
Date : 2016-06-28
A prolonged period of lower interest rates is beneficial to the GCC countries We expect the Brexit and consequent events to push the US Fed to take a much more...
GCC Banking Sector Quarterly - 1Q16
Source : Global Investment House  
Date : 2016-06-15
Net earnings of GCC banks under our coverage dropped 0.7%YoY to USD5.6bn in 1Q16. Net profit of banks in Kuwait declined the most (-10.1%YoY), followed by the UAE (-7.7%YoY). However,...
GCC Markets Performance - May 2016
Source : Global Investment House  
Date : 2016-06-06
GCC markets closed broadly lower in May on heavy profit-taking after the earnings season, although a rebound in oil prices in the last week of the month partially offset the...
GCC Markets Performance - April 2016
Source : Global Investment House  
Date : 2016-05-12
GCC markets closed mixed in April due to diverse corporate results and volatile oil prices. A rebound in oil prices boosted investor sentiment; Saudi Arabia's landmark Vision 2030 added to...
Saudi Vision 2030
Source : Global Investment House  
Date : 2016-04-27
Saudi announces its 2030 vision with a plan to raise USD100bn via Aramco 5% stake sale Focus is to reduce oil dependency of the country and become sustainable without it by...
GCC Markets Performance - March 2016
Source : Global Investment House  
Date : 2016-04-05
GCC markets closed broadly higher in March despite a series of rating downgrades and reviews from leading credit rating agencies. Market sentiment was poor during the month; markets remained unstable...
GCC Banking Quarterly - 4Q15
Source : Global Investment House  
Date : 2016-03-31
Net earnings of GCC banks under our coverage increased 4.7%YoY to USD5.3bn in 4Q15. Net profit of banks in the UAE increased the most (11.8%YoY), followed by KSA (3.7%YoY) and...
GCC Markets Performance - February 2016
Source : Global Investment House  
Date : 2016-03-10
GCC markets closed broadly higher in February, as OPEC's decision to maintain oil production boosted market sentiment at the end of the month....
GCC Markets Performance - January 2016
Source : Global Investment House  
Date : 2016-02-04
GCC markets closed lower in January due to a plunge in oil prices mid-month due to oversupply concerns after sanctions on Iran were lifted. Markets recovered partially due to the...
Saudi Budget 1437/1438 (2016)
Source : Global Investment House  
Date : 2016-01-11
In line with the trend of the previous year, Saudi forecasted a deficit of SAR326.2bn with projected revenue of SAR513.8bn and expenditure of SAR840.0bn. The 2016 budget, the first since...
Qatar Budget - 2016
Source : Global Investment House  
Date : 2016-01-11
On December 16, 2015, Qatar announced the state budget for fiscal 2016, which is based on the Qatar National Development Strategy 2011-16. The budget is aimed ...
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