Research

• UAE Market 
  • Al Mal Capital Equity Strategy 2009
  • Market Strategy 
• UAE Markets Morning Call
  • 07/SEP/2010
  • 06/SEP/2010
  • 05/SEP/2010
  • 02/SEP/2010
  • 01/SEP/2010 
• Real Estate sector reports
  • Emaar 2Q09 Liquidity Position Remains Tight
  • Union Properties Downgrading to Underperform
  • Emaar 2Q09 Results Exceed Expectations
  • Aldar Weak 2Q09 As Expected; Maintain Market Perform
  • Sorouh Tepid 2Q09 Results; Maintain Market Perform
  • UAE Real Estate 2Q09 Earnings Preview
  • Emaar Merger Announcement
  • Emaar Wins Major Saudi Contract
  • Emaar Liquidity Remains Tight
  • Union Properties Rating Change
  • Union Properties 1Q09 Update
  • Emaar 1Q09 Update
  • Downgrading Sorouh to Market Perform
  • Aldar 1Q09 Results
  • Emaar FY08 Results Revised
  • Emaar JLHomes Research
  • Aldar 3Q08 Results
  • Union Properties 3Q08 Results
  • Emaar 3Q08 Earnings
  • Union Properties Conference Call Notes
  • Union Properties 2Q08 Earnings
  • Emaar Conference Call Notes
  • Sorouh 2Q08 Earnings
  • Emaar 2Q08 Earnings
  • Real Estate Monthly (August 2008)
  • Real Estate Monthly (July 2008)
  • Real Estate Monthly (June 2008)
  • Real Estate Monthly (May 2008)
  • Aldar 1Q08 Results
  • Sorouh 1Q08 Results
  • Union Properties 1Q08 Results
  • Emaar 1'stQ-2008 Earnings
  • RAK Properties 1Q08 Results
  • Real Estate Quarter Preview report (April 2008)
  • Real Estate Monthly (April 2008)
  • Al Mal Capital Initiates Coverage on UAE Real Estate Sector (March 2008) 
• Banking sector reports
  • SABB Forcast Update 2010
  • NBAD 1Q 2010 Results Review
  • ADCB 1Q 2010 Results Review
  • Emirates NBD 1Q 2010 Results Review
  • FGB 1Q 2010 Results Review
  • Arab National Bank 1Q 2010 Results Review
  • Al Rajhi Bank 1Q 2010 Results Review
  • Samba 1Q 2010 Results Review
  • Riyad Bank 1Q 2010 Results Review
  • Restructuring Proposal Impact on Banks
  • NBAD 2009 Results Review
  • UNB 2009 Results Review
  • FGB 2009 Results Review
  • ADCB 2009 Results Review
  • Raising TP for FGB
  • Raising TP for NBAD
  • NBAD 3Q09 Results
  • ADCB 3Q09 Results
  • Emirates NBD 3Q09 Results
  • FGB 3Q09 Results
  • UNB 3Q09 Results
  • Samba Financial 3Q09 Results
  • Saudi British Bank 3Q09 Results Preview
  • Arab National Bank 3Q09 Results Preview
  • Monthly Review GCC Banking August 2009
  • Monthly Review GCC Banking July 2009
  • NBAD 2Q09 Results
  • Emirates NBD 2Q09 Results
  • UNB 2Q09 Results
  • ADCB 2Q09 Results
  • FGB 2Q09 Results
  • Arab National Bank 2Q09 Results
  • SABB Financial 2Q09 Results
  • Al Rajhi Bank 2Q09 Results
  • Samba Financial 2Q09 Results
  • Riyad Bank 2Q09 Results
  • UAE Banks 2Q09 Preview
  • Saudi Banks 2Q09 Preview
  • Monthly Review GCC Banking June 2009
  • Monthly Review GCC Banking May 2009
  • Monthly Review GCC Banking April 2009
  • UNB 1Q09 Results
  • Emirates NBD 1Q09 Results
  • NBAD 1Q09 Results
  • FGB 1Q09 Results 
  • ADCB 1Q09 Results
  • UAE Banks 1Q09 Preview
  • Saudi Banks 1Q09 Results Summary
  • UAE Banking Sector Update 2009
  • Government of Qatar to the Rescue-Again
  • ADCB 3Q08 Results
  • FGB 3Q08 Results 
  • Emirates NBD 3Q08 Results
  • NBAD -  3Q08 Results
  • UNB 3Q08  Results
  • UAE Banks 3Q Preview
  • NBAD -  2Q08 Results
  • Emirates NBD 2Q08 Results
  • UNB 2Q08  Results
  • ADCB 2Q08 - Preliminary Results
  • UAE Banks research initiation
  • First Gulf Bank 2Q08 – Preliminary Results  
  • Saudi Banks Research Initiation.pdf
• Telecommunication sector reports
  • Zain Q2 2010 Results Review
  • du Q2 2010 Results Review
  • STC Q2 2010 Results
  • Etisalat Q2 2010 Results Review
  • du Q2 2010 Results Preview
  • Mobily Q2 2010 Results Review
  • Etisalat Q2 2010 Results Preview
  • Zain Dividend Diversion
  • du Q1 2010 Results Review
  • STC Q1 2010 Results Review
  • Mobily Q1 2010 Results Review
  • Etisalat Q1 2010 Results Review
  • Zain 2009 Results
  • Zain Rating Review
  • du Q4 2009 Results
  • Zain The Bharti Airtel Bid
  • Etisalat Q4 2009 Results
  • STC Q4 2009 Results
  • Mobily Q4 2009 Results
  • Zain Group Rating Review 21 December 2009
  • du Rating Review
  • Zain Group Q3 2009 Results
  • du Q3 2009 Results
  • Wataniya Q3 2009 Results
  • Mobily Q3 2009 Results
  • Etisalat Q3 2009 Results
  • GCC Telecoms Sector Q3 2009 Preview
  • Zain The Indians are coming
  • Etisalat Q3 2009 Results Preview
  • Zain Acquisition Aphrodisiac
  • Wataniya Q2 2009 Results
  • du Q2 2009 Results
  • STC Q2 2009 Results
  • Zain Group Q2 2009 Results
  • Mobily Q2 2009 Results
  • Etisalat Q2 2009 Results
  • Etisalat Q2 2009 Results Preview
  • Mobily Q2  2009 Results Preview
  • STC Q2 2009 Results Preview
  • du Q2 2009 Results Preview
  • Kuwait Telecoms Sector Initiation
  • Etisalat Iranian License Loss
  • du Q1 2009 Results
  • STC Q1 2009 Results
  • Mobily Q1  2009 Results
  • Etisalat Q1 2009 Results
  • du Q1 2009 Results Preview
  • Etisalat Q1 2009 Results Preview
  • UAE Telecoms Sector Review
  • Etisalat Management Meeting Note
  • Etisalat Dividend Announcement 24 Feb 2009
  • Mobily Q4  Full Year 2008 Results
  • Saudi Telecoms Sector
  • du Q3 2008 Results
  • Etisalat Q3 2008 Results
  • Etisalat Q3 2008 Results Preview
  • du Q3 2008 Results Preview
  • du Q2 2008 Results
  • du Q2 2008 Results Preview
  • Initial Coverage of UAE Telecoms Sector 
  • Etisalat Q2 2008 Results
• Construction sector reports
  • Arabtec-Aabar Deal Loses Steam
  • Arabtec Still Cautious Maintain Market Perform
  • Arabtec 2009 Results Review
  • DSI 2009 Results Review
  • Arabtec - Reality Meets Opportunity
  • Arabtec Impact of Backlog Addition on Target Price
  • Arabtec & AABAR Deal
  • DSI Q3 2009 Earnings Review
  • Arabtec Q3 2009 Earnings Review
  • Arabtec Bags New Dubai Order-Positive Catalyst 
  • DSI Q2 2009 Review
  • DSI Q2 2009 Earnings Review
  • Arabtec Q2 2009 Review
  • DSI Q2 2009 Preview
  • Arabtec Q2 2009 Preview
  • Arabtec Saudi Long Term Positive
  • DSI Initiation
  • ARKAN 1Q 2009 Net Fails to Impress
  • Arabtec May 2009 Update
  • UCC 1Q 2009 Results
  • RAKCC 1Q 2009 Results
  • Arabtec FY08 Results
  • Arabtec 3Q 2008 Earnings
  • Arabtec Pre Earnings 3Q08
  • Coverage on Arabtec holding
  • Cement Initiation.pdf
• Retail sector reports
  • Damas Fading Lusture-In Desperate Need of Restructuring
  • Coverage on Damas International
• Energy sector reports 
  • AABAR Conference Call Recording 15-Sep-2009
  • AABAR Still a Compelling Reiterate Outperform
  • DANA 2Q09 Results
  • TAQA Maintain Outperform
  • AABAR Reiterate Outperform
  • Upgrading DANA to Outperform
  • TAQA Maintain Outperform
  • Upgrading TAQA to Outperform
  • AABAR DAIMLER
  • Initial Coverage on AABAR
  • TAQA 3Q08 Results
  • Previewing 3Q08 UAE Energy Sector Results
  • Al Mal Capital Initiation on UAE Energy Sector (August 2008) 
  • DANA 3Q08 Earnings Update.
• Consumer Staples sector reports
  • Agthia 2009 Earnings Review
  • Agthia 3Q09 Earnings Review
  • Initial Coverage on Agthia

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