The forum has a daily
news update with a summary of news items relevant to the UAE stockmarkets
and links to more information.
Reuters seem to cover more UAE stocks than Bloomberg or Thomson
Financial (2 other international financial news
and data providers), but even so, they usually only cover the
larger listed companies in the UAE.
WAM is the UAE news service, anything worthwhile
from them will appear in one of the daily newspapers (usually before
it appears on the WAM website), but they don't often seem to have
stock related news.
Gulf News, and Khaleej Times are
UAE newspapers with business sections. Most content is sourced from
press releases, WAM, Reuters, or Bloomberg. Sometimes interesting
articles from the Financial
Times, or The Economist are reprinted
(but not so relevant to the UAE stockmarkets). Occasionally some
Emirates Business 24-7 is a dedicated
UAE business newspaper that replaced the general newspaper Emirates
Today, in December
AMEinfo, www.ameinfo.com - You'll usually find a
press release here before anywhere else. Very little original content.
Company data is useful, but difficult to find and not very up to
Arabian Business, www.arabianbusiness.com also publishes press
releases but not quite as many, and sometimes releases stale news
as current. Arabian Business do have some good original content though,
and they publish a weekly business magazine which is useful.
MoneyWorks, www.getyourmoneyworking.com, a personal finance print
magazine, focused on UAE but covering the Gulf region. Website has a
few interesting articles but not much up to the minute news or analysis.
A good place to start if you're an investment beginner. Their online
trading link takes you to some forms and information about Wall Street
Global LLC, who will set up an account for you to trade US securities.
Nothing to do with UAE or GCC securities.
Zawya, www.zawya.com - company news and information. Is a repository
of news, research and analysis from other companies (some of which are
free) rather than anything original. User subscription not cheap at US$1895
per year as of March 2006 (although it does include some EIU access).
Most annoyingly, they charge an extra 2.50% for online
transactions! Having said that, if you do get subscriber access, the
well laid out company news pages have a more comprehensive list of news,
research and analysis than you'd find elsewhere. Zawya has useful market
statistics available without signup.
Most other local or regional online news providers such as albawaba.com,
menafn.com, bi-me.com, Maktoob, etc, simply aggregate news and press
releases from other sources and republish them without any original content
(but with extra ads to slow down page loading - ameinfo.com and gulfnews.com
seem to be about the fastest).
Resources for stock analysis and research
The Dubai stock forum sometimes
has topics about research reports, and maybe links to where they can
be downloaded. Also the company
information pages on sharewadi.com have
links to summary reports after quarterly results.
This list is not comprehensive, many brokers and investment banks produce
reports for their clients. But these are the more well-known sources.
EFG-Hermes - Egyptian based broker and investment
bank. Has brokerage in the UAE, provides useful research reports
to their brokerage customers. Their website doesn't have much useful
stuff. A zawya.com subscription (expensive) will also get you access
to EFG reports, or check the Dubai
stocks forum for topics about research (or try an EFG
reports search of the forum
with the Google - add a ticker to the search box to narrow it down).
Goldman Sachs have produced reports for their clients
which the media sometimes write articles about. Reports do not appear
to be publicly accessible, although there is a list of covered stocks
and price targets at www2.goldmansachs.com
Gulf Capital Group produce occasional equity research
reports, along with useful weekly and monthly reports on world stock
markets, as well as Dubai, Abu Dhabi, Kuwait, Saudi Arabia, and Qatar.
They also release comprehensive reports focusing on a different market
each quarter. Reports are accessible from their website at www.gulfcapitalgroup.com
HC Securities - occasionally produce useful reports,
sometimes available on their website at www.hc-si.com
HSBC Middle East produce reports for their clients,
and despite what their boss said in a radio interview, there is not
apparently any public access to them. However, sign up to their press
release mailing list and they sometimes send out reports. Reports
are comprehensive and good reading, although their target prices for
individual stocks seem to be more optimistic than other sources.
Morgan Stanley -
Prime Securities - UAE stock broker that publishes occasional useful
stock research reports.
Shuaa Capital, www.shuaacapital.com - (SHUAA).
UAE based investment bank that provides research reports on listed
companies and daily news updates. Their research appears to be good but
appearances can be deceptive - one report on Emaar Properties (EMAAR)
in 2005 had some basic accounting errors which probably resulted
in a 10-20% error (overly optimistic) in their fair value calculation.
When contacted, their response was that it wasn't significant. No charges
for daily email updates or access to their company research reports,
but you need to register with them first. Or check the UAE
The National Investor (TNI) - an Abu Dhabi organisation
which provides comprehensive research reports on some
individual stocks, and also sector analysis. Access them at www.tni.ae.
Zawya, www.zawya.com - collects research reports from other providers
but it costs you to access them (more information above in the news sources section).
Disclaimer: ShareWadi.com and DubaiShareTalk.com provide UAE stockmarket related information, but do not offer investment advisory services, or brokerage services. Investing in shares is risky, you can lose some or all of your money and/or other assets. Anything you read on this site should be regarded as the opinion of the author only and is not to be taken as advice to buy, sell, or hold shares and/or other investments. Do not make investment decisions without due diligence and/or professional advice. In particular, do not assume anything you read on this site is correct or accurate. You should make your own investigations to determine if information is accurate and ultimately, you should accept that you and you alone are responsible for any investing decisions you make.