First Abu Dhabi Bank Launches Its Global Investment Outlook 2018

Press release
Published February 13th, 2018 - 10:16 GMT
According to the report, FAB is expecting world growth forecasts to be revised upwards, to 4.0% for 2018, led initially by the developed nations.
According to the report, FAB is expecting world growth forecasts to be revised upwards, to 4.0% for 2018, led initially by the developed nations.

First Abu Dhabi Bank (FAB), the UAE’s largest bank, and one of the world’s largest and safest financial institutions, has published its inaugural Global Investment Outlook report for 2018, ‘Going from Strength to Strength.’ The report examines the current global economic and investment environment, with contributions from experts across FAB.

According to the report, FAB is expecting world growth forecasts to be revised upwards, to 4.0% for 2018, led initially by the developed nations. The ‘normalization’ of interest rates should continue to be US-led, with Fed funds probably going to 3% by early 2020 (i.e. approximately 1% above inflation). That rate target should not hurt equities, the asset class which the bank favours for 2018. The team is anticipating higher equity price volatility, and for technology stocks to outperform over the year as a whole.  

The FAB investment team expects earnings estimate revisions to generally be very positive during the year, helping to moderate many valuations. Their largest proportionate overweight position remains Asia-Pacific (ex-Japan) equities. The team is recommending underweighting Developed Market Government bonds, anticipating three US Federal Reserve rate hikes in 2018, and at least two in 2019. In terms of foreign exchange markets, the bank is expecting US interest rate increases to lead to some firmness in the dollar relative to other major currencies. In crude oil, the price of Brent should be capped at around $70/barrel in 2018, with $50 the expected low.

Alain Marckus, Head of Investment Strategy, Products & Services – Wealth and Private Banking, said: “New all-time highs in the major equity indices, led by the US, is what we have been positioned for, and this is the backbone of our ‘risk-on’ call, driven by world growth, which we firmly expect to be revised upwards during the year, and reforms in the US, China, and the Eurozone. We are particularly bullish about the Asia-Pacific region, and in no way share the conventional view that China will fail in its economic transformation. In terms of equity sectors, we reiterate our enthusiasm for technology stocks, although with higher volatility expected. Fundamentally, our enthusiasm is undiminished in this very important sector – underpinned by the numerous growth opportunities and excellent free cashflow at major companies.”

FAB’s Global Investment Outlook 2018 can be viewed and downloaded here.

Background Information

First Abu Dhabi Bank

FAB, the UAE’s largest bank and one of the world’s largest and safest institutions, offers an extensive range of tailor-made solutions, and products and services, to provide a customised experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.

توقيف 41 شخصا في مظاهرات الجزائر

Published February 23rd, 2019 - 09:07 GMT
توقيف 41 شخصا في مظاهرات الجزائر
توقيف 41 شخصا في مظاهرات الجزائر

أعلنت المديرية العامة للأمن الوطني (الشرطة) الجزائرية، مساء الجمعة، توقيف 41 شخصا في مظاهرات شهدتها عدة مدن ضد ترشح الرئيس عبد العزيز بوتفليقة لولاية خامسة في انتخابات 18 أبريل/ نيسان القادم.

وأكدت إدارة الشرطة في بيان اطلعت عليه وكالة الاناضول أن عمليات التوقيف كانت بسبب “الإخلال بالنظام العام والاعتداء على القوة العامة وتحطيم الممتلكات” دون تقديم تفاصيل أكثر حول أماكن توقيف هؤلاء المتظاهرين.

والجمعة، استجاب آلاف المواطنين بعدة محافظات جزائرية، إلى دعوات للتظاهر تم تداولها عبر شبكات التواصل، ضد ترشح بوتفليقة (81 عاما) لولاية خامسة في انتخابات الرئاسة المقررة في 18 أبريل/ نيسان القادم.

واتسمت هذه المظاهرات بالسلمية في أغلب مناطق البلاد باستثناء حدوث مواجهات بين قوات مكافحة الشغب ومتظاهرين بوسط العاصمة خلال محاولتهم السير نحو القصر الرئاسي .

ووفق شهود عيان لجأت قوات الأمن إلى الغاز المسيل للدموع وتوقيف عدة أشخاص بعد تحذيرات للمتظاهرين وتعرضها للرشق بمقذوفات وحجارة قبل أن يتراجع المحتجون ويغادروا المكان.

وصبيحة اليوم نشر ناشطون معلومات عبر شبكات التواصل الاجتماعي حول توقيف عدد من زملائهم قبل بداية المظاهرات بالعاصمة.

وعلقت الرابطة الجزائرية للدفاع عن حقوق الإنسان (مستقلة) على بيان الشرطة بالمطالبة ب”الإفراج الفوري عن الموقوفين وان يتم احترام حق التظاهر سلميا” كما نشرت على صفحتها بموقع “فيسبوك”.


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