30 June, 2021

هل نحن بصدد دورة فائقة جديدة؟

Richard Dunbar

أثار الأداء الاقتصادي خلال الأشهر القليلة الماضية الاهتمام بمتابعة حالة الأسعار في الأسواق، ليذكرنا بحقيقة أن بعض مخططات الأسعار التي اعتدنا رؤيتها في مناطق معينة من السوق، من أسفل اليسار إلى أعلى اليمين"، ليست بالضرورة مؤشرات على الأسعار المستقبلية.

فسوق صناعة الأخشاب في الولايات المتحدة (الخشب المنشور- Lumber ) مثلا، والتي عانت اختناقات العرض مع انفتاح الاقتصاد، والقلق من النقص والمضاربة الحتمية التي تعقب ذلك، إلى مكاسب في الأسعار حتى أبريل، لكن هذه المكاسب لم تكن انعكاسا حقيقيا لحالة سوق الإسكان في الولايات المتحدة. فقد اعتبرت المضاربة على الخشب خيارًا أقل جاذبية (على الأقل بالنسبة للمستثمرين الذين يكسبون المال من ارتفاع الأسعار)، والآن أسعاره أقل بحوالي 40٪ عن ذروتها في مايو.

الدورة الفائقة للسلع

صرنا نشهد تداول مصطلح "الدورة الفائقة للسلع" على نحو متزايد مؤخرا، سيما في مجال السلع الأساسية، حيث يواصل قطاع السلع الأساسية الأوسع ارتفاعه بشكل مستمر مدفوعا بالسياسات الأمريكية التحفيزية، والطلب الصيني الكبير، وطفرة التحول في الطاقة، وهي عوامل أدت مجتمعة لارتفاع الأسعار، وسيحتاج منتجو هذه السلع الأساسية وقتاً لمواكبة ارتفاع الطلب مما يدفع أسعار هذه السلع لأعلى.

وثمة عدد من الذكريات السلبية الخاصة بالدورة الفائقة للسلع، وخلال الأزمة الحالية؛ مر بعض الوقت قبل أن يؤدي الواقع الاقتصادي العام لأثر سلبي على أسعار السلع، وقبل أن يؤثر على سلوكيات الشركات الكبرى، ولكن حدث ذلك في نهاية المطاف.

وهذه المرة، نرى، في وسط الأزمة، انخفاضًا بنسبة تصل إلى 25٪ في أسعار خام الحديد، وتراجعًا بنسبة 10٪ في النحاس وفي بعض السلع الخفيفة. وتتشابه الحجج المستخدمة لشرح عمليات التراجع هذه، مع تلك المستخدمة في سياق صناعة الخشب في الولايات المتحدة، المشار لها آنفا، كإعادة الانفتاح السريع للاقتصاد العالمي في سياق اختناقات تتلاشى ببطء، مما أدى لتنظيم الأسواق بصورة أكبر.

ولكن من المثير للاهتمام أيضًا أن العرض الجديد على المعادن قد بدأ بشكل غير متوقع، فهو لم يأت عن طريق استخراج المزيد منها، ولكن من احتياطيات الصين من المعادن الأساسية، وهذا ما لم يتوقعه الكثيرون حتى قبل بضعة أسابيع.

بالإضافة إلى ذلك، فإن الإجراءات الحادثة الأسبوع الماضي التي قام بها الاحتياطي الفيدرالي والتي دعمت من الدولار وقوته، ذكّرت المستثمرين أيضًا بواحد من العوامل الأخرى المنسية مؤقتًا لأسعار السلع.

ومن جانب اخر؛ مر قطاع الطاقة النظيفة بشهور عصيبة، وهو القطاع الذي يضم بعضًا من أفضل وأهم الشركات التي ستساعد في تسهيل انتقالنا إلى مستقبل أكثر استدامة. وكان هذا القطاع، حتى ديسمبر الماضي، يتصف بأسعار مكافئة Parabolic. كما يظهر في الرسم البياني للسعر. ورغم أن هذه الشركات "الخضراء" على نفس القدر من الأهمية إلا أن المستثمرين أصبحوا أكثر حذراً بشأن ما هم على استعداد لدفعه فيها (قدر الحذر بحوال 30٪).

لذا ربما نكون في مرحلة من دورة السوق نُعنى فيها أساسا بتحمل مخاطر الأسهم، وسيكون هناك مزيد من التدقيق في تقييمات بعض موضوعات الاستثمار الأكثر شيوعًا.

وختاما؛ على الرغم من الجائحة وتأثيرها؛ نجح اقتصاد السوق، مدار الأشهر القليلة الماضية، وأرسلت الأسعار المرتفعة إشارة جذبت معروضًا جديدًا أو جعلت المشترين أكثر حذراً، مما أدى إلى كبح بعض تحركات الأسعار هذه.

RAD  21 يونيو 2021


 

ABU DHABI CONTINUES TO BUILD TOWARDS HOSTING FINA WORLD SWIMMING CHAMPIONSHIPS (25M) WITH THREE BIG ANNOUNCEMENTS

  


 


Youssef Al Matrooshi and Layla Al Khatib have been selected to represent the UAE in this year’s FINA World Swimming Championships (25m).

 

The official FINA World Swimming Championships (25m) mascot also revealed ahead of December’s event.

 

Several community initiatives, including a Swim Safety Programme and Open Swim sessions, will be implemented in association with the competition.

 

Kuwait-born Husain Al-Musallam, who was recently elected as the new Federation Internationale de Natation (FINA) President, highlighted the significance of Abu Dhabi hosting the event in the year of the UAE’s 50th anniversary.

 

Aref Al Awani noted that hosting the event is the result of the leadership’s support of sports and reflects the UAE’s pioneering role in the industry.

 

Sultan Al Samahi agreed that hosting the FINA World Swimming Championships (25m) is a great honour for both Abu Dhabi and the UAE.

 

Mohamed Abdullah Al Zaabi confirmed his excitement to host this global event for the first time in the capital at the iconic Etihad Arena.

 

 

Abu Dhabi (29 June 2021): The Abu Dhabi Sports Council revealed the latest developments and preparations for hosting the FINA World Swimming Championships (25m) scheduled to take place at Yas Island’s hugely impressive Etihad Arena from 16-21 December, along with the FINA World Aquatics Convention, highlighting Abu Dhabi as a global destination for major sporting events and competitions.

 

The announcement came during a press conference held at Emirates Palace, on Tuesday 29th June, which was attended by Captain Husain Al-Musallam, President of FINA, HE Aref Hamad Al Awani, Secretary General of the Abu Dhabi Sports Council, HE Sultan Al Samahi, President of the UAE Swimming Federation, and HE Mohamed Al Zaabi, Chief Executive Officer of Miral Asset Management, along with Abdulla Alwheibi, Tournament Director, and Brent Nowicki, FINA Executive Director.

 

The conference also witnessed the presence of His Excellency Issa Hilal Al-Hazami, Chairman of the Sharjah Sports Council, His Excellency Osama Al Shafar, Member of the Federal National Council and President of the Asian Cycling Federation, His Excellency Saeed Abdul Ghaffar, Secretary-General of the General Authority for Sports, His Excellency Dirar Belhoul Al Falasi, Member of the Federal National Council, Vice President of the Emirates Sports Arbitration Center, His Excellency Abdulmohsen Al-Dosari, Deputy Secretary-General of the General Sports Authority, Fahad Ali Al Shamsi,  Chief Executive Officer of the Emirates Jiu-Jitsu Federation, His Excellency Mohammed Al Zaabi, CEO of Miral Company, and Taha Al Kishry, FINA Bureau member, as well as members of the Higher Organizing Committee of the championship.

 

The event saw the announcement of the two Emirati wildcard entrants who will represent the UAE at this year’s FINA World Swimming Championships (25m), Youssef Al Matrooshi, 18, and Layla Al Khatib, 14, as the first Emirati athletes to be selected raising the challenge to face elite international swimmers.

 

The duo, who were chosen by the UAE Swimming Federation, are two of the UAE’s most promising talents, having already achieved considerable success. As well as being selected to compete in the World Championships (25m), Al Matrooshi has also been selected to represent the UAE in the 100m freestyle at the Tokyo Olympic Games, which begins in July.

 

Coinciding with this announcement, Abu Dhabi Sports Council also exclusively revealed the official event mascot for the competition – Dana the Hawksbill Turtle.

 

As strong swimmers displaying grace and power while underwater, the endangered Hawksbill Turtle, which is native to Abu Dhabi’s Saadiyat Island, is the perfect mascot for the FINA World Swimming Championships (25m).

 

The community programmes set to be implemented ahead of the event were also announced, including a Swim Safety Ambassador Programme, in which graduates can become a certified swim safety ambassador, and a Schools and Club Roadshow, which will feature appearances from Dana the Hawksbill Turtle, along with a virtual swimming activation providing an insight into the challenges faced by elite-level swimmers during championship races. There will also be activations at Yas Mall, Open Swim sessions and Olympic Watch Parties, while anybody wishing to get involved in the event can sign up to become a volunteer.

 

Originally scheduled for 2020, the FINA World Swimming Championships (25m) will feature men’s and women’s events in all four strokes - freestyle, breaststroke, backstroke, and butterfly - along with the individual medley and relays.

 

The FINA World Aquatics Convention will also be hosted on Yas Island in parallel, promising a swimming extravaganza in Abu Dhabi this December.

 

Husain Al-Musallam, newly elected FINA President, and a GCC national, said: “We have great faith and trust in Abu Dhabi’s plans for hosting the FINA World Swimming Championships (25m) later this year, and the announcement of the operational readiness, Emirati wildcard athletes and the official event mascot only adds to the sense of anticipation ahead of the event.

 

“Abu Dhabi has proved its long-term support and success in hosting major international events, and it will surely organise the FINA World Swimming Championships (25m) with success.

 

“As recently elected FINA President, I’m very much looking forward to bringing the FINA World Swimming Championships (25m) to Abu Dhabi for the first time, particularly during a year in which the country celebrates its 50th anniversary. We have very fond memories from the 2010 edition, brilliantly held in Dubai.

 

“I am sure both Youssef and Layla will undoubtedly make the UAE proud. They are a source of inspiration for all aquatic athletes in the country and in the region. Having represented my own country as a swimmer, I know the sacrifices which need to be made in order to compete at the highest level.”

 

HE Aref Hamad Al Awani, Secretary General of the Abu Dhabi Sports Council, conveyed the regards of His Highness Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Abu Dhabi Sports Council, welcoming HE Hussain Al Musallam, President of FINA in Abu Dhabi. He noted that hosting the event is a result of the support of great leadership and a mission to develop the sports sector which is reflected in economic, tourist, and community development.

 

“Hosting an international event of this stature reflects the UAE’s and Abu Dhabi’s position and pioneering role in the return of normal life to society after the challenge witnessed by the world.

 

“We thank our frontline heroes for their exceptional efforts across all sectors, including the emergency and crisis committees, doctors, nurses, and medical workers who contributed to protecting society, indicating that the government's efforts culminated in large vaccination campaigns and its distinctive plans in combating the outbreak of the new Corona virus (Covid 19), setting Abu Dhabi to become the world’s leading safe destination.

 

"We are excited to host the FINA World Swimming Championships (25m) at one of the leading venues on Yas Island, Etihad Arena, and we look forward to welcoming almost 1,000 elite short-distance swimmers from all over the world, especially as it comes after the conclusion of the Olympic Games in Tokyo, which adds more excitement to the competition in Abu Dhabi.

 

"The announcement, which combines the UAE’s wildcards, the Championship’s mascot, and the accompanying community activities, represents a significant step in the preparations for this important event.

 

“The reveal of Dana the Hawksbill Turtle, the event’s official mascot, celebrates the UAE’s rich heritage in aquatics, and represents an important step in the overall event narrative. We are confident this will be a fantastic way of engaging a young audience across the country in the lead-up to the event.

 

“We welcome all sporting delegations to take part in the FINA World Swimming Championships (25m), and the sessions during the FINA World Aquatics Convention. With its successful track record in hosting and organizing large events safely, Abu Dhabi is fully ready to welcome both events this December.”

 

Sultan Al Samahi, President of UAE Swimming Federation, added: “I would like to take this opportunity to highlight the impact of the Championships on swimming in the UAE, and the country’s reputation for staging world-class sporting events.

 

“Hosting the FINA World Swimming Championships (25m) is a great honour for both Abu Dhabi and the UAE. Not only does it provide fantastic entertainment for the watching public, but it also presents a huge opportunity to enhance the growth of swimming and sporting excellence in the country.

 

“Over the years, Abu Dhabi has successfully hosted several swimming events, including the FINA High Diving World Cup and FINA Open Water Swim World Cup. Every event we successfully stage further enhances the UAE’s reputation as the region’s hub for international sports.

 

“The standard of coaching has also improved to the extent that we now have Emirati swimmers competing in major events on the world stage, and we look forward to cheering on our own swimmers this December at Etihad Arena.

 

“The accomplishments of our swimmers are proof of the evolution of UAE swimming. We now have an opportunity to build on the momentum started 10 years ago and bring the sport to the next level. We have a duty and responsibility to build a legacy of international sporting entertainment and swimming excellence for decades to come.

 

“We are delighted to announce that Youssef and Layla will compete for the UAE at the FINA World Swimming Championships (25m).

 

“As two of the UAE’s brightest swimming talents, we have full confidence in their ability to perform to the highest possible level against some of the best short-course swimmers in the world.

 

“We look forward to watching them compete on home soil when the FINA World Swimming Championships (25m) comes to Abu Dhabi in December.”

 

Mohamed Adullah Al Zaabi, CEO, Miral Asset Management, added: “We are excited to host this global event for the first time in the capital at the iconic Etihad Arena, which will be transformed into a world-class aquatics center. We also look forward to welcoming the world’s leading athletes and their teams, including Layla and Yousef, to Yas Island this coming December.  

 

“We anticipate the FINA World Swimming Championships (25m) and the associated FINA World Aquatics Convention creating over 12,000 hotel room night bookings across Yas Island, which is integral to achieving our vision of positioning it as top global destination for entertainment, leisure and business.”

 

Dubai-based Al Matrooshi, part of the Al Wasl Swimming Team, is the current holder of multiple national and regional records including the GCC 100-metre freestyle in the 15-17 age category, which he set in Egypt back in April, breaking the record by almost one second. In addition, he smashed the 200-metre freestyle record by five seconds. Al Matrooshi was also voted Best Swimmer in the UAE for the 2020/21 season by the UAE Swimming Federation.

 

On being selected as a wildcard entrant for the Championships (25m), he said: “I’m super excited to be involved in the FINA World Swimming Championships (25m), especially because the event is taking place in my home country, with my friends and family watching on and supporting me.

 

“This is an amazing opportunity for Abu Dhabi to host the event for the first time, 10 years on from when it was held in Dubai.

 

“The Etihad Arena is a very impressive venue which has already hosted some major sporting events, such as UFC. I’m really looking forward to representing the UAE and hopefully coming away with some medals.”

 

Al Khatib, who is studying in Great Britain and represents Plymouth’s Fourth Lane Swimming Academy, was part of the UAE team at the Arab Championships in 2019, where she produced a string of brilliant performances, securing three gold medals and one silver.

 

After being chosen to compete at the FINA World Swimming Championships (25m), she said: “I’m very grateful to the UAE for this opportunity and I’m really looking forward to competing at the event and representing the country at a global competition , in its capital city. It is really special.”

 

European IPO Activity Soared by 850% YoY, Total Value of Deals Hit $55B


 



Last year was a fantastic year for IPO investors who benefited from both the number of IPOs and their outsized average returns, despite the COVID-19. The strong IPO activity continued in 2021, with initial public offerings setting a new record. However, some regions witnessed a much bigger growth than the others.


According to data presented by BuyShares.co.uk, the European IPO activity soared by 850% YoY, with the total value of deals reaching $55bn in June.


Credit Suisse No. 1 Adviser on IPOs in Europe


In 2020, the combined value of all IPO deals jumped by 64% YoY to almost $320bn, revealed the Wall Street Journal and Dealogic data. US companies raised $144.4bn through IPOs last year, a 157% increase YoY and the highest value since 2000. Asia witnessed $121.3bn worth of IPO deals, 80% more than in 2019. Last year, European companies raised $28.6bn in initial public offerings, a much modest 28% increase in a year.


Although the global IPO activity surged in the first half of 2021, statistics show that Europe witnessed much bigger growth than other main regions. US companies raised $147.6 billion in IPO deals this year, 453% more than the same period in 2020. The total value of IPO deals in the Asian market jumped by 146% YoY to $75.6bn in June. The Middle East and Africa, and Latin America also witnessed impressive growth, with the total value of their IPO deals increasing by 375% and 290% YoY, respectively.


Statistics show Credit Suisse ranked as the number one advisor on IPOs in Europe, with $15.7bn worth of deals in the six months of 2021, continuing its impressive performance after a fantastic 2020. The Swiss financial giant ended the last year as the top investment bank globally, with $21.4bn worth of IPO deals, more than Citi, JPMorgan or Morgan Stanley.


Barclays ranked as the second-largest investment bank in Europe, with $11.7bn worth of IPO deals between January and June. UBS and Deutsche Bank follow, with $9.4bn and $8.7bn, respectively.


Global IPO Activity Surged by 336% YoY, Finance Companies Lead in Total Value of Deals


The first half of 2021 has witnessed $300.9bn worth of IPO deals on the global level, 336% more than in the same period a year ago. Most of that value, or $203.5bn worth of deals, were made in Q1 2021 as the record quarter for IPO activity.


Analyzed by sectors, finance companies raised almost $116.6bn, or nearly 40% of the total value of IPO deals in 2021. The technology sector ranked second with 79bn worth of deals. Healthcare, transportation, and consumer products followed, with $29.2bn, $10.9bn, and $9.4bn, respectively. 

29 June, 2021

Al Masaood Automobiles innovates to respond to strong demand for last mile services, launches Renault Duster Cargo model



 

  • First-of-its-kind SUV model now available across Renault showrooms in Abu Dhabi & Al Ain
  • Move comes amidst car dealerships’ changing proposition to address new market needs & improve product mix post-pandemic 

 

Abu Dhabi, June 29, 2021 – As more shoppers continue to shift to e-commerce for all their needs, the growing demand for the fast delivery of their parcels is now changing the game in the world of business. Companies, especially small and medium enterprises (SMEs), are increasingly relying on last mile services to enhance the overall experience of their customers.

 

Globally, the last mile market is expected to experience an uptick to reach USD 53.4 billion by 2027, according to reportlinker.com, against the backdrop of strong e-commerce activities. The same upward trajectory is seen in the UAE market.

 

Seeing the trend in last mile logistics, many car dealerships have changed their proposition to suit current market needs and expand their product mix during the pandemic and in its aftermath. In Abu Dhabi, Al Masaood Automobiles, an icon of the UAE’s automotive market and the authorised distributor of Renault in Abu Dhabi, Al Ain and the Western region, has responded by launching its all-new customised 2022 Renault Duster Cargo SUV, the first-of-its-kind model for Renault.

 

Fredrick Vimal, General Manager, Sales-Renault, Al Masaood Automobiles, said: “The Renault Duster Cargo is our answer to the SME sector’s fast-rising requirement for the best last mile delivery solution. The last mile industry is expanding, and it will continue to grow with customers now turning to digital channels to purchase their essentials. We want to not only be part of this trend but also be a pioneer in terms of our offerings. In addition, the launch is in consonance with the UAE Government’s continuing efforts to support SMEs being the backbone of the country’s economy.”  

 

Now exclusively available across the company’s Renault showrooms in Abu Dhabi and Al Ain, the model was unveiled to boost and maximise the sales volume of the popular Duster PE 1.6L model. Boasting of four-cylinder engine automatic transmission and eco-mode and cruise control/speed limiter features, the innovative Duster Cargo is highly fuel efficient with a consumption rating of 15.9 kilometres (kms) per litre. The unit, which has a maximum boot capacity of 1,623L, also comes with Bluetooth connectivity and Electronic Stability Program, amongst other functionalities.

 

It is designed in a way that it can be utilised for both individual and company purposes, thus blurring the line between business and personal vehicles. This initiative is a unique joint project by Al Masaood Automobiles and Renault teams and the only auto transmission SUV B offered as LCV from the Renault Marque. Al Masaood Automobiles offers buyers a warranty period of three years or 100,000 kms, whichever comes first.

 

Backed by decades of global automotive experience, Al Masaood Automobiles has revamped Renault’s brand image across the Abu Dhabi and Al Ain markets by adopting a solid re-formulated and go-to-market strategy focused on locally based retail and fleet customers. Over the years, Al Masaood Automobiles has built a highly trusted reputation for its excellence in services and high rate of customer satisfaction.


DeFi Market Size Plunged by 45% in a Month to Below $48B

After an impressive growth between January and May, the market cap of the decentralized finance or DeFi market dropped down significantly in the last month and a half.

According to data presented by BlockArabia.com, the DeFi market size stood at below $48bn at the end of last week, a massive 45% plunge compared to May figures.

A Sharp Fall After Record Levels in May

Decentralized finance offers various benefits compared to traditional financial services. Most DeFi apps run on the Ethereum blockchain, and they operate without a central control service over the entire system.

Through DeFi lending, users can lend out cryptocurrency, as a traditional bank does with an official currency and earn interest as a lender. Interest rates are typically more attractive than traditional banks, while the barrier to entry to borrow is significantly lower compared to a traditional system.

In June 2020, the DeFi market size, as measured by the amount of cryptocurrency locked, stood at $1.85bn, revealed the Defipulse data. By the end of the year, this figure jumped to over $16bn. However, after an impressive growth throughout the last year, the DeFi market exploded in 2021, reaching $46bn value in February. Over the next two months, the amount of cryptocurrency locked in the DeFi market surged to $64bn, a staggering 300% increase since the beginning of the year.

In May, the DeFi market hit an all-time high, with the total amount of cryptocurrency locked surging to $87bn on May 12.

However, July brought a sharp fall, with DeFi market size plunging by nearly $40bn in a month and a half. This could have been caused by significant changes in the price of almost 100 different cryptocurrencies, which may have led to investors pulling out. Another factor was the growing transaction fees of Ethereum, the main cryptocurrency of use within DeFi.

Uniswap and Wrapped Bitcoin Increased Their Market Cap in 2021, Chainlink Down by 10% YTD

As the world's leading DeFi token, the market cap of Uniswap increased significantly this year. After peaking at $22.1bn in May, Uniswap`s market cap dropped to around $9bn last week, still a massive 310% increase since the beginning of the year.

As the second-largest DeFi token, Chainlink witnessed a different trend, with its market cap falling by 10% YTD to $7.3bn.

The market capitalization of Wrapped Bitcoin, as the third-largest DeFi token globally, grew by 50% in this period, rising from $4bn in January to $6bn last week.

Although it was never intended to have any financial value, the price of the YFI DeFi token skyrocketed to over $38,500 in January, only six months after it was listed. The CoinMarketCap data show this figure soared to more than $77,000 in May, with its market cap reaching $3.2bn last month. YFI has a limited supply of only 36,000 coins, which is why its price quickly reached that of Bitcoin.

However, after the crypto price crash in May, the market cap of the YFI token plunged to just over $1bn last week, a modest 10% increase since the beginning of the year.

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