Claure, Lee & Mnuchin on Growth in a Complex Economy
Marcelo Claure, Co-Chairman & Partner, Brightstar Capital Partners & CEO & Founder, Claure Group; Jenny Lee, Senior Managing Partner, Granite Asia; and Steven T. Mnuchin, Founder & Managing Partner, Liberty Strategic Capital & Former Secretary, US Department of the Treasury discuss strategies for pursuing growth in a complex global economy with Bloomberg's Erik Schatzker at the 2025 Qatar Economic Forum, Powered by Bloomberg. (Source: Bloomberg)
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Yahoo
28 minutes ago
- Yahoo
Middle Eastern Dividend Stocks To Watch In 2023
The Middle Eastern stock markets have shown resilience, with most Gulf bourses ending higher despite geopolitical tensions involving U.S. strikes on Iran, as investors seem to have already factored in potential conflicts and are focusing on regional economic stability supported by robust oil flows and sovereign wealth funds. In this environment, dividend stocks can be appealing for income-focused investors seeking stable returns amidst market volatility, as they often represent companies with strong cash flows and solid financial foundations. Name Dividend Yield Dividend Rating Turkiye Garanti Bankasi (IBSE:GARAN) 3.81% ★★★★★☆ Saudi National Bank (SASE:1180) 5.93% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 6.40% ★★★★★☆ Riyad Bank (SASE:1010) 6.68% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 7.56% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 4.73% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 8.06% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 5.97% ★★★★★☆ Arab National Bank (SASE:1080) 6.31% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 7.94% ★★★★★☆ Click here to see the full list of 75 stocks from our Top Middle Eastern Dividend Stocks screener. Underneath we present a selection of stocks filtered out by our screen. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Gulf Medical Projects Company (PJSC) operates hospitals in the United Arab Emirates and has a market cap of AED1.45 billion. Operations: Gulf Medical Projects Company (PJSC) generates revenue from segments including Investments, contributing AED37.79 million, and Health Services & Others, which accounts for AED690.34 million. Dividend Yield: 7.2% Gulf Medical Projects Company (PJSC) offers a dividend yield of 7.21%, placing it in the top 25% of dividend payers in the AE market. However, its dividends are not well covered by earnings, with a high payout ratio of 125.5%, and have been unreliable over the past decade due to volatility and lack of growth consistency. Despite recent earnings growth, dividends remain inadequately supported by earnings, though they are covered by cash flows with a reasonable cash payout ratio of 73.1%. Navigate through the intricacies of Gulf Medical Projects Company (PJSC) with our comprehensive dividend report here. The valuation report we've compiled suggests that Gulf Medical Projects Company (PJSC)'s current price could be quite moderate. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Fourth Milling Company operates in the Kingdom of Saudi Arabia, focusing on the production, packaging, and sale of flour and its byproducts, animal feed, and bran products with a market cap of SAR1.89 billion. Operations: The company's revenue is primarily derived from its Food Processing segment, which generated SAR633.61 million. Dividend Yield: 6.2% Fourth Milling Company offers a dividend yield in the top 25% of Saudi Arabian payers, supported by a sustainable payout ratio of 67.9%, and cash flow coverage at 49.9%. Recent earnings growth and strategic investments, like the SAR 265 million expansion in Al-Kharj city, signal potential for future revenue increases. The company recently appointed KPMG as auditors ensuring financial transparency but has limited dividend history to assess long-term reliability or growth trends. Dive into the specifics of Fourth Milling here with our thorough dividend report. Our comprehensive valuation report raises the possibility that Fourth Milling is priced lower than what may be justified by its financials. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Mizrahi Tefahot Bank Ltd., along with its subsidiaries, offers a variety of international, commercial, domestic, and personal banking services to individuals and businesses both in Israel and abroad, with a market cap of ₪55 billion. Operations: Mizrahi Tefahot Bank Ltd. generates revenue through its diverse range of banking services, catering to both individual and business clients within Israel and on an international scale. Dividend Yield: 4% Mizrahi Tefahot Bank's dividends are well covered by earnings, with a current payout ratio of 40% and forecasted to remain sustainable at 45.6% in three years. Despite a dividend yield of 3.98%, which is below the top tier in Israel, the bank's recent earnings growth of 13.7% supports its payout capacity. However, past dividend payments have been volatile and unreliable over the last decade, raising concerns about long-term consistency for investors seeking stable income streams. Click to explore a detailed breakdown of our findings in Mizrahi Tefahot Bank's dividend report. Insights from our recent valuation report point to the potential overvaluation of Mizrahi Tefahot Bank shares in the market. Navigate through the entire inventory of 75 Top Middle Eastern Dividend Stocks here. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ADX:GMPC SASE:2286 and TASE:MZTF. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
36 minutes ago
- Yahoo
Singapore Airlines cancels Dubai flights amid rising Middle East conflict; Iran's next move – missiles, Hormuz or nuclear brinkmanship?: Singapore live news
Singapore Airlines (SIA) has suspended flights to and from Dubai after US strikes on Iran triggered fresh security concerns. The cancellations come after a security assessment of escalating regional risks. More SIA flights could be impacted as the situation evolves. FlightRadar24 shows airlines steering clear of airspace over Iran, Iraq, Syria, and Israel, taking longer – and more expensive – routes around the conflict zone. The move mirrors similar decisions by British Airways, Air France, and US carriers, which are bracing for fuel hikes and volatile conditions. With oil prices rising and tensions unresolved, airlines worldwide are entering turbulence – both literally and financially. More on the flight chaos that hit SIA and other airlines here. Iran is standing at a crossroads after US airstrikes targeted its key nuclear sites in coordination with Israel. With threats flying and missiles already launched toward Israel, Tehran is reportedly weighing a wide range of retaliatory options – from closing the vital Strait of Hormuz to activating regional proxies like the Houthis. The stakes are high as oil markets, US troops, and Middle East stability all hang in the balance. Iran's next move could redraw the regional order. More on how Iran could respond to the bombings of its nuclear facilities here. Read more in our live blog below, including the latest local and international news and updates. Iran is calculating its next move after US and Israeli forces bombed key nuclear facilities, an escalation that shattered years of strategic ambiguity. Now, Tehran is openly weighing options – from missile salvos to shutting down the Strait of Hormuz, a critical artery for global oil – after saying diplomacy is no longer an option while issuing a warning of "everlasting consequence". Tensions have surged across the region. Parliament in Tehran has voted to consider sealing the Strait, which handles nearly 20 per cent of the world's oil supply. While experts warn this could backfire economically, even the threat has rattled markets and drawn warnings from Washington. Military retaliation is also on the table. Iran's arsenal of ballistic missiles and drones could target US bases in the Gulf, while its proxy allies – like Yemen's Houthis and militias in Iraq – stand ready to strike with plausible deniability. The recent launch of Iran's "Khaybar" missile underscores its offensive capability. Beyond direct attacks, Iran may also pull the nuclear card. Analysts fear Tehran could abandon the Nuclear Nonproliferation Treaty and fast-track uranium enrichment, a scenario that echoes North Korea's nuclear pivot in the 2000s. What comes next could reshape not just the Middle East, but energy markets and global security architecture. Tehran holds powerful cards – whether it plays them depends on how far the US is willing to go. Read on how Iran may respond to the attacks on its key nuclear sites here. With just over six months to go, more than 70 per cent of Singaporeans eligible for the one-off $500 SkillsFuture credit top-up still haven't used it. Issued in 2020 to encourage upskilling during the pandemic, the credit expires on 31 December 2025 – with no plans for extension. Despite rising demand for courses in AI, cybersecurity, and digital marketing, only 28 per cent have tapped into the credit. That leaves roughly 1.8 million Singaporeans at risk of missing out on free career development funds. SkillsFuture Singapore (SSG) is now intensifying its outreach – rolling out reminder emails, promoting its Careers and Skills Passport, and offering free advisory services. But with the deadline fast approaching, the agency says the onus is on individuals to act. Notably, Singaporeans aged 40 and above now receive an additional $4,000 mid-career credit, but this is separate from the $500 top-up at risk of expiry. To qualify, courses must begin and be claimed by the end of 2025. Read on the expiring SkillsFuture credit here. Singapore Airlines (SIA) has suspended multiple flights to and from Dubai following a security reassessment tied to rising conflict in the Middle East. This move comes after US military strikes on Iranian nuclear sites prompted carriers globally to steer clear of Iranian, Iraqi, and Syrian airspace. As war risk zones expand, major airlines – including British Airways, Air France, and United Airlines – are also cancelling Gulf-bound flights or diverting around the region, despite increased costs and extended flight times. Flight tracking data shows large portions of regional airspace remain eerily empty. For Singapore Airlines, the route disruption is significant. Since the closure of Russian skies, Middle East corridors became vital to link Asia with Europe. Now, that lifeline is under threat again. SIA warns that further cancellations are possible as the geopolitical situation remains fluid. Global air safety groups have flagged heightened risks for US and allied carriers, citing potential retaliatory action from Iran or its proxies. Even as Israel reopens its skies temporarily for rescue operations, the outlook for commercial aviation remains uncertain. Passengers are urged to check their flight statuses. With airspace tightening and oil prices ticking up, the skies over the Middle East just got a lot more turbulent – for airlines and travellers alike. Read on how the Middle East chaos grounded key global flights here. Iran is calculating its next move after US and Israeli forces bombed key nuclear facilities, an escalation that shattered years of strategic ambiguity. Now, Tehran is openly weighing options – from missile salvos to shutting down the Strait of Hormuz, a critical artery for global oil – after saying diplomacy is no longer an option while issuing a warning of "everlasting consequence". Tensions have surged across the region. Parliament in Tehran has voted to consider sealing the Strait, which handles nearly 20 per cent of the world's oil supply. While experts warn this could backfire economically, even the threat has rattled markets and drawn warnings from Washington. Military retaliation is also on the table. Iran's arsenal of ballistic missiles and drones could target US bases in the Gulf, while its proxy allies – like Yemen's Houthis and militias in Iraq – stand ready to strike with plausible deniability. The recent launch of Iran's "Khaybar" missile underscores its offensive capability. Beyond direct attacks, Iran may also pull the nuclear card. Analysts fear Tehran could abandon the Nuclear Nonproliferation Treaty and fast-track uranium enrichment, a scenario that echoes North Korea's nuclear pivot in the 2000s. What comes next could reshape not just the Middle East, but energy markets and global security architecture. Tehran holds powerful cards – whether it plays them depends on how far the US is willing to go. Read on how Iran may respond to the attacks on its key nuclear sites here. With just over six months to go, more than 70 per cent of Singaporeans eligible for the one-off $500 SkillsFuture credit top-up still haven't used it. Issued in 2020 to encourage upskilling during the pandemic, the credit expires on 31 December 2025 – with no plans for extension. Despite rising demand for courses in AI, cybersecurity, and digital marketing, only 28 per cent have tapped into the credit. That leaves roughly 1.8 million Singaporeans at risk of missing out on free career development funds. SkillsFuture Singapore (SSG) is now intensifying its outreach – rolling out reminder emails, promoting its Careers and Skills Passport, and offering free advisory services. But with the deadline fast approaching, the agency says the onus is on individuals to act. Notably, Singaporeans aged 40 and above now receive an additional $4,000 mid-career credit, but this is separate from the $500 top-up at risk of expiry. To qualify, courses must begin and be claimed by the end of 2025. Read on the expiring SkillsFuture credit here. Singapore Airlines (SIA) has suspended multiple flights to and from Dubai following a security reassessment tied to rising conflict in the Middle East. This move comes after US military strikes on Iranian nuclear sites prompted carriers globally to steer clear of Iranian, Iraqi, and Syrian airspace. As war risk zones expand, major airlines – including British Airways, Air France, and United Airlines – are also cancelling Gulf-bound flights or diverting around the region, despite increased costs and extended flight times. Flight tracking data shows large portions of regional airspace remain eerily empty. For Singapore Airlines, the route disruption is significant. Since the closure of Russian skies, Middle East corridors became vital to link Asia with Europe. Now, that lifeline is under threat again. SIA warns that further cancellations are possible as the geopolitical situation remains fluid. Global air safety groups have flagged heightened risks for US and allied carriers, citing potential retaliatory action from Iran or its proxies. Even as Israel reopens its skies temporarily for rescue operations, the outlook for commercial aviation remains uncertain. Passengers are urged to check their flight statuses. With airspace tightening and oil prices ticking up, the skies over the Middle East just got a lot more turbulent – for airlines and travellers alike. Read on how the Middle East chaos grounded key global flights here.
Yahoo
37 minutes ago
- Yahoo
Oil prices spike after US strikes on Iran
Oil prices surged and Asian markets traded lower on Monday on concerns of disruption to energy markets after US air strikes on Iran's nuclear facilities. The dollar strengthened as traders assessed the weekend's events, with Iran threatening US bases in the Middle East as fears grow of an escalating conflict in the volatile region. Iran is the world's ninth-biggest oil-producing country, with output of about 3.3 million barrels per day. It exports just under half of that amount and keeps the rest for domestic consumption. If Tehran decides to retaliate, observers say one of its options would be to seek to close the strategic Strait of Hormuz -- which carries one-fifth of global oil output. When trading opened on Monday, Brent and the main US crude contract WTI both jumped more than four percent to hit their highest price since January. They pared these gains however and later in the morning Brent was up 2.1 percent at $75.43 per barrel and WTI was 2.1 percent higher at $78.64. Economists at MUFG warned of "high uncertainty of the outcomes and duration of this war", publishing a "scenario analysis" of an oil price increase of $10 per barrel. "An oil price shock would create a real negative impact on most Asian economies" as many are big net energy importers, they wrote, reflecting the market's downbeat mood. Tokyo's key Nikkei index was down 0.6 percent at the break, with Hong Kong losing 0.4 percent and Shanghai flat. Seoul fell 0.7 percent and Sydney was 0.8 percent lower. - 'Extreme route' - The dollar's value rose against other currencies but analysts questioned to what extent this would hold out. "If the increase proves to be just a knee-jerk reaction to what is perceived as short-lived US involvement in the Middle-East conflict, the dollar's downward path is likely to resume," said Sebastian Boyd, markets live blog strategist at Bloomberg. US Defense Secretary Pete Hegseth said Sunday that the strikes had "devastated the Iranian nuclear programme", though some officials cautioned that the extent of the damage was unclear. It comes after Israel launched a bombing campaign against Iran earlier this month. Chris Weston at Pepperstone said Iran would be able to inflict economic damage on the world without taking the "extreme route" of trying to close the Strait of Hormuz. "By planting enough belief that they could disrupt this key logistical channel, maritime costs could rise to the point that it would have a significant impact on the supply of crude and gas," he wrote. At the same time, "while Trump's primary focus will be on the Middle East, headlines on trade negotiations could soon start to roll in and market anxieties could feasibly build". - Key figures at around 0230 GMT - Brent North Sea Crude: UP 2.1 percent at $75.43 per barrel West Texas Intermediate: UP 2.1 percent at $78.64 per barrel Tokyo - Nikkei 225: DOWN 0.6 percent at 38,175.63 (break) Hong Kong - Hang Seng Index: DOWN 0.4 percent at 23,426.02 Shanghai - Composite: FLAT at 3,360.97 Euro/dollar: DOWN at $1.1505 from $1.1516 on Friday Pound/dollar: DOWN at $1.3434 from $1.3444 Dollar/yen: UP at 146.46 yen from 146.13 yen Euro/pound: DOWN at 85.63 pence from 85.66 pence New York - Dow: UP 0.1 percent at 42,206.82 (close) London - FTSE 100: DOWN 0.2 percent at 8,774.65 (close) jug-kaf/pst Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
