The airline is improving transparency, governance and its balance sheet to be ready to go public if ADQ decides to do so
“We view telecoms as defensive,” Morgan Stanley said in a note to clients, adding that stocks in the sector had strong funding position in 2009.
The brokerage said companies in the EMEA telecoms sector offered resilient cash flow through a cut in capex and strong balance sheets with low refinancing risk.
It upgraded Turkcell to “overweight” from “equal weight” saying the company had a strong balance sheet and the lowest risk screening.
In the region, Morgan Stanley said
Morgan Stanley, however, noted that Mobinil might need to raise 1.3 billion Egyptian pounds in 2010 and that the funding deficit might pressurise 2009 dividends. The brokerage also acknowledged that the telecoms sector in EMEA was not immune to the global slowdown. Following are the price target changes made by Morgan Stanley on EMEA stocks.
The airline is improving transparency, governance and its balance sheet to be ready to go public if ADQ decides to do so
This strike follows the union’s recent gains with legal protections against artificial intelligence
The violations include using mobile phones while driving, and failure to wear seatbelts
Hundreds of thousands of people have been displaced since the latest round of fighting began Monday, officials said, some crossing the border to Syria to flee Israeli bombing
Dubai, Abu Dhabi, and Sharjah are among the top 10 startup ecosystems in the region
Analysts expect the rally in the yellow metal to continue in the coming months
The President reiterated that the youth of the UAE are its real wealth
The injured personnel have received the necessary medical care