Research Analysts Economics Jean-Michel Saliba MENA Economist MLI (UK) +44 20 7995 8568 [email protected] MENA & FM equity Hootan Yazhari, CFA >> Research Analyst Merrill Lynch (DIFC) +971 4 4258218 [email protected] Healthcare Jamie Clark, CFA >> Research Analyst MLI (UK) +44 20 7995 1300 [email protected] Chemicals & Mining Faisal AlAzmeh, CFA >> Research Analyst Merrill Lynch KSA Company +966 11 299 3741 [email protected] Real Estate & Consumer Abdelrali El Jattari >> Research Analyst Merrill Lynch (DIFC) +971 4 4258231 [email protected] Credit Research Ali Dhaloomal Research Analyst MLI (UK) +44 20 7996 9107 [email protected] Commodities Francisco Blanch Commodity & Deriv Strategist MLPF&S +1 646 855 6212 [email protected] Peter Helles Commodity Strategist MLI (UK) +44 20 7996 8154 [email protected] Aerospace, Defence & Satellite Services Celine Fornaro >> Research Analyst MLI (UK) +44 20 7996 5515 [email protected] Benjamin Heelan >> Research Analyst MLI (UK) +44 20 7996 5723 [email protected] Energy Anton Fedotov >> Research Analyst Merrill Lynch (Russia) +7 495 662 6079 [email protected] Trading ideas and investment strategies discussed herein may give rise to significant risk and are not suitable for all investors. Investors should have experience in FX markets and the financial resources to absorb any losses arising from applying these ideas or strategies. >> Employed by anon-US affiliate of MLPF&S and is not registered/qualified as a research analyst under the FINRA rules. Refer to "Other Important Disclosures" for information on certain BofA Merrill Lynch entities that take responsibility for this report in particular jurisdictions. 86 GEMs Paper #26 | 30 June 2016 OS merrill Lynch HOUSE_OVERSIGHT_016196