We expect volatility, but as the economic outlook is not what keeps us up at night, we remain constructive for the quarters ahead
global economy
crude oil price
Oil continues higher as the Fed tries to soothe markets
The Fed was more hawkish than anticipated at its June meeting, but officials want to make sure that market participants are not expecting the world’s most important central bank to hike rates prematurely
GCC economic growth
Roll on 2021: After the crisis comes opportunity
A combination of promising vaccines, reinvigorated globalisation and accelerated digitisation are positive signals for a revitalised global business, says Hamza Farooqui
2021 Predictions
Why we shouldn’t be fooled if the Gulf sees its strongest ever growth in 2021
Expert economic forecaster says headline figures for next year’s growth will be ‘misleading’ after the ‘wreckage’ of 2020
Coronavirus Pandemic
Video: Sabic CEO on G-20 recommendations, global economy, coronavirus
Yousef Al-Benyan, vice chairman and chief executive officer at Saudi Basic Industries Corp. AB and chairman at B20, discusses the global economy, his recommendations to the G-20 and the impact of coronavirus on the economy.
2020 forecast
Video: Life and the economy will not be normalised soon, OECD chief says
OECD Secretary General Angel Gurria outlines the global economic impact of the coronavirus crisis.
business outlook
Video: Will China rescue the world economy?
Here’s why China’s indebtedness means it is probably both unwilling and unable to launch a stimulus package like it did in 2009 after the financial crisis.
coronavirus
Video: Coronavirus knocked $1.1 trillion off global economy
Coronavirus COVID-19 is forecast to knock $1.1 trillion off the global economy, but analysts claim the fast-spreading, deadly virus could also be a wake-up call for countries which are too heavily reliant on China.
business confidence
Video: The impact of a phase one US-China trade deal on the global economy
Growing optimism over a phase one US-China trade deal has boosted market sentiment.
Economic activity
Video: Is the world economy sliding into first recession since 2009?
Pau Morilla-Giner, chief investment officer at London and Capital Group, and Brunello Rosa, chief executive officer and head of research at Rosa & Roubini Associates, discuss the outlook for the global economy and monetary policy.
Abqaiq
War with Iran would bring down global economy, says Saudi Crown Prince
Prince Mohammed said he’s in favour of US President Donald Trump and Iranian President Hassan Rouhani holding face-to-face talks
consumer behaviour
Opinion: Fed interest rate cut and expected rate adjustments moving forward
Federal Reserve didn’t surrender to White House pressure
CBRE
Foreign investment in US commercial property drops almost 50%
United Arab Emirates and Bahrain were among the biggest foreign investors, with about $1 billion each
consumer spending
Market alert: A busy week ahead as investors await central banks moves
Geopolitics remains a critical factor in investors decisions, writes Hussein Sayed, Chief Strategist Gulf & MENA for FXTM
Abu Dhabi
Oil nations to do ‘whatever necessary’ to balance market, says UAE minister
UAE energy minister Suheil al-Mazrouei warned that with the US-China trade row hanging over the world economy, additional output cuts may not be the best way to boost sagging prices
Chinese goods
New wave of Trump tariffs on Chinese goods to impact US consumers
15% US duty hit consumer goods ranging from footwear and apparel to home textiles and certain technology products like the Apple Watch
global economy
UAE gold prices continue to hit record highs on back of US-China trade war
Market uncertainty strengthening gold’s position as safe haven