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Easier US Fed policy welcomed by Gulf policymakers


By Maya Issa, Global Investment Strategy

October 10, 2019Posted InEquities, Fixed Income and Investment Strategy

  • We expect the Fed to cut rates another 25 basis points at its October meeting, and to continue its role to boost liquidity in markets
  • Lower interest rates have increased debt issuance in the Middle East
  • Sovereigns and companies in Middle East and North Africa (MENA) have raised around $85 billion in dollar and euro securities this year
  • Impact on oil markets following attacks on Saudi Arabia's oil infrastructure fades
  • Investors turn focus on macro challenges afflicting the market
  • Saudi Arabia's non-oil GDP growth showing signs of pickup in 2Q'2019
  • Potential sign the economy is moving ahead once more after the effects of austerity measures imposed following the oil price slump in 2014

Click here to read Middle East Strategy