Geopolitics drive oil, again

Date: Nov 2018

New MENA Monthly

"Geopolitics drive oil, again"

  • Spending cuts in Bahrain could slow economic growth and proposals to cut subsidies have faced stiff opposition from some MPs, as well as members of the Al-Wefaq opposition in parliament.
  • Newly imposed US sanctions on Iran are heating things up domestically for President Hassan Rouhani and his ministers. Oil exports are expected to take a hit.
  • The recent suicide bombing in Tunisia should not cause a major dent in tourism this year, but such security concerns coupled with political tensions ahead of next year's elections may slow tourist numbers in the new year.
  • Chinese companies forged closer ties with Saudi Arabia during the “Davos in the Desert” Future Investment Initiative in Riyadh with deals signed worth USD 4B.

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Dr. Florence Eid-Oakden's Interview with CNN

from FII 2018

Our Chief Economist & CEO, Dr. Florence Eid-Oakden shares her views with CNN at the Future Investment Summit in Riyadh.

“Investor memory is all about risk and reward, and if Saudi Arabia is able to present the risks vs. the rewards in a way that is favourable to investors, then investors will resume looking at the Kingdom”.

“Mr. Erdogan is a fine politician who will certainly leverage what’s going on now to Turkey’s benefit, and there are many advantages to be obtained for Turkey from what is happening now. One advantage is good for everyone, which is more rapprochement between these two large economies – Turkey and Saudi Arabia”.

Watch the full interview

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