Some of the big themes likely to dominate: • The U.S. Federal Reserve is almost certain to hike interest rates for the fourth time this year • Sterling is set for its biggest weekly drop in seven weeks after a tumultous week in British politics • MSCI's emerging currency index is down 25 percent from its January highs
The United States could find ways to fix tensions with China and North Korea, while Iran could take a wait-and-see approach until the 2020 U.S. presidential elections, the founder of US-based political risks group Eurasia told delegates at the Arab Strategy Forum on Wednesday.
Speaking at the event in Dubai, Eurasia Group founder and president, Ian Bremmer said: “When I look at 2019, you specifically asked me to talk about 2019, I don’t feel that bad.”
The outlook for the corporate sector in the Gulf Cooperation Council (GCC) region remains stable next year, but the spectre of a global slowdown is likely to put pressure on cash flow next years, according to a new report by the Fitch Ratings agency.
Fitch observed an increase in the awarding of major sovereign projects to non-government-related entities (GREs), which it described as “a key driver for sovereign investment in the region”.
The number of new schools coming into the market means education provision in Dubai is now at a 'tipping point', according to property consultancy firm Knight Frank, with private sector providers being forced to adopt aggressive marketing campaigns or offer tuition fee discounts to fill desks.
A report published by the firm on Monday states that 13 new schools are due to open during the current academic year, which will bring the total to 207.
The total value of assets of private investment funds in Saudi Arabia increased by 8.66 percent in the third quarter of this year in comparison to the earlier quarter, data from Saudi Capital Market Authority (CMA) has shown.
Assets held in private funds stood at 165.6 bln Saudi riyals, up from 152.4 billion Saudi riyals in the previous quarter.
Leaders from all six Gulf Cooperation Council (GCC) states are set to hold their 39th annual meeting on Sunday, despite ongoing tensions between Qatar and host country Saudi Arabia.
The important gathering, which usually features the heads of state of the six GCC nations, is taking place 18 months into an economic boycott of Qatar by Saudi Arabia, the United Arab Emirates (UAE), Egypt and Bahrain.