Iqbal: Still Bullish UAE, Qatar & Egypt

The video discusses the impact of inflation on the Egyptian pound (EGP) and the potential for devaluation. It examines the attractiveness of Egyptian government bonds amidst currency risks and compares the economic impact of inflation in the Middle East to other regions. The video also analyzes the recent rally in energy prices and its effects on Gulf markets, concluding with a forecast for Brent crude prices considering geopolitical factors.

What is the central bank's current strategy regarding the EGP?

• Peg it to the USD

• Immediate devaluation

• Maintain a managed float

• Allow it to float freely

Why might the Egyptian government avoid devaluing the EGP in the near term?

• To attract foreign investment

• To stabilize the stock market

• To increase exports

• To avoid imported inflation

What is the main concern for investors regarding Egyptian government bonds?

• Low interest rates

• Uncertainty around exchange rates

• High inflation rates

• Political instability

How has inflation in the Middle East compared to the rest of the world?

• It has been non-existent

• It has been more gradual

• It has been the same

• It has been more rapid

What factor contributes to the gradual inflation in the Middle East?

• High weight on rent in the inflation basket

• Low oil prices

• Strong currency pegs

• High interest rates

What recent market trend has been observed in the Gulf region?

• A decline in real estate prices

• A rally in energy prices

• A rise in unemployment rates

• A decrease in stock market activity

What is the outlook for Brent crude prices this year?

• Likely to remain above $100

• Likely to fluctuate between $60 and $80

• Expected to drop below $50

• Expected to stabilize at $75