Goldman's Soussa: Dubai Growth Lifted by Tourism

The video discusses the resilience of Dubai's economy post-COVID, highlighting the UAE's successful vaccine rollout and the potential for steady growth. It also explores Dubai's growth prospects in a post-COVID world, emphasizing regionalization of supply chains and competition with Saudi Arabia for foreign investment. The focus then shifts to Egypt's bond market, noting its high nominal interest rates and the impact of external factors on its sustainability. Finally, the video examines inflation trends in Egypt, considering factors like energy prices, currency strength, and administered prices.

What is considered the main factor contributing to Dubai's economic resilience during the COVID-19 pandemic?

• Increased foreign investment

• Tourism boom

• Successful vaccine rollout

• High oil prices

What is a key theme for Dubai's economic growth in a post-COVID world?

• Increased reliance on tourism

• Regionalization of supply chains

• Focus on traditional industries

• Reduction in foreign investments

Which country is seen as a competitor to Dubai in attracting foreign investment in the region?

• Oman

• Qatar

• Bahrain

• Saudi Arabia

What drives the performance of Egypt's bond market?

• High nominal interest rates

• Appreciation in bond value

• Foreign currency reserves

• Decrease in yields

What is a major concern for investors regarding Egypt's bond market?

• Political instability

• Low interest rates

• Currency depreciation

• High inflation rates

How has Egypt managed to keep inflationary pressures low compared to other emerging markets?

• Increased food exports

• High import tariffs

• Administered fuel prices

• Dependence on Russian gas

What is the expected peak inflation rate in Egypt by February?

• 5%

• 7%

• 10%

• 12%