Impact of Hawkish Fed on MENA Markets

The video discusses the impact of US Federal Reserve policies on emerging markets, particularly in the GCC region. It highlights the negative real interest rates and the need for rate hikes. The discussion extends to the social and political risks posed by the commodity boom, especially in poorer countries like Egypt. The video also covers investment flows into the GCC due to global tensions, particularly the closure of Russian markets. Finally, it examines the Dewa IPO and its implications for market sentiment and liquidity.

What is the general impact of the US Federal Reserve hiking interest rates sooner and more than expected on emerging markets?

• It is beneficial for emerging markets.

• It has no impact on emerging markets.

• It is generally not good for emerging markets.

• It stabilizes emerging markets.

Which countries are highlighted as facing social and political risks due to the commodity boom?

• USA and Canada

• Saudi Arabia and UAE

• Egypt, Iraq, Jordan, and Morocco

• China and India

What is the main reason for the potential increase in investment flow into the GCC region?

• Decrease in oil prices

• Closure of Russian markets

• Increase in US interest rates

• Political stability in the GCC

Which markets are considered the cheapest in the GCC region based on trading price book versus history?

• Saudi Arabia and UAE

• Iraq and Morocco

• Oman and Qatar

• Egypt and Jordan

What is the expected dividend yield from Dewa over the next five years?

• 6%

• 5%

• 3%

• 4%

What is a significant sign of liquidity and appetite for new issues in the region according to the Dewa IPO?

• Low subscription rate

• Pricing at the lower end of the range

• Heavily oversubscribed beyond anchor investors

• Lack of investor interest

What is a potential concern regarding the valuation of Dewa as a utility?

• It is priced at 15 times trailing EBITDA.

• It is priced at 5 times trailing EBITDA.

• It is priced at 10 times trailing EBITDA.

• It is priced at 20 times trailing EBITDA.