Credit Suisse's Iqbal on OPEC Plan to Boost Supply

The video discusses the oil market's outlook for 2022, highlighting production constraints and price targets. It examines the UAE's economic growth, driven by oil and public spending, while noting potential challenges. The video also evaluates Egypt's economic prospects, focusing on tourism, currency valuation, and equity market performance.

What is one reason the full amount of oil is unlikely to hit the markets?

• Production constraints in some OPEC nations

• New environmental regulations

• Increased demand from non-OPEC countries

• A global decrease in oil consumption

What is the short-term oil price target mentioned in the transcript?

• $70

• $83

• $100

• $90

Which sector is expected to be the bulwark of UAE's GDP growth?

• Tourism

• Technology

• Oil

• Manufacturing

What is the expected growth rate for UAE's oil GDP compared to last year?

• 2% vs 1%

• 5% vs 2%

• 3% vs 1%

• 4% vs 2%

What is a concern for Egypt's economic recovery?

• Overvalued currency

• High inflation rates

• Lack of skilled labor

• Decreasing foreign investments

What factor is limiting the recovery of Egypt's tourism sector?

• Limited air travel recovery

• Lack of tourist attractions

• Political instability

• High travel costs

What is the expected impact of a modest currency depreciation in Egypt?

• Decrease in tourism

• Increase in inflation

• Reduction in exports

• Boost in equity market performance