Arqaam Capital's Hussain: We Like Bahrain Over Oman and Egypt Now

The video discusses the recent market reactions to the Fed meeting, highlighting interest rate volatility and the flattening of the yield curve. It explores the impact of oil prices on inflation and regional spreads, questioning the transitory nature of inflation. The discussion includes investment strategies, focusing on Bahrain over Oman and Egypt due to valuations. It concludes with insights into corporate fixed income opportunities in the UAE and Saudi Arabia as the local economy recovers.

What was the initial market reaction to the last Federal Reserve meeting?

• A steepening of the yield curve

• A flattening of the yield curve

• An increase in interest rates

• A decrease in stock prices

What is the main concern regarding oil prices discussed in the transcript?

• The effect of oil prices on renewable energy adoption

• The impact of oil prices on global warming

• The role of oil prices in geopolitical tensions

• Whether the high prices are transitory or permanent

How are regional spreads reacting to current oil prices?

• They remain unchanged

• They are tightening compared to previous levels

• They are widening significantly

• They are fluctuating unpredictably

What is the general market sentiment about inflation expectations in the Gulf?

• Inflation is not a concern in the Gulf

• There is an overpricing of inflation expectations

• There is an underpricing of inflation expectations

• Inflation expectations are considered transitory

What is the main reason for focusing on Bahrain over Oman and Egypt?

• Higher oil production

• Stronger currency

• Better tourism prospects

• More favorable valuations

Which corporate fixed income plays are highlighted as promising in the UAE?

• Real estate companies

• Technology firms

• Construction companies

• Retail chains

What is the expected impact of the UAE's economic recovery on corporate fixed income?

• It will lead to a decline in corporate bonds

• It will enhance the value of certain corporate bonds

• It will have no impact

• It will cause volatility in corporate bonds