Emirates NBD's Haque Sees Fed Rates Up 50 Basis Points

The video discusses the unexpected weakness of the dollar despite the Fed's tightening cycle, analyzing its impact on global markets and the Gulf region. It highlights the challenges faced by Gulf economies due to the dollar's strength, particularly in non-oil sectors. The video also covers fiscal adjustments in the Gulf, driven by a sharp drop in oil prices, and the need for diversification and increased non-oil revenues.

What is the expected action of the Fed regarding interest rates this year?

• Raise rates by at least 50 basis points

• Maintain current rates

• Decrease rates by 50 basis points

• Eliminate interest rates

How does a strong dollar affect the non-oil sectors in the Gulf region?

• Erodes competitiveness

• Boosts tourism

• Increases competitiveness

• Has no effect

What strategy are Gulf countries using to cope with a strong dollar?

• Increasing oil production

• Adapting by adjusting selling prices

• Pegging to the Euro

• Reducing exports

What has forced the Gulf governments to diversify their revenue streams?

• Global economic boom

• Sharp drop in oil prices

• Increase in oil prices

• Stable dollar

How are Gulf governments planning to offset the impact of increased taxes?

• By providing cash handouts to households

• By increasing oil exports

• By lowering interest rates

• By reducing public services