Iqbal: Neutral on KSA & Dubai Markets

The video discusses the dynamics of the oil market, focusing on production cuts and market stability, particularly in Saudi Arabia. It analyzes the Saudi Tadawul's correlation with oil prices and explores investment strategies in the Gulf, emphasizing Gulf banks and large caps. The economic outlook for Egypt is examined, highlighting challenges like the balance of payments and potential EGP devaluation. Finally, the impact of US economic indicators, such as Fed rate hikes, on Gulf economies is considered.

What is the expected actual reduction in oil production compared to the announced cut by Saudi Arabia?

• 1,500,000 barrels

• 500,000 barrels

• 2,000,000 barrels

• 1,000,000 barrels

What is the main reason for the recent correlation between Brent crude prices and the Saudi Tadawul index?

• High oil price volatility

• Increased oil production

• Stable oil prices

• Decreased oil demand

What is a critical support level for the Saudi Tadawul index mentioned in the analysis?

• 9,800

• 10,600

• 11,000

• 9,400

What is the primary economic concern for Egypt according to the analysis?

• Decreasing foreign investments

• Rising unemployment

• Balance of payments gap

• High inflation

What is the expected exchange rate for the Egyptian pound by year-end?

• 26

• 20

• 24

• 22

What could trigger a financial accident in the Gulf region according to the analysis?

• A decrease in oil prices

• A more hawkish Federal Reserve

• A decline in foreign investments

• A rise in unemployment

How many basis points of rate hikes are forecasted for the Federal Reserve?

• 250

• 100

• 200

• 150