MUFG's Khoman on BRICS Expansion, Egypt & Oil Market

The video discusses trade flows in Saudi Arabia and UAE, highlighting China and India as key partners. It explores the impact of BRICS expansion on Middle East economics, focusing on energy dominance and financial institutions. The discussion includes currency dynamics, de-dollarization, and the role of BRICS+. Egypt's economic challenges, including foreign exchange issues and IMF policies, are examined. Finally, the video analyzes OPEC's stance and oil market fundamentals, predicting a supply deficit until 2024.

Discuss the potential for a transition towards a BRICS plus common currency.

What are the core measures that Egypt needs to deliver on as part of the IMF program?

What is the current stance of OPEC regarding oil production, and how might it change?