Middle East Credit Faces Downgrades

The video discusses the economic transformation in the Middle East due to changing oil prices, focusing on the GCC's efforts to diversify their economies. It highlights liquidity issues in GCC banks, with improvements noted since February. The role of international banks, particularly Japanese and European, in GCC lending is examined. The video also addresses risks in the real estate sector and potential economic slowdowns. Qatar's sovereign bond issuance and the stability of GCC currencies are discussed, with a potential future move towards a union currency.

What is the current state of GCC banks in terms of capitalization?

What potential future scenario is suggested regarding a Union currency among GCC countries?