Malik: Oil Prices Still Supported By Tight Fundamentals

The transcript discusses the impact of the Ukraine war on GCC oil revenue, leading to increased fiscal and current account surpluses. It highlights the importance of measured procyclicality and ongoing fiscal reforms in the GCC, including the introduction of corporate tax in the UAE. The strong dollar's impact on Dubai's economy and tourism is examined, noting both challenges and benefits. The vulnerability of Bahrain and Oman due to structural issues is addressed, along with the outlook for oil prices amidst global economic uncertainties.

What are the implications of inflationary pressures in the GCC region?

Which GCC countries are considered most vulnerable in the current economic environment and why?

How might global developments affect energy and commodity prices in the GCC?