Emirates NBD's Bell on Dubai's Economy, Oil Outlook

The video discusses the economic outlook for the GCC region, focusing on the UAE and Saudi Arabia. It highlights the tight spread between Gulf bonds and U.S. Treasuries, the resilience of the UAE economy despite high interest rates, and the growth of Saudi Arabia's non-oil sector. The video also examines the dynamics of the oil market, including supply cuts by Russia and Saudi Arabia, and the potential impact on global oil prices. Finally, it explores the future of the gold market and inflation trends, considering the alignment between the market and the Fed's terminal rate expectations.

What factors are contributing to the resilience of the UAE economy despite higher interest rates?

How do the PMI numbers from the UAE compare with those from the Eurozone, the UK, and the United States?

Discuss the potential impact of inflation on gold prices going into 2024.