Deutsche Bank Middle East CEO admits market sentiment is poor for Gulf economies

Market sentiment is not great for Gulf states at the moment, Deutsche Bank's Middle East and Africa CEO said Wednesday, acknowledging the concerns that investors have held about the region in recent years.

Bahrain had to get a $10 billion aid package from its from its neighbors late last year, and Moody's has stripped Oman of it's last investment-grade rating. "OPEC-agreed oil production cuts means that the support to growth from the oil sector is now starting to fade," Capital Economics wrote in a research note in March, adding that while equity markets have risen, they still"underperform those in the rest of the emerging world."

The International Monetary Fund was more positive about the UAE's coming years, forecasting a rise in non-oil growth from a projected 3.9 percent this year to 4.2 percent in 2020, and overall real gross domestic product growth at around 3.7 percent for 2019–20."Although nonperforming loans rose during the slowdown, banks remain liquid and well capitalized," the IMF said in a February report.

Haha Excellent

DAVOS Jan 25, 2019 - majority claimed global destabilization due income inequality. Believe it yet? How long will we allow a handful of people control billions of people's futures?

And just now you figured this out!

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ECB will ask Deutsche Bank to raise fresh funds for merger: sourceThe European Central Bank will ask Deutsche Bank to raise fresh funds before it ... Douche Bank Anche perche' il Bundestag ha detto che i contribuenti non dovranno cacciare un centesimo... Call in the trump chips
Source: Reuters - 🏆 2. / 97 Read more »

Exclusive: Deutsche Bank open to U.S. revamp in merger talks - sourcesDeutsche Bank said it was open to further restructuring of its U.S. investment b...
Source: Reuters - 🏆 2. / 97 Read more »

ECB will reportedly ask Deutsche Bank to raise fresh funds for mergerThe European Central Bank will ask Deutsche Bank to raise fresh funds before it gives the go-ahead for a merger with a state-backed rival, a person with direct knowledge of the matter said.
Source: CNBC - 🏆 12. / 72 Read more »

Deutsche Bank and Commerzbank divided over pace of merger talks: sourcesDeutsche Bank and Commerzbank are divided over the pace of their merger talks, t... They need more time to cook the books I guess🤔
Source: Reuters - 🏆 2. / 97 Read more »