Investment professionals in the GCC are more worried about the US president Donald Trump’s future energy policy than any potential withdrawal from global trade agreements, according to the CFA Institute’s Middle East members’ sentiment survey.
More than 50 per cent of respondents cited Mr Trump’s pro-energy agenda as the policy most likely to affect the region, while less than 20 per cent cited trade policies.
“While Europe and Asia are more concerned with global trade, in the GCC the concern was more about energy policy,” said Amer Khansaheb, the president of CFA Society Emirates.
Almost 70 per cent of members polled felt that oil prices would average between US$50-$60 per barrel this year. Just over 20 per cent thought prices may fall to $40-$50, and only 10 per cent expect prices to rise above $60.
Mr Khansaheb said that if oil prices remain steady, a repeat of the record bond issuance that took place in the region last year looks unlikely.
“It goes hand in hand,” he said.
mfahy@thenational.ae
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The specs
Engine: 2.0-litre 4-cyl turbo
Power: 201hp at 5,200rpm
Torque: 320Nm at 1,750-4,000rpm
Transmission: 6-speed auto
Fuel consumption: 8.7L/100km
Price: Dh133,900
On sale: now
Company%20Profile
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
The drill
Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.
Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”
Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”
Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.”
