Middle East Market Risks for 2019: Saudi Politics, Oil, and Wars - Bloomberg:
The list of potential pitfalls for Middle East investors next year is long.
With oil in a bear market, pressure on energy exporters is mounting. Saudi Arabia’s global standing is being questioned and Washington has turned its back on Iran, opening the way for increased -- and some say destabilizing -- Russian influence.
The region has never been for the faint-hearted. Traders who snapped up Saudi assets in the first half of the year, only to see the market turn against them after the murder of columnist Jamal Khashoggi in Istanbul, are nursing steep losses. Bahrain’s friends only bailed out the nation after its bonds got a battering and Aramco’s postponed share sale has dealt a blow to investor confidence.
No comments:
Post a Comment