•Caution remains on emerging economies exposed to high dollar-denominated debt
•Commodity-importing economies will benefit from low prices
•GCC economies cutting back non-essential expenditures, introducing healthy reforms
•Non-oil sector growth in Saudi Arabia and UAE remains resilient
Jeddah, Saudi Arabia – 22 February 2016: Alkhabeer Capital, the asset management and investment firm based in Jeddah, Saudi Arabia, today released the 2016 edition of its annual market insight report. Analyzing the growth prospects of the region’s largest economy, Alkhabeer’s Global Outlook Report 2016 tracks market performance and economic developments over the past year, and highlights key indicators and trends for 2016.
“Overall, 2015 has been a year of high volatility and accelerating developments,” said Alkhabeer Capital Outlook Report. “The past 12 months have presented the Kingdom of Saudi Arabia with an opportunity to reinforce its economic fundamentals while spurring a move towards greater diversification. Looking at 2016, we see a number of challenges facing markets regionally and globally, which will require careful management and prudent preparation to weather potential headwinds.”
The report provides Alkhabeer’s insights as to the world’s key financial markets, including a number of asset classes spanning equities, fixed income, commodities and currencies. It also outlines themes that will dominate business during the year and reviews the expectations of the previous year’s report.
According to the Alkhabeer’s report, a persistent weakness in oil prices has taken a toll on GCC countries. The recent budget announcements for this year by Saudi Arabia and its fellow GCC member states signal that governments across the region are scaling back non-essential spending, but are continuing to invest significantly in infrastructure, education, and social programs.
Full details of Alkhabeer Capital’s Global Outlook Report 2016 can be found here: http://goo.gl/jfWOXA
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