Middle East fund managers have become more bullish towards equities in the region over the past month because of flows of money into emerging markets globally, but they remain wary of the direction of oil prices, a Reuters poll found.
With the US economy likely late in its cycle, equity markets fully valued and increased volatility following the Brexit decision, there are significant risks to the outlook for global equities, an industry expert said.
By 2020, private wealth in Oman will rise from $0.3 trillion to $0.4 trillion, according to a new report by The Boston Consulting Group (BCG).
In the next five years, the growth of private wealth in Oman will be driven primarily b
Middle East fund managers are reducing their cash holdings and building back long positions in equities and fixed income because of signs that markets have bottomed out, a monthly Reuters poll shows.
During the previous six months
Gulf International Bank (GIB) is offering low volatility and protected strategies on global and regional equities.
In the last few years, markets have suffered from bouts of elevated volatility and large swings
Middle East fund managers have become more positive on Saudi Arabian equities after valuations dropped and because of signs that oil prices may be bottoming out, a monthly Reuters survey shows.
Late last year, managers became bear
Gold's prospects for a sustained price rally are better than they have been for years as a weaker dollar, crashing oil prices and concerns about the global economy have revived its safe-haven status after years as the dog of global financial
US and European shares rebounded from recent weakness on Friday, with reassuring US retail sales data boosting sentiment, while US crude prices rallied from more than 12-year lows.
Banking shares in the United States and Europe sp
Gold hit three-month highs on Monday, extending its biggest weekly rise since July 2013 as sliding stock markets, global growth uncertainty and a softer dollar prompted investors to seek safety in hard assets.
Spot gold reached a
Gulf stock markets rose sharply early on Sunday, with strong trading volumes suggesting some investors were returning after oil prices and global equities jumped at the end of last week.
Dubai's index surged 3.1 per cent to 2,