Results come from Oxford Business Groups latest survey of 110 UAE C-suite executives
rising interest rates
2019 Prediction
2019 Outlook: Healthy signs of growing momentum in GCC economies
GCC governments are playing a leading role in boosting economic growth and investor confidence, writes Nadi Bargouti, managing director, head of asset management, Emirates Investment Bank
CBUAE
UAE Central Bank rises interest rates applied to certificates of deposits
The move follows a US Federal Reserve Board decision to increase the Federal Funds Rate by 25 basis points
Abu Dhabi Securities Exchange
MENA IPOs raise $350m in Q3 this year
IPO activity dropped 33% compared to 2019 but value rose 21.9% year-on-year
2008 economic crisis
Video: How will rate rises affect MENA debt servicing?
As the decade-long era of cheap money ushered in by the collapse of Lehman Brothers and the onset of the global economic crisis in 2008 draws to a close, the oil importers of the Middle East will have to contend with a toxic combination of onerous debt loads and rising interest rates.