Powell: GCC Has Opportunity to Deepen Capital Markets
BlackRock strategist Ben Powell stated that Gulf Cooperation Council countries have a growing opportunity to deepen their capital markets as the region becomes a significant target for global investment.
The direction of capital flows in the Middle East is changing with the US-Iran war making the shift more visible. For decades, the Gulf's relationship with Wall Street was largely defined by capital flowing out and being deployed everywhere. This continues but now the Gulf is also becoming an increasingly important target for global investment. BlackRock Investment Institute Chief Middle East and APAC Investment Strategist Ben Powell spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East &…
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