BGA Cable: Hot Autumn in the Middle East


SituationThis week’s sell-off in Turkish assets has to be seen in the wider context of a confluence of events
that will shape the future of the Middle East over the next couple of weeks: Kurdish independence; Iran’s compliance with the nuclear deal; and the Qatari conflict. These events will push up oil price volatility and lead to more repatriations of sovereign wealth fund assets and more debt issuance, as the region struggles with low oil prices and higher budget outlays. Meanwhile private capital is likely to flow out of the region in response to rising political risk.

Contact BGA to read the full cable.

Our Associates are closely monitoring developments so we can keep you updated on the political situation in the Middle East and their potential implications for financial markets.  Contact us to schedule a call with our experts for more detailed views.