Haque: Largest GCC Economies Could Run Budget Deficits

The transcript discusses the impact of oil price fluctuations on revenue and market dynamics, highlighting the challenges faced by the Gulf region in maintaining diplomatic neutrality amid sanctions on Russia. It explores economic implications, investments, and the role of sovereign wealth funds. The discussion also covers inflationary pressures and potential government measures in the UAE, as well as debt issuance and market conditions in the Gulf region.

What is the daily additional revenue generated from a $30 differential in oil prices?

• $100 million

• $300 million

• $400 million

• $200 million

Why might OPEC be cautious about oil prices reaching $150 per barrel?

• It could lead to a decrease in global oil demand.

• It might encourage investment in renewable energy.

• It would increase competition among oil exporters.

• It could cause a surplus in oil supply.

How are the UAE and other GCC countries managing their diplomatic relations with Russia and the US?

• By taking a firm stance against Russia.

• By maintaining a neutral position.

• By aligning closely with the US.

• By focusing solely on economic ties with China.

What is the approximate value of Russian assets held by the UAE's sovereign wealth funds?

• $6 billion

• $9 billion

• $12 billion

• $10 billion

What is one potential government action to address rising fuel prices in the UAE?

• Encourage the use of electric vehicles.

• Ban the import of foreign oil.

• Subsidize fuel costs for consumers.

• Increase taxes on fuel.

How might the UAE government use the oil windfall to benefit consumers?

• Increase public sector salaries.

• Reduce food and fuel prices.

• Invest in new oil fields.

• Expand tourism infrastructure.

What is the expected budget surplus for Saudi Arabia and the UAE as a percentage of GDP?

• 5%

• 2%

• 3%

• 4%