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Barclays bank

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Middle East: Investors Move Away from Risky Assets, Look for Safer Alternatives
June 8th, 2020 - 07:30 GMT

Middle East: Investors Move Away from Risky Assets, Look for Safer Alternatives

Middle East investors with stock in the oil industry have become the most risk-averse in emerging markets and are looking for safer alternatives to store their wealth, according to an executive at Barclays bank. “In the Middle East the risk appetite levels have fallen a lot,” the executive told Reuters. “There’s a lot more focus on local liquidity, a lot more focus on preserving liquidity.” Oil prices plummeted in March ...
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