BlackRock strategist Ben Powell discussed how Gulf spending is rerouting trillions away from global markets, sharpening domestic pivoting trends.
2 reports, 1 independent
Updated Sep 3
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What happened
BlackRock strategist Ben Powell discussed how Gulf spending is rerouting trillions away from global markets, sharpening domestic pivoting trends.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Sri Lanka's strategic geographic position, including Trincomalee, connects global markets across Africa, Europe, and the Middle East.Also in this story
- The European Chamber of Commerce of Sri Lanka (ECCSL) strengthened relations between Sri Lanka and Europe, serving as a key platform.
- Global commodity markets are being affected by the ongoing war in Ukraine and the resulting blockades in the Strait of Hormuz.
- Supply chain issues, including pipeline damage and state-owned company management, are impacting the island economy of Sri Lanka, which supplies oil to energy-hungry markets.
- Global trade routes facilitated disease spread between Europe and the Middle East.
The entities involved
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BlackRock
American multinational investment management corporation
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
- The Bank of Canada is managing monetary policy amid risks of energy price spillover from Middle East conflict near Hormuz.
- The international community, including the FAO, has organized a special event in Rome to address the geopolitical fragility caused by the Middle East conflict and resulting supply chain disruptions.
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Ben Powell
researcher 0000-0003-4358-7289
Nothing else this week.
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- Conflict uncertainty and policy shifts are affecting the economic outlook and Treasury yields in the Middle East.