LONDON: High net worth individuals in the Middle East have become the most risk averse among wealthy investors in emerging markets after being hit by the oil price crash, according to an executive at Barclays private bank.The banks' rich clients across emerging markets are shifting towards perceived safer investments, such as dollar assets, equity-paying dividends or selective fixed income, but risk aversion is not as intense as during the global financial crisis, said Salman Haider, Barclays Private Bank's head of global growth markets.In the Middle East, however, caution is much more evident. "In the Middle East the risk appetite levels have fallen a lot," he said in an in interview. "There's a lot more focus on local liquidity, a lot more focus on preserving liquidity."While global stocks have regained some of the ground lost after a rout in March sparked by fears about the economic cost of the pandemic, oil prices remain at depressed levels despite a pickup this month.Haider said … [Read more...] about Middle East rich most cautious after oil plunge, COVID-19 crisis: Barclays
It’s unclear why the game isn’t available in those two countries, and Sony did not respond to a Digital Trends request for comment on the omission. Although both countries generally have more conservative views on entertainment than other regions where pre-orders are available, even graphic content doesn’t appear to be a disqualifying factor. … [Read more...] about Last of Us Part II may face ban in some Middle East countries. But why?
Hifter’s self-styled Libyan Arab Armed Forces launched an offensive to capture Tripoli last year, clashing with an array of militias loosely allied with the U.N.-supported but weak government there. Hifter is backed by The United Arab Emirates, Egypt and Russia, while the Tripoli-allied militias are aided by Turkey, Qatar and Italy. … [Read more...] about US military says Russia deployed fighter jets to Libya
Thousands of migrants have been stuck in the Balkan countries during the lockdown imposed to curb the spread of the new coronavirus. Those in Bosnia want to cross into European Union member Croatia and move further west from there. … [Read more...] about Bosnia police say 2 migrants killed in apparent clash
“It is not possible that this decision, or my recommendation rather, to the president rather, was based on any effort to retaliate for any investigation that was going on, or is currently going on,” Pompeo told the Post, adding that he did not know if Linick’s office had been looking into possible impropriety on his part. … [Read more...] about Democrats: Fired watchdog was looking into Saudi arms sale