Powell: GCC Has Opportunity to Deepen Capital Markets

AI Summary

Ben Powell of BlackRock Investment Institute said Gulf Cooperation Council states have an opportunity to deepen their capital markets as investment flows into the region grow. He discussed how the US-Iran war is making a shift in regional capital flows more visible, alongside continuing Gulf investment abroad.

The direction of capital flows in the Middle East is changing with the US-Iran war making the shift more visible. For decades, the Gulf's relationship with Wall Street was largely defined by capital flowing out and being deployed everywhere. This continues but now the Gulf is also becoming an increasingly important target for global investment. BlackRock Investment Institute Chief Middle East and APAC Investment Strategist Ben Powell spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on the flow of investments in & out of the region. (Source: Bloomberg)