OPEC and ECB meetings to dominate headlines this week
04 September 2022 | Admin
The Week Ahead - Regional Markets
Investor Conference season kicks off on 05 September with Goldman Sachs' Saudi Arabia Corporate Day in Riyadh. Following the pressure on crude oil prices amid a weakening demand outlook and recent comments from Saudi Arabia to support oil prices, the upcoming OPEC meeting on 05 September will be in focus. Investors will also keep a tab on the ECB meeting to be held on 08 September, as its officials in the recently concluded US' Jackson Hole summit suggested a rate hike would be at least equal to or even more than last time's 50bps. This week, CBI will seek shareholders' approval to increase capital, DEWA's Board will discuss recommending an interim dividend, whereas Al Buhaira National Insurance's Board will discuss 2Q 2022 results.