The UAE’s shock exit from OPEC blindsides partners and dilutes the cartel’s ability to steer oil prices via supply cuts, the UAE Energy Minister Suhail Al Mazrouei, says the decision is not political. Also on the show: traders focusing on the next steps for peace talks as President Trump reportedly tells aides to prepare for a lengthy blockade of the Strait of Hormuz; European banking majors UBS, Santander and Deutsche Bank report first quarter results; Mali is reaffirming its ties with Russia after deadly attacks raised new doubts over its security situation. Guests include: Amir Handjani, Quincy Institute for Responsible Statecraft, Non-resident fellow; Vincent Juvyns, ING Belgium, Chief Investment Strategist; Nadia Martin Wiggen, Svelland Capital, Director.
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Chapters:
00:00:00 – Introduction
00:06:32 – UAE to exit OPEC, OPEC+ as of May 1st
00:10:52 – Amir Handjani, Quincy Institute for Responsible Statecraft, Non-resident fellow
00:19:40 – Vincent Juvyns, ING Belgium, Chief Investment Strategist
00:31:55 – Nadia Martin Wiggen, Svelland Capital, Director
00:39:38 – UBS & Santander report 1Q earnings
00:42:06 – Mali reaffirms ties with Russia
00:44:47 – European earnings season gains momentum
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