Tarek Fadlallah, chief executive officer of the Middle East unit of Nomura Asset Management, talks about international investors' participation in U.A.E. and Saudi Arabian markets, and the outlook for Saudi stocks. He speaks with Manus Cranny and Tracy Alloway on "Bloomberg Daybreak: Middle East."
Three civilians are dead and eight wounded after two female suicide bombers suspected to have been operating for Boko Haram launched an attack on the town of Mafa in northeast Nigeria. Boko Haram has been waging a 10-year insurgency in northeast Nigeria that has seen it repeatedly use female suicide bombers to attack soft targets such as mosques, markets and bus stations.
The rand is scrambling but keeps slipping as it gets caught up in major global conflicts. China has retaliated with a currency move in the trade wars, Boris Johnson is set to go ahead with no-deal Brexit and U.S markets are still left reeling from the Fed rate cut. What does all this mean for the currency market? Joining me in studio for more is Andre Cilliers, Director & Currency/Markets Expert, TreasuryONE.