UIC discusses energy outlook, impact of global uncertainties on Gulf producers

UIC discusses energy outlook, impact of global uncertainties on Gulf producers

KUWAIT: In a distinguished step that falls within the efforts of the Union of Investment Companies (UIC) helping to improve the financial markets in Kuwait, it organized an economic seminar entitled “Energy outlook amid macroeconomic and geopolitical uncertainties, impact on Gulf producers”, on Monday which tackled the current economic conditions and future expectations of the oil and gas markets and their repercussions on the global economy. UIC hosted experts from Bloomberg to present their outlook on the global economic situation in the field of energy.

Fadwa Darwish, Secretary-General of UIC, welcomed the guests, who were executive managers, top economic analysts, asset and fund managers from investment companies and financial institutions. She indicated that the global economy is in a precarious position due to ongoing trade tensions slowing economic growth in key markets, and increasing geopolitical risks. Other potential risk factors include the interconnectedness of global supply chains, rising debt levels, and oil and gas prices. Despite these challenges, there are reasons for optimism with the release of some economic indicators, also measures taken by central banks to support growth and improve financial stability, and technological advancements fueling innovation and productivity gains.

Ultimately, the future of the global economy will depend on the