Having trouble reading this email?  View it in your browser  Top short-term challenges and opportunities for GCC asset managers Moody's expects the sector's relatively low geographic and product diversification and regional geopolitical tensions to add further pressure Saudi GDP fell in Q2 and economic recovery will be slow -report Capital Economics estimate that the Saudi GDP fell by 13% y-o-y in Q2 (data due in late September) UAE public-sector lending gains, private sector contracts Lending to the private sector contracted for the third consecutive month in June Gulf executives should act quickly for companies to overcome challenges Economic integration within the GCC could enable business expansion into other markets Biggest IPO in history? China's Ant could trump Saudi Aramco's $29.4bln Backed by e-commerce giant Alibaba Group, Ant plans to list simultaneously in Hong Kong and Shanghai Egypt's business activity rises in August; jobs continue to fall - PMI Jobs across the country were reduced as companies found that workloads remained relatively low First Abu Dhabi Bank to open talks with Israel's Bank Hapoalim, Bank Leumi Discussions aim to set up banking relationships that would help both countries Read more on ZAWYA.com Keep track of what’s happening in global markets. Sign up to our Daily Morning Briefing.  Have news to share? Email us at editorial.zawya@refinitiv.com, or send us your company press releases to pressrelease.zawya@refinitiv.com                                  All rights reserved. Republication or redistribution of Refinitiv content, including by framing or similar means, is prohibited without the prior written consent of Refinitiv. Refinitiv and the Refinitiv logo are trademarks of Refinitiv and its affiliated companies. Your privacy and trust are important to us. For more information we invite you to review our Privacy Statement. You are receiving this newsletter because you are in ZAWYA's database of newsletter subscriptions. To opt out of this newsletter, please click here to unsubscribe. Refinitiv, Office 501, Building No. 1, Dubai Media City, PO Box 1426, Dubai, United Arab Emirates.

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