Emerging markets saw portfolio inflows decline in October month-on-month as uncertainty stemming from the US-China trade dispute weighs on investors' confidence, the Institute of International Finance said.
Portfolio inflows slowed to $22.5bn (Dh82.6bn) in October, compared to $37.7bn in September, the IIF said.
"We believe the outlook for equity flows to non-China EM remains difficult given the large amount of hot money that has already gone to EM in recent years," the IIF said. "While we are 'glass-half-full' on the global economy, the persistent weakness of EM currencies versus the dollar is worrying."
The ongoing trade dispute is hurting the global economy's growth with international bodies such as the International Monetary Fund and the World Bank warning of a deteriorating outlook.
The global economy is in a “synchronised slowdown” and projected to grow 3 per cent this year, its slowest expansion since the 2008 global financial crisis, as a result of protectionist policies and increased uncertainty related to trade, the IMF said in October.
The Washington-based lender's estimate is a 0.3 percentage point downgrade from its April forecast and marks the fifth revision of the organisation’s outlook on the global economy, which grew 3.6 per cent last year.
Underscoring the dire outlook, the World Bank said in October prospects for global economic growth are worsening amid trade tensions and uncertainty related to Britain's exit from the European Union.
Emerging markets' portfolio inflows of $22.5bn in October was mostly comprised of debt inflows, totalling around $21.3bn, the IIF said.
"There are many different forces at work currently, including geopolitical uncertainty, weak commodity prices and idiosyncratic difficulties," it said. "But perhaps the single common denominator is non-resident capital flows to non-China emerging markets."
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
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EA Sports FC 24
FA Cup quarter-final draw
The matches will be played across the weekend of 21 and 22 March
Sheffield United v Arsenal
Newcastle v Manchester City
Norwich v Derby/Manchester United
Leicester City v Chelsea
23-man shortlist for next six Hall of Fame inductees
Tony Adams, David Beckham, Dennis Bergkamp, Sol Campbell, Eric Cantona, Andrew Cole, Ashley Cole, Didier Drogba, Les Ferdinand, Rio Ferdinand, Robbie Fowler, Steven Gerrard, Roy Keane, Frank Lampard, Matt Le Tissier, Michael Owen, Peter Schmeichel, Paul Scholes, John Terry, Robin van Persie, Nemanja Vidic, Patrick Viera, Ian Wright.
Super 30
Produced: Sajid Nadiadwala and Phantom Productions
Directed: Vikas Bahl
Cast: Hrithik Roshan, Pankaj Tripathi, Aditya Srivastav, Mrinal Thakur
Rating: 3.5 /5
INFO
Western Region Asia Cup T20 Qualifier
Sun Feb 23 – Thu Feb 27, Al Amerat, Oman
The two finalists advance to the Asia qualifier in Malaysia in August
Group A
Bahrain, Maldives, Oman, Qatar
Group B
UAE, Iran, Kuwait, Saudi Arabia
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What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
if you go
The flights
Emirates flies to Delhi with fares starting from around Dh760 return, while Etihad fares cost about Dh783 return. From Delhi, there are connecting flights to Lucknow.
Where to stay
It is advisable to stay in Lucknow and make a day trip to Kannauj. A stay at the Lebua Lucknow hotel, a traditional Lucknowi mansion, is recommended. Prices start from Dh300 per night (excluding taxes).
A timeline of the Historical Dictionary of the Arabic Language
- 2018: Formal work begins
- November 2021: First 17 volumes launched
- November 2022: Additional 19 volumes released
- October 2023: Another 31 volumes released
- November 2024: All 127 volumes completed
HIV on the rise in the region
A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.
New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.
Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.
Access to HIV testing, treatment and care in the region is well below the global average.
Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.
