Hamzeh Al Gaaod - حمزة الكعود
@GaoodH
Global Data. TS Lombard - MENA Geo-pol and Macro analyst
Hard to overemphasise how crucial this is. The EU export-led growth model cracked during Covid and tariffs impede China-US pivot. Boosting productive investment and domestic demand is the only way forward for all policymakers, including at @ecb
More generally, the expansion of the EU's pharma surplus (driven in large part by the perverse incentives in the Tax Cuts and Jobs Act & US pharma pricing) has obscured the second China shock driven deterioration in the EU's goods trade balance 3/
"With US equities bouncing to new highs, there is a lively debate about whether sentiment has become too bullish and could suffer another setback later this summer – as the reality of the administration’s policies shows up in macro data." @darioperkins @TS_Lombard
The EU commission will unveil proposals for the bloc's next budget today - this is what we know so far: 1. the amount (TBC) would be a +60pc increase in current prices compared to present budget / continues ft.com/content/4dc455…
Are Tariffs Working? Unpacking the Economic Impact #Tariffs #TradeWar #USPolitics #Economics #TradePolicy #Economy #TrumpAdministration #Revenue #ImportTariffs #PoliticalEconomy
تقديرات قيمة سوق الأغذية في #السعودية تبلغ 18.5 مليار دولار، وتوقعات ببلوغه 29 مليار بحلول 2030، بنمو سنوي مركب 8%، بحسب محلل شؤون الشرق الأوسط وشمال أفريقيا، حمزة الكعود @SaharElMizari @alsubaiae_ #أسواق_الشرق #اقتصاد_الشرق
New thumbnail is live! Perkins vs Beamish, new episode every week @TS_Lombard @darioperkins @freyabeamish open.spotify.com/show/4qeexYuBj…
Throwback to my first TV interview in English, though content is slightly outdated, @cgtnamerica youtube.com/watch?v=LARym2…
Always great to connect with @AsharqBusiness on Saudi Arabia announcing GCP denomination in US CP and EU CP. Short term debt tool to help liquidity and financing issues with low oil prices. Interview in Arabic here asharq.co/vused
Al Udied and Al Assad hit by Iran. Worrying. But much less so than Oil flow disruption. A summary of our view from this mornings note to clients. Cc @TS_Lombard

EVERYONE is focused on the US intervention in Iran. But what is next? Will the Iraninas cause an Oil shock? I'll keep it simple and annoying: Join our webinar this Wednesday to find out! cc @TS_Lombard linkedin.com/posts/hamzeh-a…
Once again, great to connect with @AJEnglish on the Iran situation. Our advice to markets is to think about the method of reaching a maxi-conflagration outcome and the series of events to get there. Article here: aljazeera.com/news/2025/6/19…
‼️WEBINAR ALERT ‼️3 PM GMT Tomorrow. No, we will not only be talking about the Strait of Hormuz....Register here: globaldata.zoom.us/webinar/regist… cc @TS_Lombard

World's greatest macro podcast is back. In this episode - WHY THE FED HATES DONALD TRUMP
Podcast: WHY THE FED HATES TRUMP. Will Israel-Iran conflict derail markets? @darioperkins @freyabeamish Spotify: open.spotify.com/episode/6y4eHs… Apple: podcasts.apple.com/us/podcast/why…
Great collaboration with our partners at MEED on the regional situation. Webinar this Thursday is here: globaldata.zoom.us/webinar/regist… @meed_media @TS_Lombard meed.com/focus-on-proce…
محلل شؤون الشرق الأوسط وشمال أفريقيا في TS Lombard، حمزة الكعود: 📍 أسواق #النفط لا تتوقع توسع نطاق الحرب بين #إسرائيل و #إيران 📍 إذا لم تتوسع الحرب في الأيام المقبلة ستتراجع الأسعار 📍 إغلاق #مضيق_هرمز سيرفع أسعار النفط بشكل جنوني 📍 #أوبك لديها القدرة على تعويض السوق عن…
Great to connect with @RimaNajjar discussing GCC markets in response to Iran-Israel situation. GCC bonds have an inverse relationship with dollar. With dollar sentiment looking bearish, coupled with Geo-pol risk and high issuance, Bonds are up. asharq.co/r2ce9

Great to connect with Alex Kozul-Wright with @AJEnglish on the ongoing situation in the Middle East. Full article here: aljazeera.com/economy/2025/6…

It was great connecting with Alex Kozul-Wright from @AJEnglish , article here aljazeera.com/economy/2025/6…

bringing the US into the conflict after all, or (ii) Hormuz blockade, which would alienate China, on which they now depend on to purchase crude shipped through its shadow oil fleet. We expect the geopolitical risk premium added to Oil today to fade if escalation remains contained