Oliver Schutzmann, CEO of Iridium Advisors, said: “With the 2Q 2020 effect cycle now behind us, Iridium Quant Lens has processed all transcripts of profit calls from GCC-listed corporations for the year to date. We are pleased to verify that the first recovery symptoms were detected in the 2Q 2020 benefit cycle with a 7-point increase in sentiment to nine emissions compared to the previous quarter. -one drop point since 4Q 201 nine points, and the lowest point observed in the last quarter. Five years. “
While the fall in sentiment index in 1Q 2020 was widespread and felt almost similarly in all Gulf countries, by the 2Q 2020 earnings cycle, it recovered in Saudi Arabia, the United Arab Emirates and Qatar, but continued to decline in Kuwait.