The Source Issue V is here!
Our collaborative team has curated the current insights from our company, members, and the industry in the second issue ICDX Group’s bulletin, The Source.
A different kind of celebration…
Welcoming Eid al-Fitr 1441 Hijri, supermarkets are usually packed, train and plane ticket prices soared, and restaurants are fully booked even until after Eid al-Fitr for halal bihalal. But due to the COVID-19 pandemic, those traditions came to a halt. Breaking the fast just with our closest family, while new clothes and traveling may have to be postponed. People’s buying power that is usually high during Ramadan is now quite weak due to the sluggish global economy. Commodities like crude oil is also affected. Will our economy recover? How does our government respond to the COVID-19 effects? And why did ICDX launch new crude oil futures contract when its prices are falling? What opportunity is there from crude oil?