The profitability of asset managers in most Gulf Cooperation Council (GCC) countries will face moderate to high pressure over the next 12-18 months, reflecting the coronavirus crisis and an accompanying drop in oil prices. These factors have weighed on their assets under management (AUM), even if most have outperformed their benchmarks. The sector's relatively low geographic and product diversification and regional geopolitical tensions will add further pressure. An improving regulatory environment and growing interest from foreign investors will provide some....