Middle East & North Africa Chart Pack Gulf governments to keep fiscal policy tight Governments across the Gulf have begun to unveil their 2022 budgets and tight fiscal policy remains the order of the day. Saudi Arabia outlined a 6% cut in spending next year that is expected to push... 15th December 2021 · 14 mins read
Middle East & North Africa Chart Pack MENA and the Omicron risks The Middle East and North African economies are potentially among the most vulnerable to the fallout from the Omicron strain of COVID-19. The North African economies as well as Lebanon and Jordan have... 30th November 2021 · 14 mins read
Middle East & North Africa Chart Pack What do higher oil prices mean outside of the Gulf? The Gulf countries will be among the biggest winners globally from the recent rally in energy prices but most other parts of the Middle East and North Africa are net oil importers and are likely to be... 27th October 2021 · 10 mins read
Middle East & North Africa Chart Pack Rise in inflation to prove short-lived Inflation in many economies in the region has risen to multi-year highs in recent months. In general, this has been driven higher by a combination of unfavourable base effects from the pandemic, as... 28th September 2021 · 14 mins read
Middle East & North Africa Chart Pack Gulf countries move to lift containment measures High levels of vaccine coverage have paved the way for policymakers across the Gulf to lift measures to contain COVID-19 over the past month or so. The UAE remains ahead of the pack in the vaccine... 26th August 2021 · 14 mins read
Middle East & North Africa Chart Pack OPEC+ agreement provides a boost to Gulf recoveries The end of the impasse within OPEC+ this month will result in higher oil output and boost recoveries in the Gulf over the second half of this year and in 2022. Output quotas will rise by 400,000bpd... 28th July 2021 · 11 mins read
Middle East & North Africa Chart Pack Higher oil prices to help narrow twin deficits The price of oil has continued to rise and will help to improve balance sheets in the Gulf. With oil prices at $75pb, all Gulf economies with the exceptions of Bahrain and Oman are likely to be... 24th June 2021 · 15 mins read
Middle East & North Africa Chart Pack Inflation edges higher Headline inflation rates have increased in almost all countries in the region since the turn of the year reflecting a combination of price pressures as economies re-open, higher food inflation and tax... 27th May 2021 · 15 mins read
Middle East & North Africa Chart Pack Vaccination roll outs pick up pace The Gulf economies, as well as Morocco, lead the way when it comes to COVID-19 vaccination programmes in the region. The UAE, Bahrain, and Qatar have provided at least one dose to more than half of... 28th April 2021 · 11 mins read
Middle East & North Africa Chart Pack Tourism sectors likely to remain a laggard The recent rise in COVID-19 cases in the region adds to reasons to think that a recovery in tourism is some way off. Governments across the world seem, in any case, appear increasingly reluctant to... 25th March 2021 · 14 mins read
Middle East & North Africa Chart Pack Gulf to continue leaning on debt markets Dollar bond issuance in the Gulf has got off to a quick start this year with Saudi Arabia, Oman, and Bahrain selling a total of $10.25bn of bonds in the past month. If oil prices continue to rise, as... 23rd February 2021 · 14 mins read
Middle East & North Africa Chart Pack Gulf leading the vaccine race Governments across the region have begun the roll out of COVID-19 vaccines with parts of the Gulf making a strong start. The UAE and Bahrain are among the world leaders in administering vaccines. In... 26th January 2021 · 10 mins read
Middle East & North Africa Chart Pack Easing oil output quotas to provide boost to Gulf The OPEC+ agreement earlier this month to increase oil supply will mean that downturns in hydrocarbon sectors across the Gulf will start to ease. And, of course, the Gulf countries will also benefit... 18th December 2020 · 14 mins read
Middle East & North Africa Chart Pack Vaccine developments brighten the economic outlook The positive news on COVID-19 vaccines in recent weeks has helped to lift the near-term outlook for the Middle East and North Africa. For the Gulf countries, oil prices have picked up with Brent crude... 24th November 2020 · 14 mins read
Middle East & North Africa Chart Pack OPEC+ cut extension would drag on GDP The latest OPEC oil production figures continue to show that several countries are overproducing, which is making Saudi Arabia – which has borne the brunt of production cuts – increasingly frustrated... 26th October 2020 · 15 mins read
Middle East & North Africa Chart Pack Fresh dip in oil prices dampens outlook for the Gulf Oil prices suffered a fresh bout of weakness this month amid growing concerns over rising global coronavirus cases, which reinforces our view that economic recoveries in the Gulf will be slow. At the... 23rd September 2020 · 14 mins read