Middle East & North Africa Chart Pack Egypt’s pound float: short-term pain, long-term gain The 50% fall in the Egyptian pound against the US dollar since the central bank floated the currency at the start of November will cause economic growth to slow sharply in the coming quarters... 28th November 2016 · 1 min read
Middle East & North Africa Chart Pack Egypt edges closer to IMF deal as shortages bite The Egyptian government has inched closer to an IMF financing package over the past month after securing a US$2bn deposit from Saudi Arabia. This makes up a third of the bilateral financing that the... 26th October 2016 · 1 min read
Middle East & North Africa Chart Pack Saudi Arabia likely to stick with fiscal austerity There have been signs in recent weeks that the sharp slowdown in the Saudi economy caused by fiscal austerity may have prompted the authorities to look at alternative solutions to deal with the... 22nd September 2016 · 1 min read
Middle East & North Africa Chart Pack Gulf non-oil sectors struggle as austerity bites The past month has brought further evidence that non-oil sectors in the Gulf are suffering as low oil prices have started to hit home. The picture is most stark in Saudi Arabia, where official data... 18th August 2016 · 1 min read
Middle East & North Africa Chart Pack Egypt: fresh devaluation on the way Speculation has mounted in recent weeks that the Egyptian pound could be on the cusp of (another) devaluation. The initial rumours were sparked by the central bank governor, Tarek Amer, who suggested... 25th July 2016 · 1 min read
Middle East & North Africa Chart Pack MENA countries go calling to the IMF The return of several countries to the IMF for financial support over the past month underlines the severity of long-standing balance of payments problems in parts of the region. In Jordan and Tunisia... 30th June 2016 · 1 min read
Middle East & North Africa Chart Pack MENA countries go calling to the IMF The return of several countries to the IMF for financial support over the past month underlines the severity of long-standing balance of payments problems in parts of the region. In Jordan and Tunisia... 30th June 2016 · 1 min read
Middle East & North Africa Chart Pack Few surprises expected at OPEC meeting This week’s OPEC meeting in Vienna is likely to pass without any major surprises. Policymakers should be a little happier heading into the meeting than they were at the previous one in December –... 31st May 2016 · 1 min read
Middle East & North Africa Chart Pack Gulf countries continue adjustment to cheap oil Saudi Arabia’s ambitious plans to overhaul its economy have grabbed the headlines in recent days, but the past month has seen a number of other Gulf countries announce further measures to deal with... 29th April 2016 · 1 min read
Middle East & North Africa Chart Pack Egypt’s central bank makes long-awaited devaluation The Egyptian central bank’s decision to devalue the pound this month ended months of growing speculation that a move in the currency was on the cards. In the near term, this will bring some pain. The... 30th March 2016 · 1 min read
Middle East & North Africa Chart Pack Saudi Arabia not about to change tack on oil policy Recent comments from Saudi Arabia’s veteran Oil Minister Ali al- Naimi have dashed hopes that had been growing in some quarters that the Kingdom was about to shift direction on its oil market policy... 25th February 2016 · 1 min read
Middle East & North Africa Chart Pack Gulf countries shed light on fiscal plans The raft of budgets announced in the Gulf over the past month should help to ease concerns that these countries lack a clear agenda to adjust to cheap oil. The Saudi government has already cut energy... 29th January 2016 · 1 min read
Middle East & North Africa Chart Pack Egypt edging closer to pound devaluation The Egyptian central bank has found itself in the spotlight this month, as attention has (re-)focussed on the country’s fragile external position. The appointment of Tarek Amer as governor had already... 22nd December 2015 · 1 min read
Middle East & North Africa Chart Pack Devaluation fears rise in Egypt and Saudi Arabia The past month has bought mounting speculation about currency devaluation in the region’s two largest economies, Egypt and Saudi Arabia. In the case of Saudi Arabia, we think this is extremely... 24th November 2015 · 1 min read
Middle East & North Africa Chart Pack Saudi Arabia begins to tighten its belt The past month has brought the clearest signs yet that a fiscal squeeze in Saudi Arabia is looming. According to leaked memos, the Ministry of Finance has ordered government entities to halt new... 29th October 2015 · 1 min read
Middle East & North Africa Chart Pack Signs of stabilisation in Egypt and UAE Financial markets across the MENA region have been hit over the past few months, but there are at least signs that growth has stabilised in key economies. After a disappointing first half of the year... 30th September 2015 · 1 min read
