Middle East & North Africa Chart Pack Global monetary tightening a challenge for MENA Central banks in the Gulf will have to raise interest rates in line with the Fed (which we expect to hike four times both this year and next) by virtue of their dollar pegs, adding to headwinds facing... 28th January 2022 · 11 mins read
Middle East & North Africa Economic Outlook Gulf to drive a pick-up in regional growth in 2022 The recovery across the Middle East and North Africa is likely to gather pace this year, due in large part to the Gulf where rising oil output will cause GDP growth to pick up to rates well above... 25th January 2022 · 25 mins read
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 Economic Outlook Gulf to outperform Economic recoveries in the Gulf will continue to gather pace over the coming year on the back of successful vaccine rollouts and higher oil output, and our GDP growth forecasts lie above the consensus... 19th October 2021 · 25 mins read
Middle East & North Africa Economics Weekly Egypt and UAE inflation, OPEC+, austerity in Algeria Inflation figures for Egypt showed the headline rate jumped to a 20-month high in September and we think that this will delay a turn towards interest rate cuts. Elsewhere, the UAE emerged from... 14th October 2021 · 5 mins read
OPEC Watch OPEC Monthly Oil Market Report (Aug.) OPEC’s oil production soared in July as Saudi Arabia unwound the bulk of its voluntary output cut. Although OPEC left its demand forecast unchanged, we think that the near-term demand outlook has... 12th August 2021 · 3 mins read
Middle East & North Africa Economics A two-speed recovery Strong COVID-19 vaccine rollouts in most of the Gulf and Morocco mean that remaining virus restrictions should be lifted by the end of this year, providing a boost to recoveries that, in the Gulf... 21st July 2021 · 25 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 Economics Update The latest on COVID-19 and vaccines in MENA Virus numbers have fallen in the past few months in the MENA region and a rapid vaccine rollout should allow most of the Gulf economies, as well as Morocco, to lift restrictions further over the... 21st June 2021 · 4 mins read
Middle East & North Africa Chart Pack Gulf tightening the purse strings Fiscal plans announced across the Gulf over the past month suggest that governments will keep policy tight, a key reason why we think that economic growth will disappoint this year. The Saudi 2020... 29th January 2020 · 14 mins read
Middle East & North Africa Economics Update Bouteflexit: what next for Algeria? The decision by Algeria’s President Bouteflika to step down is likely to result in a long and potentially messy transition. At the very least, economic growth will weaken and the chances of a severe... 3rd April 2019 · 1 min read
Middle East & North Africa Economics Update Algeria’s protests and the impact on the rest of MENA Any economic fallout from the protests in Algeria will have a negligible impact on the rest of the MENA region. The greater risk stems from political contagion. Past experience suggests that... 13th March 2019 · 1 min read
Middle East & North Africa Economics Update Algeria after Bouteflika Algeria’s President Abdelaziz Bouteflika’s decision not to seek a fifth term in office is unlikely to spell the end of the political saga. Whoever eventually takes over will inherit an economy that... 12th March 2019 · 1 min read
Middle East & North Africa Economics Update Lessons for Algeria from the Arab Spring The protests in Algeria have inevitably spurred comparisons with the Arab Spring uprisings in 2011 and the experience from that period is that economic growth will slow and balance of payments strains... 5th March 2019 · 1 min read
