Middle East & North Africa Chart Pack

Middle East and North Africa Chart Pack (Oct. 2024)

Our latest Middle East and North Africa Chart Pack has been updated to reflect the latest data and developments in the region. Headline GDP growth in the Gulf economies will strengthen in 2025 as oil...

30th October 2024 · 1 min read

Middle East & North Africa Economics Weekly

Egypt-PIF investment, monetary policy in MENA

The announcement that Saudi Arabia’s Public Investment Fund will invest $5bn into Egypt’s economy is a further sign that the weaker pound has made Egyptian assets more attractive and will help to put...

19th September 2024 · 7 mins read

Middle East & North Africa Economic Outlook

Gulf’s non-oil sectors set for a slowdown

Headline GDP growth in the Gulf economies will strengthen sharply in 2025 as oil output cuts are unwound. But lower oil prices will prompt a turn to fiscal consolidation in most of the Gulf, causing...

19th September 2024 · 20 mins read

Middle East & North Africa Economics Weekly

Reforms on the agenda in the Gulf, Morocco’s budget

Reports this week suggest that Kuwait’s government will pursue public finance reforms to diversify revenues away from oil, but the reported measures appear to be small in the grand scheme of things...

15th August 2024 · 6 mins read

Middle East & North Africa Chart Pack

Middle East and North Africa Chart Pack (July 2024)

Our MENA Chart Pack has been updated with the latest data and our analysis of recent developments. Growth in the Gulf economies is likely to pick up in the coming quarters, particularly as oil output...

29th July 2024 · 1 min read

Middle East & North Africa Economics Weekly

Egypt blackouts, Morocco rate cut, Iran election

Gas shortages in Egypt have led to blackouts and hotter summers are likely to raise demand for energy in the future. Absent further large gas finds, Egypt’s time as a natural gas net exporter is...

27th June 2024 · 6 mins read

Middle East & North Africa Rapid Response

Morocco Interest Rate Announcement (June 2024)

Morocco’s central bank, Bank Al-Maghrib (BAM) announced this afternoon that it has cut its key policy interest rate by 25bp, to 2.75%. We expect that the Bank will continue to tread cautiously, as the...

25th June 2024 · 2 mins read

Middle East & North Africa Chart Pack

Middle East and North Africa Chart Pack (June 2024)

Growth in the Gulf economies is likely to pick up in the coming quarters, particularly as oil output starts to rise from October. We think non-oil sectors will continue to grow strongly. But the...

25th June 2024 · 1 min read

Middle East & North Africa Economics Weekly

Lebanon on the brink, Hajj underway, Morocco rates

Tensions between Hezbollah and Israel have ratcheted up in recent weeks and now threatens to draw Lebanon directly into the war. The economy is already in the midst of one of the worst crises on...

20th June 2024 · 6 mins read

Middle East & North Africa Economic Outlook

GDP growth pick-up on a fragile footing

Growth in the Gulf economies is likely to pick up in the coming quarters, particularly as oil output starts to rise from October. We think non-oil sectors will continue to grow strongly. But the...

18th June 2024 · 20 mins read

Middle East & North Africa Economics Weekly

Morocco’s EVs to fuel auto boom, Aramco issuance

The EU’s tariffs on EV imports from China may encourage Chinese firms to raise investments into Morocco, whose auto sector is growing rapidly on the back of expansion plans from both Chinese and...

13th June 2024 · 7 mins read

Middle East & North Africa Economics Weekly

Saudi-US pact nears, MENA bond issuances, Iran election

Reports that the US and Saudi Arabia are nearing to a grand deal on security and the Kingdom’s civilian nuclear program would, if confirmed, swing the Kingdom back towards the US’s sphere of influence...

23rd May 2024 · 6 mins read

Middle East & North Africa Economics Weekly

Saudi-US relations, NEOM financing, Morocco and the IMF

Reports suggest that Saudi Arabia and the US are close to reaching a new security pact which, if confirmed, could swing the Kingdom back towards the US's orbit. Meanwhile, Saudi’s flagship gigaproject...

2nd May 2024 · 7 mins read

Middle East & North Africa Chart Pack

Middle East and North Africa Chart Pack (Apr. 2024)

The escalation of the conflict between Israel and Iran has largely been shrugged off by the oil market and risk premia in the Gulf remain low. Even so, growth will remain weak in the Gulf this year...

24th April 2024 · 1 min read

Middle East & North Africa Economics Weekly

Egypt’s policy shift, Saudi gigaprojects, Morocco GDP

Just over a month ago Egypt’s authorities underwent their dramatic shift to economic orthodoxy and the signs so far are more positive than in previous instances. The pound is more flexible, inflation...

11th April 2024 · 7 mins read