Middle East & North Africa Rapid Response PMIs (Jul. 2024) July’s batch of PMIs were softer across the board, adding to signs that activity in private non-hydrocarbon sectors in the Gulf is weakening. Egypt’s PMI also dropped back but, under the hood, there... 5th August 2024 · 2 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’s cabinet reshuffle, PMIs, Oman income tax Egypt’s cabinet reshuffle gave the government a facelift, but it doesn’t look like there will be any U-turns on policymaking – and particularly the fiscal consolidation path. Meanwhile, the batch of... 4th July 2024 · 8 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 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 Rapid Response Middle East & North Africa PMIs (May ‘24) May’s batch of PMIs showed that private non-oil sectors have remained a point of strength in the Gulf economies at the mid-point of Q2 and this is likely to remain the case over the rest of this year... 4th June 2024 · 2 mins read
Middle East & North Africa Economics Update OPEC+ decision to keep a lid on Gulf economies’ growth The decision by OPEC+ to keep oil production lower over the rest of this year means that oil sectors in the Gulf will grow more slowly than we had previously anticipated and we have revised down our... 3rd June 2024 · 3 mins read
Middle East & North Africa Economics Weekly OPEC+ set for crunch talks and Egypt’s fiscal reforms This weekend’s OPEC+ meeting could be a stick or twist moment with markets increasingly believing the group will roll over its quotas and voluntary cuts again. If quotas are extended, that risks... 30th May 2024 · 6 mins read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (May 2024) Low oil output in the Gulf has constrained economic growth so far this year and the upcoming OPEC+ meeting will prove pivotal to the outlook over the rest of this year. Elsewhere in Middle East and... 29th May 2024 · 1 min read
Middle East & North Africa Economics Update Kuwait: déjà vu or the start of something new? The dissolution of Kuwait’s parliament for the fourth time in two years highlights political infighting that has held back the economy for years. While much remains uncertain, there is now a clear... 13th May 2024 · 3 mins read
Middle East & North Africa Economics Weekly UAE ups the ante with OPEC, review of April’s PMIs The UAE has raised its oil production capacity even further in a sign that it wants to raise actual output. But with rumours growing that OPEC+ may extend its current low oil output quotas beyond June... 9th 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 Rapid Response Middle East & North Africa PMIs (March 2024) March's batch of PMIs showed that the Gulf economies continued to outperform those elsewhere, and have enjoyed a strong start to 2024. 3rd April 2024 · 2 mins read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Mar. 2024) The past month has seen Egypt’s economic crisis turn around with the devaluation of the pound, aggressive interest rate hike, and unlocking of a new IMF deal. There have been false dawns before, but... 27th March 2024 · 1 min read
Middle East & North Africa Economic Outlook A soft 2024, but faster growth around the corner Low oil output in the Gulf will constrain GDP growth over the first half of this year. But as this reverses, growth will pick up and by more than most expect. Elsewhere in Middle East and North Africa... 25th March 2024 · 20 mins read
Middle East & North Africa Economics Update Israel-Hamas spillovers weigh on non-Gulf economies The main spillover to the global economy, so far, from the Israel-Hamas conflict has been major disruptions to shipping, but there has been a bigger and broader economic impact in the MENA region... 20th February 2024 · 5 mins read
