Middle East & North Africa Economics Weekly COP28 and OPEC+, Saudi secures 2030 World Expo While COP28 is getting underway in Dubai, attention may be drawn instead to events in Vienna today, where OPEC+ has reportedly agreed to reduce its oil production by a further 1mn bpd. This would... 30th November 2023 · 7 mins read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Nov. 2023) Our Middle East and North Africa Chart Pack has been updated with the latest data and our analysis of recent developments After a sharp slowdown this year, GDP growth across the Middle East and North... 28th November 2023 · 1 min read
Middle East & North Africa Economics Weekly OPEC+ drama ensues, Saudi-China currency swap The surprise delay to the OPEC+ meeting to next week has only added to speculation that the slide in oil prices in recent months and the backdrop of the Israel-Hamas conflict could prompt the group to... 23rd November 2023 · 7 mins read
Middle East & North Africa Economics Update How credible are the region’s currency pegs? Persistent balance of payments strains brought pressure on some of the region’s non-oil producing countries who employ fixed exchange rate regimes. FX reserves have been depleted to support currencies... 9th November 2023 · 3 mins read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Oct. 2023) After a sharp slowdown this year, GDP growth across the Middle East and North Africa will improve in 2024 as OPEC+ starts to raise its output quotas and high oil prices allow the Gulf economies to... 24th October 2023 · 1 min read
Middle East & North Africa Chart Pack Middle East & North Africa Chart Pack (Sep. 23) After a sharp slowdown this year, GDP growth across the Middle East and North Africa will improve in 2024 as OPEC+ starts to raise its output quotas and high oil prices allow the Gulf economies to... 28th September 2023 · 1 min read
Middle East & North Africa Economic Outlook Growth prospects for 2024 improving After a sharp slowdown this year, GDP growth across the Middle East and North Africa will improve in 2024 as OPEC+ starts to raise its output quotas and high oil prices allow the Gulf economies to... 25th September 2023 · 20 mins read
Middle East & North Africa Economics Weekly Egypt’s presidential election, GCC debt, Morocco-IMF Speculation is mounting that Egypt may bring forward its presidential election, which would go some way towards explaining policy paralysis around the pound. If this persists and a de facto peg is... 21st September 2023 · 6 mins read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Aug. 2023) Oil output cuts are driving a sharp slowdown in economic growth across the Gulf. The hit to volumes will more than offset the rebound in oil prices but, for now at least, fiscal policy is being kept... 21st August 2023 · 1 min read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (July 2023) This new Chart Pack has been designed to replace our Chart Book in response to client feedback to make our insights more accessible, and with more options to incorporate them into your workflow. Use... 12th July 2023 · 1 min read
Middle East & North Africa Chart Pack Tourism’s long road to recovery The hit to tourism in the region from the COVID-19 pandemic finally appears to be over. Receipts and arrivals are now back to, or even above, seasonal norms in almost all countries. This will be... 27th June 2023 · 10 mins read
Middle East & North Africa Economic Outlook Oil output cuts driving Gulf slowdown Economic growth across the region will be much weaker this year than last and our forecasts are generally below the consensus. We think regional growth will come in at just 1.4%, one of the weakest... 21st June 2023 · 20 mins read
Middle East & North Africa Chart Pack Gulf growth slowing The flash Q1 GDP figures for Saudi Arabia showed the economy grew at its weakest pace in two years at the start of 2023, reflecting the cut in oil production in line with the OPEC+ decision in October... 24th May 2023 · 12 mins read
Middle East & North Africa Economics Update The Gulf: notes from the ground We were in the Gulf last week visiting clients and this Update takes stock of the key talking points that emerged, from a sense of optimism surrounding the Gulf economies to despair and fear regarding... 11th May 2023 · 7 mins read
Middle East & North Africa Economics Weekly Oil prices, Tunisia-IMF, Egypt default concerns The fall in oil prices this week has taken them to a level at which Saudi Arabia will be running a budget deficit and may have closed the door on the prospect of looser fiscal policy in the Gulf. It... 4th May 2023 · 8 mins read
Middle East & North Africa Chart Pack IMF deals in choppy waters Balance of payments strains have prompted Egypt, Morocco and Tunisia to turn to the IMF over the past six months or so, but agreements in Egypt and Tunisia are faltering. The IMF postponed its first... 26th April 2023 · 12 mins read
