Middle East & North Africa Chart Pack Saudi oil boom lifts growth in Q3 The Saudi economy appears to have rebounded in the third quarter of the year. Our GDP tracker points towards growth of around 5% y/y, up from 2.7% y/y in Q2. Most of this improvement has come from the... 20th November 2013 · 1 min read
Middle East & North Africa Economics Update Saudi growth accelerates in the third quarter Our Saudi GDP Tracker suggests that the economic rebound continued in Q3, with output rising by around 5% y/y. The oil sector is growing once again while growth in the non-oil sector remains fairly... 12th November 2013 · 1 min read
Middle East & North Africa Economics Update Gulf’s non-oil growth fuelled by hydrocarbons Rapid growth in non-oil sectors has raised some hopes that the Gulf countries may finally be diversifying away from a reliance on hydrocarbons. But as we explain in this Watch, the recent expansion of... 8th November 2013 · 1 min read
Middle East & North Africa Economics Update Tentative signs that the worst may be over for Egypt October’s PMI data provide the first signs that the Egyptian economy may be emerging from the worst of the fallout from the “second revolution”. Meanwhile, the Gulf economies are growing at a healthy... 5th November 2013 · 1 min read
Middle East & North Africa Economics Update Bond markets buoyed by delay to Fed “taper” Bond markets across the MENA region have rallied over the past month as it looks increasingly likely that the US Fed will delay tapering its asset purchases under QE3 until early next year. Elsewhere... 29th October 2013 · 1 min read
Middle East & North Africa Economics Update Saudi economy gathers pace as oil sector returns to growth Having slowed at the start of this year, our Saudi GDP Tracker suggests that the economy has rebounded in recent months. The oil sector is growing once again. Meanwhile, the non-oil sector continues... 25th October 2013 · 1 min read
Middle East & North Africa Economics Update Inflation set to stay subdued across most of the region Easing food inflation and a modest dip in core price pressures have caused headline inflation to fall across much of the MENA region over the past few months. We expect inflation to remain benign in... 24th October 2013 · 1 min read
Middle East & North Africa Economic Outlook Non-oil economies set for recovery The MENA region’s non-oil economies remain fragile, but a recovery of sorts is likely over the next year. In Egypt, growth will be supported by the government’s Gulf-funded stimulus package, while... 17th October 2013 · 1 min read
Middle East & North Africa Economics Update Gulf well insulated from a potential US default News from Washington overnight suggests that the US authorities are edging towards an agreement that would prevent a US default. But even if talks break down, the Gulf economies are probably the best... 15th October 2013 · 1 min read
Middle East & North Africa Economics Update Egypt’s tourism sector bears the brunt of the unrest Tourist arrivals to Egypt have fallen back following the country’s “second revolution” and we estimate that tourist revenues in July and August were $600mn lower than in the same months of last year... 10th October 2013 · 1 min read
Middle East & North Africa Economics Update Gulf economies motoring ahead September’s PMI data point to a marked pick-up in activity in the Gulf’s non-oil sectors, supported by an improving external environment. By contrast, the Egyptian economy is showing little sign of... 3rd October 2013 · 1 min read
Middle East & North Africa Economics Update Should we be concerned about credit growth in the Gulf? Rapid credit growth in the Gulf has fuelled fears that the region is experiencing a credit binge similar to that which culminated in Dubai’s crisis in 2009. But, for now at least, we think that there... 27th September 2013 · 1 min read
Middle East & North Africa Economics Update Equity markets rebound on back of Syria deal & Fed decision Equity markets have recovered some of their earlier lost ground as concerns overWestern military intervention in Syria, as well as fears of a tapering of QE3 by theUS Federal Reserve, have eased. 25th September 2013 · 1 min read
Middle East & North Africa Chart Pack Gulf economies gathering pace Growth in the Gulf States appears to have accelerated in recent months. Oil production has surged in Saudi Arabia and the UAE, at least in part as a response to supply disruptions in Libya. And in the... 18th September 2013 · 1 min read
Middle East & North Africa Economics Update Saudi economy starting to accelerate Our Saudi GDP Tracker suggests that the economy started Q3 on a strong note. The drag from the oil sector has eased, while growth in the non-oil sector has accelerated, supported by rapid credit... 17th September 2013 · 1 min read
Middle East & North Africa Economics Update Saudi economy turning the corner After slowing sharply over the past year or so, the Saudi economy appears to have turned the corner in Q2. The oil sector’s drag on growth is easing while government stimulus is starting to filter... 3rd September 2013 · 1 min read
