Middle East & North Africa Economics Weekly Trump and MENA: tariffs, dollar pegs, oil, and geopolitics The Middle East and North Africa, for the most part, will be little affected by any direct effects of US President-elect Donald Trump’s proposals to raise tariffs. But, for those with dollar pegs... 7th November 2024 · 8 mins read
Middle East & North Africa Rapid Response PMIs (Oct. 2024) October’s batch of PMIs showed an increase across all of the Gulf economies, although there remained underlying signs that non-oil activity is softening. Elsewhere, Egypt’s survey also improved last... 5th November 2024 · 2 mins read
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 Tunisia election, UAE budget, Saudi King’s health Incumbent Kais Saied won Tunisia's election in an (unsurprising) landslide and his second term will probably see the economy remain on the path towards a messy balance of payments crisis and sovereign... 10th October 2024 · 8 mins read
Middle East & North Africa Economics Weekly War escalates; all eyes on Israel Global headlines this week have been dominated by the escalating conflict in the Middle East and attention is now focussed on Israel and the scale and nature of its response to Iran’s retaliatory... 3rd October 2024 · 8 mins read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Sep. '24) Our 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 output... 30th September 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 Update How will the Fed loosening cycle impact the Gulf? The US Federal Reserve looks certain to start its loosening cycle this evening and, by virtue of their dollar pegs and open capital accounts, central banks across the Gulf will follow suit. Lower... 18th September 2024 · 3 mins read
Middle East & North Africa Economics Weekly OPEC+ fallout, Egypt’s LNG imports, Gulf and the Fed Oil prices continued to fall this week, despite OPEC+’s decision to roll over production cuts. And given the way OPEC+ is now losing market share, we think the case for Saudi Arabia, the group’s de... 12th September 2024 · 7 mins read
Middle East & North Africa Economics Weekly OPEC+ decision, Saudi Arabia’s Article IV, Egypt inflation The recent slide in oil prices has raised the prospect that OPEC+ delays planned increases to output at its meeting next week, but this risks stoking tensions among key members if it means that the... 5th September 2024 · 6 mins read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Aug. '24) Our latest Middle East and North Africa Chart Pack has been updated to reflect the latest data and developments in the region. Growth in the Gulf economies is likely to pick up in the coming quarters... 28th August 2024 · 1 min read
Middle East & North Africa Economics Weekly The global market turmoil and the impact on MENA Financial markets in the Middle East weren’t spared from the global sell-off earlier in the week. There could be a macro impact on the Gulf economies through the fall in oil prices, either via lower... 8th August 2024 · 7 mins read
Middle East & North Africa Economics Update UAE’s to remain the Gulf’s star economy The UAE’s economy has been the strongest performer in the Gulf over the past year or so and a robust non-oil sector should help the UAE retain its crown as the fastest growing economy in the region. 6th August 2024 · 4 mins read
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
