Middle East & North Africa Economics Weekly UAE keeps up Gulf AI momentum, Qatar-Egypt deal AI-related investments in the UAE this week add to signs that the US is using access to AI technologies to take the Gulf economies away from China’s sphere of influence. It may also reflect the... 6th November 2025 · 8 mins read
Commodities Chart Pack Commodities Chart Pack (Nov. 2025) Plenty of oil on water; revising down our gold forecast While the fallout from US sanctions on Russian oil majors has yet to manifest in the data, Russian seaborne oil exports are strong, and a wider... 5th November 2025 · 1 min read
Europe Economics Update De-risking EU supply chains will be a slow process The EU has prioritised becoming more self-sufficient in the production of critical raw materials. While it is making progress, it is likely to remain heavily dependent on China and China-aligned... 5th November 2025 · 3 mins read
Middle East & North Africa Economics Update Saudi’s worsening twin deficits reinforce need for austerity Saudi Arabia’s twin budget and current account deficits have widened on the back of low oil export receipts and this trend is likely to continue over the coming quarters. While the adjustment to low... 5th November 2025 · 5 mins read
Latin America Economics Weekly Investors cheer Milei’s win, Brazil’s soybeans The strong showing for Milei's LLA party in Argentina's mid-term elections last Sunday has led to a sharp improvement in sentiment and should ease pressure on the peso in the near-term. But the risk... 31st October 2025 · 7 mins read
Commodities Weekly A false dawn for copper? Soybeans deal not a gamechanger The positive mood music surrounding cooling US-China trade tensions has supported a handful of commodity prices, including copper and soybeans. Although copper prices reached an all-time high this... 31st October 2025 · 3 mins read
Middle East & North Africa Rapid Response Saudi Arabia GDP (Q3 2025, Flash Estimate) Saudi Arabia’s economy grew by 1.4% q/q in Q3 according to this morning flash estimate, which translated into a pick-up in the year-on-year growth rate from 3.9% in Q2 to 5.0% - the fastest pace... 30th October 2025 · 2 mins read
Africa Chart Pack Africa Chart Pack (Oct. 2025) Our Africa Chart Pack has been updated with the latest data and our analysis of recent developments. GDP growth across Sub-Saharan Africa is set to accelerate over the next couple of years supported... 29th October 2025 · 0 mins read
Commodities Update Cocoa price falls to offer sweet relief by Halloween 2026 The record-breaking rally that erupted in cocoa almost two years ago appears to be over and prices have fallen back significantly. Speculative trading activity and European cocoa demand are also at... 29th October 2025 · 4 mins read
Commodities Update A primer on AI and electricity demand While data centres will remain a small share of global electricity consumption, the uneven spread of their power demands means their influence on power markets will be felt much more acutely in... 28th October 2025 · 4 mins read
Middle East & North Africa Chart Pack Middle East & North Africa Chart Pack (Oct. 2025) Our Middle East & North Africa Chart Pack has been updated with the latest data and our analysis of recent developments. We expect the Middle East and North Africa to record its fastest rate of GDP... 28th October 2025 · 1 min read
Capital Daily ‘Au’ revoir, gold We doubt the recent pull-back in the price of gold will be unwound. Indeed, our new forecast is that the price will fall to $3,500/oz. by the end of 2026. 27th October 2025 · 4 mins read
Commodities Update Blowing the full-time whistle on the gold rally The latest leg of the gold rally looks like a market bubble that is in its final stages. So unlike some analysts, we are revising our forecasts lower and now expect prices to fall to $3,500 per ounce... 27th October 2025 · 3 mins read
Commodities Weekly Market scepticism over fresh sanctions on Russian oil While the threat of fresh US sanctions on Russian oil producers drove crude prices up by ~8% this week, market participants appear to be treating the risk with a degree of scepticism. That leaves the... 24th October 2025 · 4 mins read
Commodities Update US sanctions on Rosneft and Lukoil up the ante On the face of it, the announcement of sanctions by the US on Rosneft and Lukoil is a major escalation in the targeting of Russia’s energy sector and could be a big enough shock to flip the global oil... 23rd October 2025 · 5 mins read
