Commodities Rapid Response

“Economic D-Day” Sanctions (Aug. 2026)

The announcement of the “greatest financial offensive ever” by the US ups the ante on Iran and could widen the divide between factions in the country. But with the renewed US naval blockade already...

24th August 2026 · 3 mins read

Middle East & North Africa Rapid Response

Egypt Interest Rate Announcement (Aug.)

The Central Bank of Egypt left its policy rate unchanged at 19.00% for a fourth consecutive meeting today but, so long as oil prices drop back as we anticipate, we think officials will be able to...

20th August 2026 · 2 mins read

Middle East & North Africa Rapid Response

Saudi Arabia GDP (Q2 2026, Flash Estimate)

The 4.8% y/y contraction in Saudi GDP for Q2 (down from growth of 3.0% y/y in Q1) was not as bad as we feared but nevertheless confirms that the Iran war has inflicted heavy damage on the Saudi...

30th July 2026 · 2 mins read

Middle East & North Africa Rapid Response

Egypt Interest Rate Announcement (Jul.)

9th July 2026 · 2 mins read

Commodities Rapid Response

The end of the beginning of the energy crisis?

28th May 2026 · 2 mins read

Middle East & North Africa Rapid Response

Egypt Interest Rate Announcement (May 2026)

The Central Bank of Egypt left interest rates unchanged at 19.00% for a second consecutive meeting today and, so long as the Strait of Hormuz reopens relatively soon, officials will probably be...

21st May 2026 · 2 mins read

Middle East & North Africa Rapid Response

Saudi Arabia GDP (Q1 2026, Flash Estimate)

The 1.5% q/q fall in Saudi GDP in Q1 confirmed that spillovers from the Iran war are taking a heavy toll on the economy. This is the flash estimate and the figures could be subject to revision. More...

30th April 2026 · 2 mins read

Commodities Rapid Response

UAE's exit from OPEC could be the thin end of the wedge

28th April 2026 · 2 mins read

Middle East & North Africa Rapid Response

US and Israel strike Iran

The economic fallout from the attacks by the US and Israel on Iran today will depend on how long the conflict lasts, the scale of Iranian retaliation and the spillovers to the oil market. A limited...

28th February 2026 · 2 mins read

Middle East & North Africa Rapid Response

Egypt Interest Rate Announcement (Feb. 2026)

The Central Bank of Egypt (CBE) cut its overnight deposit rate by 100bp, to 19.00%, and sounded more confident that inflation will be brought back to target later this year. This reinforces our view...

12th February 2026 · 2 mins read

Middle East & North Africa Rapid Response

Egypt Consumer Prices (Jan. 2026)

The fall in Egypt’s headline inflation rate from 12.3% y/y in December to 11.9% y/y in January, its weakest pace since September and second weakest since Q1 2022, means that the Central Bank of Egypt...

10th February 2026 · 2 mins read

Middle East & North Africa Rapid Response

Middle East & North Africa PMIs (Jan. 2026)

January’s PMIs from across the region showed that non-oil sectors across much of the Gulf lost momentum against the backdrop of low oil prices and heightened tensions in the region due to the protests...

3rd February 2026 · 3 mins read

Middle East & North Africa Rapid Response

Saudi Arabia Consumer Prices (Dec. '25)

Saudi Arabia’s headline inflation rate edged up to 2.1% y/y in December, but it remains weak by EM standards and we expect it to slow over the course of this year.

15th January 2026 · 2 mins read

Middle East & North Africa Rapid Response

Middle East & North Africa PMIs (Dec. 2025)

December’s batch of PMIs suggested that non-oil sectors in the Gulf softened at the end of last year and we expect this continue over the course of 2026. And while Egypt’s PMI fell back, it continued...

6th January 2026 · 2 mins read

Middle East & North Africa Rapid Response

Saudi Arabia Consumer Prices (Nov. 2025)

Saudi Arabia’s headline inflation rate dropped to a nine-month low of 1.9% y/y in November and we expect it to ease further, and potentially into deflationary territory, over 2026-27.

15th December 2025 · 2 mins read