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

Saudi oil policy, Egypt’s debt return, Israel-Lebanon

Saudi Arabia is reportedly set to change tack and raise oil output to recapture lost market share, which would provide a mechanical lift to GDP and the Kingdom is in a strong position to weather any...

26th September 2024 · 7 mins 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 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 Rapid Response

Egypt Consumer Prices (Aug. 2024)

Egypt’s headline inflation strengthened from 25.7% y/y in July to 26.2% y/y in August, breaking a five month streak of decelerating inflation, after electricity and fuel price hikes. We expect...

10th September 2024 · 2 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 Economics Update

Egypt: lessons from history point to Q1 rate cut

Attention in Egypt is turning to the timing of the first interest rate cut. The lessons from the start of the last easing cycle in 2018 suggest that this is likely to begin in Q1, which is a little...

3rd September 2024 · 6 mins read

Middle East & North Africa Rapid Response

PMIs (Aug. 2024)

August’s batch of PMIs showed a slightly more positive outturn for the Gulf’s private non-oil sectors, but there was better news from Egypt where its PMI rose back above the 50-mark for the first time...

3rd September 2024 · 2 mins read

Middle East & North Africa Economics Weekly

Libya’s crisis, Egypt’s central bank meeting

The oil market was rocked by two political shocks in the past week: an exchange of missiles between Israel and Hezbollah and a crisis in Libya, which led to cuts to its oil output. At the margin, the...

29th August 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

Ceasefire latest, CBE governor stays on, PIF annual report

The US government has pushed for a ceasefire agreement between Israel and Hamas this week, but an agreement seems some way off still. A deal would benefit Egypt, Jordan and Lebanon, whose economies...

22nd August 2024 · 6 mins 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 Rapid Response

Egypt Consumer Prices (Jul. 2024)

Egypt’s headline inflation slowed from 27.5% y/y in June to 25.7% y/y in July, its lowest rate since December 2022. And this came in spite of recent hikes to the prices of baladi bread and fuel. We...

8th August 2024 · 2 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