Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (Aug. 2025) Our View: The Q2 GDP figures out so far point to robust growth across much of the emerging world, but we think growth will soften over the second half of the year. While growth across much of Asia... 14th August 2025 · 1 min read
Middle East & North Africa Economics Weekly MENA Weekly: Egypt’s central bank governor race & rate cuts, Dubai’s boom The term of the incumbent Central Bank of Egypt governor, Hassan Abdalla, is due to expire next week and, while it is not yet clear if Mr. Abdalla will be kept on or a successor appointed, it will be... 14th August 2025 · 6 mins read
Middle East & North Africa Economics Update Egypt: improved competitiveness easing external strains The Egyptian pound has strengthened so far this year against the dollar, but by most measures the currency looks competitive. This will provide a boost to GDP growth over the coming years and reduce... 12th August 2025 · 4 mins read
Middle East & North Africa Economics Weekly MENA Weekly: Saudi’s austere turn, CBE Monetary Policy Report takeaways Q2 budget figures show that Saudi Arabia's deficit is on track to be larger than the full-year projections set out in the Budget. Officials are turning to fiscal consolidation (via cuts to capital... 7th August 2025 · 8 mins read
Middle East & North Africa Rapid Response Middle East & North Africa PMIs (Aug. ’25) July’s batch of whole economy PMIs were soft across the Gulf as fiscal policy becomes less supportive of non-oil sectors. Elsewhere, Egypt’s economic recovery has continued to strengthen, supported by... 5th August 2025 · 2 mins read
Middle East & North Africa Economics Weekly MENA Weekly: Egypt’s gas import dependency emphasises need for reform Electricity demand in Egypt broke records this week, shining the spotlight back on to the country’s energy landscape. A collapse in domestic gas output in recent years has increased Egypt’s reliance... 31st July 2025 · 6 mins read
Emerging Markets Financial Risk Monitor EM Financial Risk Monitor (Jul. 2025) Most EM currencies have strengthened against the dollar in recent months. Limited external vulnerabilities – our aggregate EM currency crisis risk indicator remains near multi-decade lows – have... 31st July 2025 · 1 min read
Middle East & North Africa Economics Weekly MENA Weekly: Saudi government debt, Egyptian pound Reports this week highlighted the recent sharp rise in Saudi government debt and, while officials are taking steps to tighten fiscal policy, we doubt that they will do enough to prevent it climbing... 24th July 2025 · 7 mins read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Jul. '25) Our Middle East & North Africa Chart Pack has been updated with the latest data and our analysis of recent developments. Oil prices have fallen back in the wake of the Israel-Iran ceasefire and, with... 22nd July 2025 · 1 min read
Middle East & North Africa Economics Weekly MENA Weekly: Egypt-IMF latest, Morocco’s auto and tourism booms The latest IMF Article IV for Egypt released this week noted the country’s reform progress, but also highlighted key areas that require more work, including strengthening central bank independence and... 17th July 2025 · 6 mins read
Middle East & North Africa Economics Weekly MENA Weekly: Egypt’s reform push, OPEC+ decision, Saudi real estate The delay to Egypt’s IMF review is not too concerning for the country’s balance of payments, but it underscores the difficulty of successfully achieving the goals of the privatisation drive. Elsewhere... 10th July 2025 · 7 mins read
Middle East & North Africa Rapid Response Egypt Consumer Prices (Jun. 2025) Egypt’s headline inflation rate slowed from 16.8% y/y in May to 14.9% y/y in June amid a broad-based easing of price pressures and supports our non-consensus view that the Central Bank of Egypt (CBE)... 9th July 2025 · 2 mins read
Middle East & North Africa Economics Weekly MENA Weekly: Q1 data wrap up for Saudi Arabia and Egypt The recent deterioration in Saudi Arabia’s current account deficit is likely to continue on the back of lower oil receipts. While large FX buffers will prevent major macro strains for now, the Kingdom... 3rd July 2025 · 8 mins read
Middle East & North Africa Chart Pack Middle East & North Africa Chart Pack (Jun. '25) Our Middle East & North Africa Chart Pack has been updated with the latest data and our analysis of recent developments. The US-brokered Iran-Israel ceasefire has allayed fears of the conflict... 26th June 2025 · 1 min read
Middle East & North Africa Economic Outlook MENA Outlook: Conflict clouds the outlook The Israel-Iran conflict creates significant uncertainty over the outlook. Our working assumption is that it eases relatively soon, in which case economic growth across the region should pick up. But... 19th June 2025 · 20 mins read
Middle East & North Africa Economics Update Israel-Iran conflict: the macro, geopolitical and oil market fallout The Israel-Iran conflict has continued to escalate. This Update summarises how our views on the macro impact have evolved over the past few days and answers the most frequently asked client questions... 16th June 2025 · 6 mins read
