Middle East & North Africa Economics Update

Moroccan auto industry set to make further strides

Morocco’s automobile sector has gone from strength to strength in the past decade, with production now rivalling some producers in Central and Eastern Europe. With investment from major global...

31st October 2023 · 3 mins read

Middle East & North Africa Chart Pack

Middle East and North Africa Chart Pack (Oct. 2023)

After a sharp slowdown this year, GDP growth across the Middle East and North Africa will improve in 2024 as OPEC+ starts to raise its output quotas and high oil prices allow the Gulf economies to...

24th October 2023 · 1 min read

Middle East & North Africa Chart Pack

Middle East & North Africa Chart Pack (Sep. 23)

After a sharp slowdown this year, GDP growth across the Middle East and North Africa will improve in 2024 as OPEC+ starts to raise its output quotas and high oil prices allow the Gulf economies to...

28th September 2023 · 1 min read

Middle East & North Africa Economic Outlook

Growth prospects for 2024 improving

After a sharp slowdown this year, GDP growth across the Middle East and North Africa will improve in 2024 as OPEC+ starts to raise its output quotas and high oil prices allow the Gulf economies to...

25th September 2023 · 20 mins read

Middle East & North Africa Economics Weekly

Egypt’s presidential election, GCC debt, Morocco-IMF

Speculation is mounting that Egypt may bring forward its presidential election, which would go some way towards explaining policy paralysis around the pound. If this persists and a de facto peg is...

21st September 2023 · 6 mins read

Middle East & North Africa Economics Weekly

Egypt inflation and rates, Morocco quake, new oil f’casts

The further rise in inflation in August means that the Central Bank of Egypt will probably raise interest rates again next week, but investors (and the IMF) will be paying more attention to any news...

14th September 2023 · 6 mins read

Middle East & North Africa Economics Update

Assessing the impact of Morocco’s earthquake

The devastating earthquake that hit Morocco on Friday evening has severe humanitarian consequences, but, from a purely economic standpoint, it should only have a small and short-lived impact on GDP...

11th September 2023 · 4 mins read

Middle East & North Africa Economics Update

Morocco’s public finances stronger than they seem

On the face of it, Morrocco’s public finances are starting to look alarming. The budget deficit has widened and the public debt-to-GDP ratio has jumped by over 10%-pts in less than three years. But a...

30th August 2023 · 4 mins read

Middle East & North Africa Economics Weekly

BRICS Summit, Morocco’s policymaking

Saudi Arabia, the UAE, and Egypt were among six countries to be invited to join the BRICS bloc, which could solidify the shift in their geopolitical alignment towards a China-led bloc . This could...

24th August 2023 · 6 mins read

Middle East & North Africa Chart Pack

Middle East and North Africa Chart Pack (Aug. 2023)

Oil output cuts are driving a sharp slowdown in economic growth across the Gulf. The hit to volumes will more than offset the rebound in oil prices but, for now at least, fiscal policy is being kept...

21st August 2023 · 1 min read

Middle East & North Africa Chart Pack

Middle East and North Africa Chart Pack (July 2023)

This new Chart Pack has been designed to replace our Chart Book in response to client feedback to make our insights more accessible, and with more options to incorporate them into your workflow. Use...

12th July 2023 · 1 min read

Middle East & North Africa Economics Weekly

Saudi oil, UAE energy & mortgages, Morocco GDP

The announcement by Saudi Arabia that it will roll over its voluntary 1mn bpd oil output cut through August has led us to downwardly revise our GDP growth forecast for this year. The UAE has been much...

6th July 2023 · 8 mins read

Middle East & North Africa Economics Weekly

Egypt long-run prospects, Morocco autos, the Hajj

Egypt’s economy is on a path to become the largest in the region by 2050, overtaking Saudi Arabia, but this will hinge on the authorities committing to orthodoxy and undertaking key structural reforms...

28th June 2023 · 6 mins read

Middle East & North Africa Chart Pack

Tourism’s long road to recovery

The hit to tourism in the region from the COVID-19 pandemic finally appears to be over. Receipts and arrivals are now back to, or even above, seasonal norms in almost all countries. This will be...

27th June 2023 · 10 mins read

Middle East & North Africa Economic Outlook

Oil output cuts driving Gulf slowdown

Economic growth across the region will be much weaker this year than last and our forecasts are generally below the consensus. We think regional growth will come in at just 1.4%, one of the weakest...

21st June 2023 · 20 mins read