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 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’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 Middle East & North Africa PMIs (Jun. ’25) June’s batch of whole economy PMIs showed a strong outturn for the Gulf’s non-oil sectors despite the coinciding escalation of the Iran-Israel conflict. Tensions have since eased, but there may be a... 3rd July 2025 · 2 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 Economics Update The Iran conflict and the impact on the Gulf The Gulf economies are vulnerable if Iran decides to attack oil infrastructure in the region, or block the Strait of Hormuz, in retaliation for the strikes by Israel and the US. So long as that is... 23rd June 2025 · 4 mins 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 Weekly MENA Weekly: Counting the economic cost of the Iran-Israel conflict Israel and Iran have continued to trade strikes over the past week, which is likely to exact a high cost on Iran’s own economy. But for the Gulf economies, so long as they don’t become embroiled in... 19th June 2025 · 8 mins read
Middle East & North Africa Economics Update MENA PMIs: a soft year ahead for Gulf non-oil sectors May’s batch of PMIs across the Gulf point to a softer Q2 for non-oil sectors and the backdrop of lower oil prices will likely result in less fiscal support and weaker confidence that add to the... 4th June 2025 · 2 mins read
Middle East & North Africa Chart Pack Middle East & North Africa Chart Pack (May '25) Our Middle East & North Africa Chart Pack has been updated with the latest data and our analysis of recent developments. The decision by OPEC+ to follow up May’s faster rise in oil production with a... 15th May 2025 · 1 min read
Middle East & North Africa Economics Focus Trump arrives in a much-changed Middle East Donald Trump has arrived in the Middle East and changes in the power and influence of the region’s actors mean that he will find a very different region to the one during his last visit in 2017. Iran... 13th May 2025 · 14 mins read
Middle East & North Africa Economics Weekly MENA Weekly: OPEC+ goes bold, Trump heads to the Gulf OPEC+’s decision to speed up the pace of oil output increases will help the Gulf members to recapture market share over the next few years, while also providing a boost to headline GDP growth... 8th May 2025 · 8 mins read
Middle East & North Africa Economics Weekly MENA Weekly: OPEC+, Saudi-US nuclear talks, Egypt-Qatar investment OPEC+’s new compensatory cuts appear to a sign of the larger Gulf states seeking to regain market share from the group’s overproducers. But a renewed fall in oil prices could derail these plans... 17th April 2025 · 6 mins read
Middle East & North Africa Chart Pack Middle East & North Africa Chart Pack (Apr. '25) Our Middle East & North Africa Economics Chart Pack has been updated with the latest data and our analysis of recent developments. The direct impact of Trump’s trade war on the region is likely to be... 16th April 2025 · 0 mins read
Middle East & North Africa Economics Weekly How might the Gulf respond to the slip in oil prices? President Trump’s tariffs and OPEC+’s surprise oil output hike has sent oil prices tumbling over the past two weeks and, despite a recovery yesterday, are now below breakeven fiscal and external... 10th April 2025 · 8 mins read
Middle East & North Africa Economics Update Oil needs to fall a long way before Gulf’s pegs are at risk Oil prices have now fallen well below the level needed to balance current accounts across much of the Gulf, which may raise concerns about the sustainability of the region’s dollar pegs. And, indeed... 9th April 2025 · 3 mins read
