Middle East & North Africa Economics Update Bahrain needs to follow Oman’s path to reduce debt fears Oman and Bahrain both recorded sharp increases in their government debt-to-GDP ratios in the second half of the last decade, but while Oman’s public finances have improved dramatically since then... 8th April 2024 · 4 mins read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Mar. 2024) The past month has seen Egypt’s economic crisis turn around with the devaluation of the pound, aggressive interest rate hike, and unlocking of a new IMF deal. There have been false dawns before, but... 27th March 2024 · 1 min read
Middle East & North Africa Economic Outlook A soft 2024, but faster growth around the corner Low oil output in the Gulf will constrain GDP growth over the first half of this year. But as this reverses, growth will pick up and by more than most expect. Elsewhere in Middle East and North Africa... 25th March 2024 · 20 mins read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Feb. 2024) Our Middle East and North Africa Chart Pack has been updated with the latest data and our analysis of recent developments. Economic growth in the Middle East and North Africa will strengthen a little... 26th February 2024 · 1 min read
Middle East & North Africa Economics Update Israel-Hamas spillovers weigh on non-Gulf economies The main spillover to the global economy, so far, from the Israel-Hamas conflict has been major disruptions to shipping, but there has been a bigger and broader economic impact in the MENA region... 20th February 2024 · 5 mins read
Middle East & North Africa Economics Weekly Bahrain dollar bond issuance, Egypt softening the blow Bahrain became the latest EM dollar bond issuer this week, and the $2bn raised will help it to meet large upcoming debt repayments. But officials still need to tighten fiscal policy over the coming... 8th February 2024 · 7 mins read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Jan. 2024) Our Middle East and North Africa Chart Pack has been updated with the latest data and our analysis of recent developments. Economic growth in the Middle East and North Africa will strengthen a little... 30th January 2024 · 1 min read
Middle East & North Africa Economics Weekly Egypt and the IMF, Red Sea disruptions and the Gulf IMF officials have been in Egypt this week to discuss a new financing package and, while no news has emerged yet, the accelerating depreciation of the pound on the parallel market underscores Egypt’s... 25th January 2024 · 7 mins read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Dec. 2023) Our Middle East and North Africa Chart Pack has been updated with the latest data and our analysis of recent developments. Economic growth in the Middle East and North Africa will strengthen a little... 18th December 2023 · 1 min read
Middle East & North Africa Economic Outlook Another year of sluggish growth Economic growth in the Middle East and North Africa will strengthen a little in 2024 but is likely to come in well below consensus expectations. OPEC+’s cautious approach to oil policy will keep a lid... 13th December 2023 · 22 mins read
Middle East & North Africa Economics Weekly COP28 and OPEC+, Saudi secures 2030 World Expo While COP28 is getting underway in Dubai, attention may be drawn instead to events in Vienna today, where OPEC+ has reportedly agreed to reduce its oil production by a further 1mn bpd. This would... 30th November 2023 · 7 mins read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Nov. 2023) Our Middle East and North Africa Chart Pack has been updated with the latest data and our analysis of recent developments After a sharp slowdown this year, GDP growth across the Middle East and North... 28th November 2023 · 1 min read
Middle East & North Africa Economics Weekly OPEC+ drama ensues, Saudi-China currency swap The surprise delay to the OPEC+ meeting to next week has only added to speculation that the slide in oil prices in recent months and the backdrop of the Israel-Hamas conflict could prompt the group to... 23rd November 2023 · 7 mins read
Middle East & North Africa Economics Update How credible are the region’s currency pegs? Persistent balance of payments strains brought pressure on some of the region’s non-oil producing countries who employ fixed exchange rate regimes. FX reserves have been depleted to support currencies... 9th November 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