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 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 Economics Update

UAE to top the Gulf growth chart another year running

The UAE’s non-oil sector has seen a strong run of growth recently and we think that robust activity in tourism and retail sectors as well as solid credit growth means that non-oil GDP growth will...

7th July 2025 · 3 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 Economics Weekly

MENA Weekly: Taking stock of the ‘12-Day War'

The Israel-Iran conflict escalated dramatically and, even more quickly, subsided over the past week with the agreement of a ceasefire that has, so far, held. The focus now is on whether Iran pursues...

26th June 2025 · 6 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

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

Middle East & North Africa Economics Weekly

MENA Weekly: OPEC+ hikes, Saudi banks go abroad, Trump’s metals tariffs

OPEC+ opted to stick to a faster pace of oil output increases in July, and Saudi Arabia is now pushing for the group to continue this through to Q4. While this will lift oil GDP growth, the non-oil...

5th June 2025 · 6 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