Middle East & North Africa Economics Weekly Fed and the Gulf, Saudi’s GBI inclusion, BAM meeting Central banks in the Gulf followed the Fed by cutting interest rates by 25bp, but the backdrop of lower oil prices is likely to temper the impact of looser monetary policy on credit growth. Meanwhile... 18th September 2025 · 7 mins read
Middle East & North Africa Economic Outlook Regional pick up, but divergence under the surface The Middle East and North Africa is set to record its fastest GDP growth – outside of the post-pandemic recovery – in well over a decade over the course of 2026-27. Egypt and Morocco are emerging as... 18th September 2025 · 22 mins read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (Sep. 2025) EM GDP growth generally held up well in H1 but we think it will soften over the second half of the year as US tariffs, tighter fiscal policy and slowing wage growth bite. The inflation outlook is... 17th September 2025 · 1 min read
Middle East & North Africa Economics Weekly Saudi foreign investment report, OPEC+ decision Media reports picked up on data published by Saudi Arabia this week which showed that 2024 was a record year for foreign direct investment inflows. But this didn’t take account of the fact that there... 11th September 2025 · 7 mins read
Middle East & North Africa Economics Weekly OPEC+ meeting, Saudi debt issuances & housing reforms We suspect that the OPEC+ meeting on Sunday will result in a decision to keep oil production unchanged in October, rather than raise production further. But the risks to oil prices are still skewed to... 4th September 2025 · 8 mins read
Middle East & North Africa Rapid Response Middle East & North Africa PMIs (Aug. ‘25) The whole economy PMIs for August strengthened a little in the Gulf states, though the surveys still suggest that activity private non-oil sectors has softened in Q3. Elsewhere, while Egypt’s PMI fell... 3rd September 2025 · 2 mins read
Middle East & North Africa Chart Pack Middle East & North Africa Chart Pack (Aug. ’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 August 2025 · 1 min read
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
Event MENA Drop-In: The Iran conflict and the implications for Middle East economies 10th March 2026, 1:00PM GMT The Iran conflict has quickly escalated into a regional conflagration, generating significant uncertainty for economic outlooks across the Middle East.
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
