Middle East & North Africa Rapid Response Middle East & North Africa PMIs (Jan. 2026) January’s PMIs from across the region showed that non-oil sectors across much of the Gulf lost momentum against the backdrop of low oil prices and heightened tensions in the region due to the protests... 3rd February 2026 · 3 mins read
Middle East & North Africa Economics Weekly The dollar and MENA, US-Iran tensions, Saudi project delays This year's dollar rout has taken Gulf currencies down too, but the impact on inflation is likely to be small - and inflation is very low in any case. Elsewhere, Egypt stands to be a beneficiary from... 29th January 2026 · 7 mins read
Middle East & North Africa Chart Pack Middle East & North Africa Chart Pack (Jan. 2026) Our Middle East & North Africa Economics Chart Pack has been updated with the latest data and our analysis of recent developments. The Middle East and North Africa is set for the fastest pace of GDP... 29th January 2026 · 1 min read
Middle East & North Africa Economics Weekly Egypt’s external gains, Saudi real estate, Saudi-UAE tensions Data released this week showed that Egypt's current account deficit has continued to improve nearly two years on from the policy shift. The growing likelihood of a rebound in Suez Canal traffic will... 22nd January 2026 · 6 mins read
Middle East & North Africa Economics Update The implications of fraying Saudi-UAE ties Frictions between the UAE and Saudi Arabia have broken out into the open in the last few weeks. But even if the situation were to escalate, the near-term economic impact would probably be limited. If... 22nd January 2026 · 5 mins read
Middle East & North Africa Economics Update UAE’s growth to ease but will continue to lead the Gulf The UAE’s economy enjoyed another strong year in 2025. Rising oil output will continue to support headline GDP growth over the coming quarters. And while there are signs that that activity in the rest... 15th January 2026 · 3 mins read
Middle East & North Africa Rapid Response Middle East & North Africa PMIs (Dec. 2025) December’s batch of PMIs suggested that non-oil sectors in the Gulf softened at the end of last year and we expect this continue over the course of 2026. And while Egypt’s PMI fell back, it continued... 6th January 2026 · 2 mins read
Middle East & North Africa Economics Weekly Oil prices, Morocco inflation-targeting, Saudi inflation Brent crude dropped to its lowest level since early 2021 this week, and we think that this trend will persist in 2026. This is not a major concern for the Gulf economies' balance sheets, but it... 18th December 2025 · 8 mins read
Middle East & North Africa Chart Pack Middle East & North Africa Chart Pack (Dec. ’25) Our Middle East & North Africa Chart Pack has been updated with our key calls and forecasts to reflect the latest regional developments. The Middle East and North Africa is set to record its fastest... 9th December 2025 · 1 min read
Middle East & North Africa Economic Outlook Strengthening growth and shifting alignments The Middle East and North Africa is set to record its fastest pace of GDP growth (outside the post-pandemic recovery) since 2011 next year. Continued oil output hikes and the switch on of Qatar’s... 4th December 2025 · 22 mins read
Middle East & North Africa Economics Weekly Dubai real estate, Bahrain-Oman public finances, Egypt rates The surge in prices in Dubai’s real estate sector appears to be prompting developers to take on debt to finance new projects. This echoes events prior to the crisis in 2009, but a re-run seems... 27th November 2025 · 6 mins read
Middle East & North Africa Chart Pack Middle East & North Africa Chart Pack (Nov. '25) Our Middle East & North Africa Chart Pack has been updated with our latest forecasts and calls to reflect key developments across the region. We expect the Middle East and North Africa to record very... 20th November 2025 · 1 min read
Middle East & North Africa Economics Weekly UAE keeps up Gulf AI momentum, Qatar-Egypt deal AI-related investments in the UAE this week add to signs that the US is using access to AI technologies to take the Gulf economies away from China’s sphere of influence. It may also reflect the... 6th November 2025 · 8 mins read
Middle East & North Africa Chart Pack Middle East & North Africa Chart Pack (Oct. 2025) Our Middle East & North Africa Chart Pack has been updated with the latest data and our analysis of recent developments. We expect the Middle East and North Africa to record its fastest rate of GDP... 28th October 2025 · 1 min read
Commodities Update US sanctions on Rosneft and Lukoil up the ante On the face of it, the announcement of sanctions by the US on Rosneft and Lukoil is a major escalation in the targeting of Russia’s energy sector and could be a big enough shock to flip the global oil... 23rd October 2025 · 5 mins read
Middle East & North Africa Economics Weekly Israel-Hamas ceasefire, oil slides, Tunisia’s unorthodoxy persists The ceasefire between Israel and Hamas has, so far, remained intact, which could bring positive spillovers for the likes of Egypt and Jordan. More importantly, however, the war has fundamentally... 16th October 2025 · 6 mins read
