The GCC countries have entered a period of higher interest rates - their US$ currency pegs mean regional central banks mirror US Fed hikes. Our...
Maya Senussi
Recent Posts
MENA | Commodity price shock is a mixed blessing for MENA
Posted by Maya Senussi on Mar 14, 2022
Russia's invasion of Ukraine and the evolving global response will be felt in the MENA economies mainly via the impact on commodity prices. Fuel...
Turkey | Outlook sours after Russia invades Ukraine
Posted by Maya Senussi on Feb 25, 2022
Turkey will take a hit from the Russian invasion of Ukraine through three main channels – tourism, energy prices and financial market disruption –...
Turkey | Why the lira scheme may do more harm than good
Posted by Maya Senussi on Feb 2, 2022
Turkey’s unpredictable macro policies could leave the treasury with a sizeable bill stemming from FX-protected lira deposits. The baseline for public...
MENA | Key themes 2022: GCC starts the year on a firm footing
Posted by Maya Senussi on Dec 16, 2021
The Gulf Cooperation Council (GCC) will be one of only two major regions globally (the other being ASEAN) to grow faster – at above 5% – in 2022...
MENA | IMF MENA outlook, Oman ratings, Saudi green plans
Posted by Maya Senussi on Oct 21, 2021
The IMF’s updated GDP growth projection for MENA is largely in line with our baseline, although we are more optimistic than the Fund on the GCC. The...
MENA | Higher oil income to propel GCC diversification efforts
Posted by Maya Senussi on Oct 1, 2021
The GCC recovery built momentum in Q3, thanks to vaccine progress, easing of health restrictions, and higher oil output. However, the bloc’s GDP will...
MENA | Lebanese government; Saudi GDP; UAE subsidies
Posted by Maya Senussi on Sep 16, 2021
After over a year of political impasse, Lebanon has finally formed a government, led by a twice-former prime minister Najib Mikati. The breakthrough...
MENA | Oil prices stabilise, Tunisia’s crisis, Lebanon’s new PM
Posted by Maya Senussi on Jul 29, 2021
Oil prices have stabilised around $75pb following the OPEC+ deal earlier thismonth to taper production cuts starting in August. The improved outlook...
MENA | OPEC+ meeting, Saudi jobless rate, Lebanon fuel prices
Posted by Maya Senussi on Jul 1, 2021
OPEC+ countries could agree an oil output increase of 2m b/d between August and December against the backdrop of rising oil prices. But while demand...