The GCC countries have entered a period of higher interest rates - their US$ currency pegs mean regional central banks mirror US Fed hikes. Our...

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 will take a hit from the Russian invasion of Ukraine through three main channels – tourism, energy prices and financial market disruption –...

Turkey’s unpredictable macro policies could leave the treasury with a sizeable bill stemming from FX-protected lira deposits. The baseline for public...

In 2021, there were 16 Urban Economic Powerhouses in the world (cities with GDP greater than $500bn), but none were located in the Middle East. By...

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...

FDI is in an important pillar of growth and diversification agendas across theMENA region and, in particular, in the GCC. Several countries have set...

Signs of the GCC’s strengthening recovery from the Covid-19 pandemic continue to emerge. The PMI for Dubai rose to its highest level in over two...

The non-oil PMIs for the UAE, Saudi Arabia and Qatar remained in expansionary territory in October, a run that has continued for 11, 14 and 16 months...

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...