The news for Europe at the start of the year has been mixed. The spread of the Omicron variant has resulted in a predictable surge in infections, in...
United Kingdom | New Covid variant undermines case for December hike
Posted by Andrew Goodwin on Nov 29, 2021
Ordinarily, the strength of recent survey evidence would have tilted the balance further toward a rise in Bank Rate next month. But the discovery of...
MENA | Coronavirus tracker for the GCC – November update
Posted by Scott Livermore on Nov 11, 2021
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...
MENA | Regional PMIs, Saudi revenues rise, OPEC+ talks
Posted by John Payne on Nov 4, 2021
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...
MENA | UAE’s 50 initiatives; Abu Dhabi fees; solid regional PMIs
Posted by Amy McAlister on Sep 9, 2021
New rules on residency visas are just part of the 50 economic initiativesannounced by the UAE to celebrate its golden jubilee. The measures include...
MENA | Saudi Q2 GDP and budget deficit, Egypt inflation
Posted by Ahmad Esam on Aug 13, 2021
Saudi Arabia’s GDP rose 1.5% y/y in Q2 according to the flash estimate. This was mainly driven by a boost from non-oil activity, which increased...
MENA | July PMIs, Oman’s electricity subsidies, Iran inflation
Posted by Ahmad Esam on Aug 5, 2021
The PMIs for Saudi Arabia, the UAE and Qatar all remained in expansionaryterritory in July at 55.8, 54.0 and 52.2 respectively. Both the UAE and...
MENA | OPEC+ talks break down, Saudi tariffs, PMIs
Posted by Amy McAlister on Jul 8, 2021
OPEC+ negotiations to raise oil production in the coming months are indeadlock as the UAE opposed an extension of the deal beyond the current end...
MENA | OPEC+ meeting; regional PMIs and travel rules
Posted by Amy McAlister on Jun 4, 2021
Oil producers in the OPEC+ alliance agreed on Tuesday to stick to the gradual easing of supply curbs through July, as they looked to balance an...
MENA | Saudi and UAE PMIs; Aramco profits; GCC travel
Posted by Aoife Kealey on May 6, 2021
The April PMIs for both Saudi Arabia and the UAE remained in expansionaryterritory, at 55.2 and 52.7 respectively. Continued recovery from the...