Economy
Iran
The expansionary FY2010/11 budget (note: Iranian years begin in March) that Iran's parliament approved on March 8 will ensure that the central government once again turns out a large...
2010-03-10United Arab Emirates
We estimate that last year, the current account balance dropped into negative territory for the first time since 1998, to the tune of US$1.7bn (0.8% of GDP). Higher oil prices in...
2010-02-26United Arab Emirates
The tick up in the Emirates Interbank Offered Rate (EIBOR) over recent weeks is a warning sign that confidence and liquidity within the banking system may be waning. Three-month EIBOR...
2010-02-26Kuwait
We are standing by our projections and continue to see sluggish, though positive, Kuwaiti real GDP growth over the coming years. We forecast growth to come in at 1.7% and 1.1% in...
2010-02-25Saudi Arabia
Saudi Arabia's current account will continue to outperform by historical and comparative standards. After a small hiccup in 2009, when we estimate that the current account surplus...
2010-02-25Iran
We have recently lowered our FY2010/11 and FY2011/12 (note: Iranian years begin in March) real GDP growth forecasts for Iran to 2.1% and 3.4% respectively, from 3.4% and 3.7% previously....
2010-02-24Iraq
Consumer price inflation (CPI) came in at -4.4% y-o-y in December 2009, bringing the average annual CPI rate to -2.8% for 2009. Core inflation, which excludes fuel costs, averaged...
2010-02-24Kuwait
As the global economic recovery gains pace, Kuwait should consolidate the trends we have highlighted (and predicted) in our last Business Forecast Report: GDP growth will recover,...
2010-02-19
