Economy

As we move into 2009, the world is looking quite a different place, with a new US president and unprecedented financial crisis making for an interesting global backdrop. For Kuwait,... 2008-11-17

Plummeting real estate stock valuations are indicative of the negative sentiment that has taken hold in the Dubai property market. The tightening of lending conditions by local banks... 2008-11-14

Quarterly Tables For Iraq

BMI View: Saudi Arabia's business climate has improved a lot over recent years, but negative global developments will make it hard for corporate activity in

BMI View: Saudi Arabia will see inflation slip fairly sharply from 2009, but interbank rates will stay high in line with the global reassessment of risk and lower liquidity. The central... 2008-11-07

Real GDP will grow by an average 7.4% annually over the next five years, on the back of increasing oil output and strong growth in the non-oil sector.

The Kuwait Stock Exchange (KSE) General Index has bounced, but we do not think the bottom has been reached just yet, particularly with yesterday's 5.0% drop in the Dow Jones index.... 2008-11-06

BMI View: The Saudis will up spending to counter the oil price slide, but unless oil goes below US$48/bbl on a sustained basis, it will continue to record fiscal surpluses throughout... 2008-11-04

With oil prices approaching US$50/bbl the balance of payments and fiscal outlook for Iran looks increasingly ominous. We forecast that the OPEC Basket price over the next Iranian... 2008-11-03

On October 30, the Central Bank of Iraq (CBI) announced that interest rates would be cut by 100bps, to 15.0%, in order to boost growth. While the CBI's intention is to encourage domestic... 2008-10-31