Economy

BMI View: Iraq's post-war bounce looks set to continue over the coming years, as real GDP grows by an average 8.5% annually, on the back of strong growth in the non-oil sector and... 2008-05-15

We expect the Central Bank of Iraq (CBI) to maintain its strategy of allowing gradual appreciation of the dinar, while keeping interest rates generally stable, in order to ensure... 2008-05-14

BMI View: While we expect Iraq's external debt burden to rise slightly over the coming years ongoing economic growth and high oil prices will mean that debt as a percentage of GDP... 2008-05-13

BMI View: We continue to forecast strong growth amidst abundant liquidity, government spending, investment, consumer spending and net exports.

We are forecasting export revenues of US$272.1bn in Saudi Arabia in 2008, up 11.7% on 2007 thanks to a surge in global oil prices.

BMI View: In an effort to increase the pace of diversification away from the hydrocarbons sector, as well as create jobs and reduce regional disparities, we welcome the government's... 2008-05-02

BMI View: The UAE looks set to be the hardest hit by infrastructural shortages, but all of the GCC states (barring Qatar) are lacking the necessary power supply: with the cost of... 2008-05-01

Market activity suggests that expectations of an exchange rate change are receding and we have maintained our forecasts for a steady rate of AED3.6725/US$ over the next two years.... 2008-04-29

We expect Iraq to continue its economic recovery over the coming years and record sound real GDP growth rates of 10.6% and 6.6% in 2008 and 2009 respectively, on the back of increased... 2008-04-28

While we expect real GDP growth to slow down to 2.6% in 2008, on the back of a 12.6% decline in the oil sector, growth will pick up again in 2009 to hit 3.4%. This will be mainly... 2008-04-25