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Welcome to Emirates NBD Research

We provide clients with in-depth knowledge on regional and financial markets within the global context.

About Us

MENA Quarterly: Q2 2022

A round-up of our key articles and forecasts on the MENA region for Q2 2022

ECONOMICS, MENA MACRO - 28.04.2022

Monthly Insights - April 2022

A round-up of our recent publications and forecasts for April 2022

ECONOMICS, GCC MACRO - 27.04.2022

Gold at risk in near term

Gold is failing to live up to haven status amid broad selling in markets.

MARKETS, COMMODITIES - 13.05.2022

Dubai PMI slips but still strong in April

The Dubai headline PMI dipped slightly from the multi month high seen in March but remained indicative of a robust expansion in the non oil economy

PMIS, UAE PMI - 13.05.2022

Daily Outlook

UK economy shrinks in March
13.05.2022

US inflation slows but still high in April
12.05.2022

German ZEW improves in May
11.05.2022

Global markets remain under pressure
10.05.2022

US jobs market remains on a tear
09.05.2022

Egypt: Inflation rises in April

CPI inflation rose in April

ECONOMICS, MENA MACRO - 10.05.2022

Regional PMIs indicate price pressures

High input prices are weighing on non oil sector private sector activity in the region

PMIS, ECONOMICS - 09.05.2022

OPEC keeps policy unchanged in a tightening market

Supply risks are increasing, setting the scene for volatile oil prices ahead.

MARKETS, COMMODITIES - 06.05.2022

Federal Reserve pushes back against inflation

The Fed hiked policy rates by 50bps with several more large hikes on the cards.

MARKETS, ECONOMICS - 05.05.2022

US macro scorecard - March

A round up of the most widely followed monthly macro data points from the US, compared to expectations and the previous month s results.

ECONOMICS, GLOBAL MACRO - 29.04.2022

Qatar: PMI points to strong non-oil growth

GDP forecast at 5.1% in 2022

ECONOMICS, GCC MACRO - 28.04.2022

Oman: Faster than expected growth in 2021

Oil and gas sector drives recovery

ECONOMICS, GCC MACRO - 27.04.2022

PMIs

Dubai PMI slips but still strong in April
13.05.2022

Regional PMIs indicate price pressures
09.05.2022

Dubai PMI at post-pandemic high
11.04.2022

Regional PMIs mixed in March
05.04.2022

Dubai PMI rises in February as tourism surges
09.03.2022

Kuwait: Fiscal surplus to provide relief from political gridlock

Budget surplus likely to exceed 10% of GDP in 2022

ECONOMICS, GCC MACRO - 28.04.2022

Bahrain: Twin surpluses expected this year

GDP growth forecast at 3.4% in 2022 from 2.2% in 2021.

ECONOMICS, GCC MACRO - 28.04.2022

Jordan: Higher inflation outlook prompts growth downgrade

We have tempered our expectations for a comparatively strong rebound in Jordan this year, lowering our 2022 real GDP growth forecast with households in a far weaker position than we had anticipated.

ECONOMICS, MENA MACRO - 27.04.2022

Iraq: Oil sector outweighing growth challenges elsewhere

Iraq is enjoying an oil windfall as the real economy is being boosted directly by increased oil production.

ECONOMICS, MENA MACRO - 27.04.2022

Oil risks remain on the upside

Covid-19 restrictions in China are limiting demand but supply risks are acute.

MARKETS, COMMODITIES - 26.04.2022

UK: Cost of living crisis starts to bite

The greater than expected slump in UK retail sales in March is evidence that the cost of living crisis is starting to weigh on economies

ECONOMICS, UK - 25.04.2022

Fed to hike by 50bps in May

Risks to US rates this year appear to the upside.

MARKETS, FIXED INCOME - 25.04.2022

UAE: Faster growth and higher inflation in 2022

GDP growth exceeded expectations in 2021

ECONOMICS, GCC MACRO - 25.04.2022

North Africa: Food inflation heading higher

The Ukraine crisis is pushing global food prices higher, with negative implications for North African importers

ECONOMICS, LIBYA - 22.04.2022

DUBAI

Dubai PMI at post-pandemic high

The Dubai PMI survey accelerated to a post pandemic high in March

PMIS, UAE PMI - 11.04.2022

Dubai PMI slips in January

The headline PMI for Dubai slipped in January from the two-and-a-half year high recorded in December as the Omicron variant and supply chain issues weighed on activity.

ECONOMICS, DUBAI ECONOMY TRACKER - 09.02.2022

Dubai GDP grew 6.3% through September 2021

Hospitality and real estate services saw the sharpest rebound from pandemic lows.

ECONOMICS, GCC MACRO - 01.02.2022

Dubai PMI at two-and-a-half year high in December

Improvement in business conditions underpinned by relaxation of travel restrictions, Expo 2020 and strengthening domestic demand.

ECONOMICS, PMIS - 11.01.2022

Dubai Tourism: Adaptability in play

So far, all the tourism statistics for Dubai released through November, prior to the global onset of the Omicron variant, point to very robust recovery across key tourism metrics.

ECONOMICS, MENA MACRO - 05.01.2022

Dubai PMI unchanged at 54.5 in November

Private sector employment declined for the first time since May.

PMIS, ECONOMICS - 12.12.2021

Dubai PMI rises to two-year high in October

Strong output and new order growth registered last month.

PMIS, DUBAI ECONOMY TRACKER - 09.11.2021

MARKETS

Gold at risk in near term

Gold is failing to live up to haven status amid broad selling in markets.

MARKETS, COMMODITIES - 13.05.2022

OPEC keeps policy unchanged in a tightening market

Supply risks are increasing, setting the scene for volatile oil prices ahead.

MARKETS, COMMODITIES - 06.05.2022

MONTHLY INSIGHTS

Monthly Insights - April 2022
27.04.2022

Monthly Insights - March 2022
23.03.2022

Monthly Insights - February 2022
23.02.2022

Monthly Insights - January 2022
18.01.2022

Carbon markets in development in GCC

Carbon markets should help on journey to meet net-zero ambitions.

MARKETS, COMMODITIES - 01.04.2022

US mulls large SPR release

A drawdown on inventories ahead of a pending structural deficit in markets may backfire.

MARKETS, COMMODITIES - 31.03.2022

Recession risk will limit how far Fed can go

The threat of a considerable slowdown in the US and global economy appears acute.

MARKETS, FX - 30.03.2022

OPEC and allies will focus on fundamentals

The alliance of producers will look askance at geopolitics affecting the oil market.

MARKETS, COMMODITIES - 29.03.2022

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