Choose your website and language

Emirates NBD International

United Arab Emirates
English - عربي

Saudi Arabia
English - عربي

Egypt
English - عربي

Singapore
English - عربي

United Kingdom
English

India
English

Our Websites

SkyShopper.com
English

Emirates NBD Asset Management
English - عربي

Emirates NBD Research
English

Emirates NBD Securities
English - عربي

Emirates NBD Properties
English - عربي

ENBD Reit
English - عربي

Liv.
English - عربي

E20.
English

Welcome to Emirates NBD Research

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

About Us

UAE corporate tax to help diversify budget revenues

The UAE announced the introduction of corporate income tax in 2022 to come into effect in H2 2023.

ECONOMICS, GCC MACRO - 27.02.2023

Monthly Insights - March

A round-up of our latest research and forecasts for March

ECONOMICS, MARKETS - 24.03.2023

Fed goes for a dovish hike

Inflation is still the priority but we are nearing the end of the hiking cycle.

MARKETS, FIXED INCOME - 23.03.2023

US oil activity slumps

The outlook for major production increases is worsening.

MARKETS, COMMODITIES - 30.03.2023

Daily Outlook

Headline inflation slows in Germany and Spain but core remains high
31.03.2023

Sheikh Khaled appointed as Abu Dhabi crown prince
30.03.2023

US consumer confidence ticks up despite banking sector turmoil
29.03.2023

UAE GDP growth expected to reach 3.9% in 2023
28.03.2023

Evidence of economic resilience in UK retail sales
27.03.2023

US macro scorecard - February

A round up of the most followed macroeconomic data points from the US

ECONOMICS, US - 29.03.2023

Central banks hold the line on inflation

Rate-hiking cycle may be nearing end as bank stress leads to tighter credit conditions

MEDIA, ECONOMICS - 27.03.2023

UAE: Budget surplus exceeded 10% of GDP in 2022

Growth estimate for last year is revised higher.

ECONOMICS, UAE - 24.03.2023

Commodities to ride out storm of financial market stress

Fundamental picture holds while prices endure volatility

MARKETS, COMMODITIES - 22.03.2023

Saudi Arabia: 2023 budget estimate revised lower

We now expect a lower average oil price of USD 88 per barrel in 2023. The growth outlook remains unchanged however.

ECONOMICS, GCC MACRO - 20.03.2023

Fed to set rates in fraught conditions

Inflation is still the main challenge even amid stress in financial markets.

MARKETS, FIXED INCOME - 20.03.2023

Rail network to boost UAE freight transport sector

The development of the rail network in the UAE will support ongoing growth in the important freight transport sector

ECONOMICS, GCC MACRO - 17.03.2023

PMIs

Dubai PMI slower but still strong in February
09.03.2023

Dubai PMI slows in January
09.02.2023

Regional PMIs: UAE and Saudi Arabia sustain robust expansions
06.02.2023

Dubai PMI picks up in December
10.01.2023

Regional PMIs: UAE and Saudi Arabia maintain expansion despite global slowdown
04.01.2023

Oil markets break out of trading range

Stress in financial markets adds a near term negative amid a still constructive outlook for prices.

MARKETS, COMMODITIES - 17.03.2023

ECB goes with 50

The bank kept with its large hiking plans even amid stress in financial markets.

MARKETS, FX - 17.03.2023

China rebound fails to enliven metals markets

Financial tightening another headwind in the near term for metals prices.

MARKETS, COMMODITIES - 15.03.2023

Markets suggest Fed is done

But upcoming inflation data will still be key.

MARKETS, FX - 14.03.2023

Dubai PMI slower but still strong in February

The Dubai PMI weakened in February but was still well above the neutral level

ECONOMICS, PMIS - 09.03.2023

Hawkish Powell opens door to a bigger move in March

Upcoming jobs and inflation data will be key for the next move from the Fed.

MARKETS, FIXED INCOME - 08.03.2023

Monthly Insights - February

ECONOMICS, MARKETS - 28.02.2023

US macro scorecard - January

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

ECONOMICS, GLOBAL MACRO - 28.02.2023

The economic impact of the Ukraine war is still evident one year on.

The tightening in financial conditions on the back of rate hikes, as well as increased energy costs, have weighed on global growth.

ECONOMICS, GLOBAL MACRO - 26.02.2023

DUBAI

Rail network to boost UAE freight transport sector

The development of the rail network in the UAE will support ongoing growth in the important freight transport sector

ECONOMICS, GCC MACRO - 17.03.2023

Dubai PMI slower but still strong in February

The Dubai PMI weakened in February but was still well above the neutral level

ECONOMICS, PMIS - 09.03.2023

Dubai Tourism: Robust growth in 2022

Tourism in Dubai rebounded strongly last year, the outlook for this year is more uncertain.

SECTOR ECONOMICS, DUBAI - 22.02.2023

Dubai PMI slows in January

The Dubai headline PMI reading slowed to 54.5 in January, down from 55.2 in December

PMIS, GCC MACRO - 09.02.2023

Dubai PMI picks up in December

The PMI survey for Dubai rose to 55.2 in December, from 54.9 the previous month

PMIS, ECONOMICS - 10.01.2023

Dubai GDP grew 4.6% in the year to September

The emirate is on track to achieve our full year GDP growth forecast of 5.0% in 2022.

ECONOMICS, GCC MACRO - 14.12.2022

Dubai Tourism: Visitor numbers up 134% on 2021 through October

Total visitor numbers still 15% below pre-pandemic levels as China remains constrained by Covid-zero restrictions.

ECONOMICS, DUBAI - 14.12.2022

MARKETS