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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

OPEC keeps cuts in place until end of 2024

The UAE will operate from a higher baseline estimate.

MARKETS, COMMODITIES - 05.06.2023

The GCC and the energy transition

Starting points

ECONOMICS, MARKETS - 29.05.2023

Adjusted Taylor rule suggests limited further upside risk for the Fed Funds rate

Traditional Taylor rules suggest that the Fed Funds rate could be significantly higher, but once adjusted to reflect policy inertia there appears to be less upside risk

ECONOMICS, GLOBAL MACRO - 07.06.2023

Additional oil production cuts will weigh on GDP growth in 2023

Overall GDP in Saudi Arabia could contract this year if the extra million barrel per day cut is sustained through year-end.

ECONOMICS, GCC MACRO - 07.06.2023

Daily Outlook

US trade deficit widens in April
08.06.2023

Eurozone inflation expectations fall sharply
07.06.2023

US ISM services index disappoints with near-stagnant growth
06.06.2023

US nonfarm payrolls rise by 339K in May
05.06.2023

Eurozone inflation slows further in May
02.06.2023

Dubai: Tourist numbers up 18% in the first four months of 2023

Record number of visitors during Ramadan.

ECONOMICS, DUBAI - 08.06.2023

UAE and KSA PMIs slowing but still strong

The PMI surveys for the UAE and Saudi Arabia both slowed in May compared with April but they remain strong when compared to long run averages

PMIS, ECONOMICS - 05.06.2023

Monthly Insights - May

A round-up of our key research and forecasts in May 2023

ECONOMICS, MARKETS - 30.05.2023

US macro scorecard - April

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

ECONOMICS, US - 30.05.2023

OPEC sets up for a lively meeting

Expanding production cuts could be on the cards

MARKETS, COMMODITIES - 29.05.2023

Dubai: FDI rebounded sharply in 2022

The total value of FDI reached AED 47bn in 2022.

ECONOMICS, DUBAI - 29.05.2023

Oil investors tilting negative

Positioning reflects negative macro narrative more than oil fundamentals.

MARKETS, COMMODITIES - 23.05.2023

PMIs

UAE and KSA PMIs slowing but still strong
05.06.2023

Dubai PMI rises to eight month high in April
09.05.2023

PMIs: UAE and KSA both rise in April
03.05.2023

Dubai PMI at five month high in March
11.04.2023

UAE PMI at five month high while KSA dips but still strong
05.04.2023

US debt ceiling talks could still rattle markets

Treasury Secretary Yellen indicates the deadline for a deal is the end of May.

ECONOMICS, US - 22.05.2023

Dubai PMI rises to eight month high in April

Strong growth in business activity and new work supported by price discounting.

PMIS, GCC MACRO - 09.05.2023

Podcast: Where are interest rates headed?

The outlook for monetary policy is the focus of the latest episode of the Market Matters podcast.

ECONOMICS, MARKETS - 05.05.2023

Fed hikes once more with a pause on the horizon

Risks abound, particularly from the stress in the banking sector in the US.

MARKETS, FX - 04.05.2023

PMIs: UAE and KSA both rise in April

The PMI surveys for both the UAE and Saudi Arabia rose in April, illustrating ongoing strength in regional non-oil private sectors

EGYPT PMI, UAE PMI - 03.05.2023

Saudi Arabia: Private sector credit growth slowed in March

Private sector credit growth slowed in Saudi Arabia in March, while broad money supply accelerated

ECONOMICS, SAUDI ARABIA - 02.05.2023

Monthly Insights - April

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

ECONOMICS, MARKETS - 28.04.2023

US macro scorecard - March

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

ECONOMICS, US - 27.04.2023

Podcast: Etihad Rail

Transport and logistics have played a key role in the development of the UAE economy.

ECONOMICS, UAE - 19.04.2023

DUBAI

Dubai: Tourist numbers up 18% in the first four months of 2023

Record number of visitors during Ramadan.

ECONOMICS, DUBAI - 08.06.2023

Dubai: FDI rebounded sharply in 2022

The total value of FDI reached AED 47bn in 2022.

ECONOMICS, DUBAI - 29.05.2023

Dubai PMI rises to eight month high in April

Strong growth in business activity and new work supported by price discounting.

PMIS, GCC MACRO - 09.05.2023

Dubai tourism off to a strong start in 2023

Visitor numbers exceeded pre-pandemic levels in February.

ECONOMICS, GCC MACRO - 17.04.2023

Dubai PMI at five month high in March

The Dubai PMI rose to a five month high in March

PMIS, ECONOMICS - 11.04.2023

Dubai Real Estate – Q1 2023

Looking at the Dubai real estate sector in Q1 2023

ECONOMICS, MENA MACRO - 06.04.2023

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

MARKETS

OPEC keeps cuts in place until end of 2024

The UAE will operate from a higher baseline estimate.

MARKETS, COMMODITIES - 05.06.2023

The GCC and the energy transition

Starting points

ECONOMICS, MARKETS - 29.05.2023

MONTHLY INSIGHTS

Monthly Insights - May
30.05.2023

Monthly Insights - April
28.04.2023

Monthly Insights - March
24.03.2023

Monthly Insights - February
28.02.2023

Fed hikes once more with a pause on the horizon

Risks abound, particularly from the stress in the banking sector in the US.

MARKETS, FX - 04.05.2023

Monthly Insights - April

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

ECONOMICS, MARKETS - 28.04.2023

New OPEC cuts to tighten markets considerably

Prices set for a rebound in second half of the year.

MARKETS, COMMODITIES - 03.04.2023

US oil activity slumps

The outlook for major production increases is worsening.

MARKETS, COMMODITIES - 30.03.2023