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ECONOMICS

GCC MACRO

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

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

The GCC and the energy transition

Starting points

ECONOMICS, MARKETS - 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

TRENDING ARTICLES

The GCC and the energy transition
29.05.2023

Additional oil production cuts will weigh on GDP growth in 2023
07.06.2023

Monthly Insights - January
26.01.2023

Dubai PMI slows in January
09.02.2023

Rail network to boost UAE freight transport sector
17.03.2023

Dubai tourism off to a strong start in 2023

Visitor numbers exceeded pre-pandemic levels in February.

ECONOMICS, GCC MACRO - 17.04.2023

Oil production cuts to weigh on GCC growth in 2023

Budget balances will likely be smaller than we had expected at the start of the year also.

ECONOMICS, GCC MACRO - 06.04.2023

Dubai Real Estate – Q1 2023

Looking at the Dubai real estate sector in Q1 2023

ECONOMICS, MENA MACRO - 06.04.2023

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

The UAE PMI rose to a five month high in March. In Saudi Arabia, the PMI fell back from recent highs but remains at elevated levels

PMIS, ECONOMICS - 05.04.2023

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

MUST READ

The GCC and the energy transition
29.05.2023

Adjusted Taylor rule suggests limited further upside risk for the Fed Funds rate
07.06.2023

Additional oil production cuts will weigh on GDP growth in 2023
07.06.2023

Kuwait: Growth will slow in 2023
16.01.2023

Dubai PMI at five month high in March
11.04.2023

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

Regional PMIs: UAE and Saudi Arabia maintain growth momentum

Both the the UAE and Saudi Arabia PMI surveys improved in February

ECONOMICS, PMIS - 06.03.2023

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

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

Regional PMIs: UAE and Saudi Arabia sustain robust expansions

Regional PMI surveys for UAE, KSA, and Egypt

PMIS, GCC MACRO - 06.02.2023

Monthly Insights - January

A round up of our publications and forecasts from January 2023

ECONOMICS, MARKETS - 26.01.2023

UAE Outlook: Growth moderating in 2023

We expect growth in the UAE to settle to a more moderate rate over the next couple of years compared with that seen in 2022

ECONOMICS, GCC MACRO - 26.01.2023

Saudi Arabia: Non oil sector will drive growth

We expect that the growth dynamics in Saudi Arabia will be reversed this year, with the non oil sector taking over as the primary driver

ECONOMICS, GCC MACRO - 24.01.2023

Kuwait: Growth will slow in 2023

Real GDP growth in Kuwait will slow this year as the 2022 gains in oil production are not set to be repeated

ECONOMICS, GCC MACRO - 16.01.2023

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

GCC growth set to outperform many developed markets in 2023

Non-oil growth is expected to slow this year as higher a weaker external backdrop and higher interest rates weigh on demand. Public sector investment will remain supportive however.

ECONOMICS, GCC MACRO - 09.01.2023

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