1 SCB Economic Update
40% probability of a small (3-5%) AED reval in 2007
- The GCC central bank governors's meeting next week is a key focus. While we expect no immediate changes to FX policy to be announced, it is clear that the region is moving in this direction.
- United Arab Emirates: Monday, March 26 - 2007 at 09:06 |
Outlook 2007: From Great to Good
- The outlook for 2007 remains positive. However, growth rates are likely to slow from their stunning pace of the past four years, particularly in the Gulf Cooperation Council countries.
- Middle East: Wednesday, January 17 - 2007 at 12:52 |
Saudi Arabia: Reform continues
- 1) Strong economic performance in 2006. 2) Investments to drive growth going forward. 3) Some formalisation in the political process.
- Wednesday, December 13 - 2006 at 09:53 |
Iran: Troubling times ahead for the economy
- 1) Macroeconomic management continues to deteriorate. 2) Economic expansion is being driven by higher government spending. 3) Current policies unsustainable in the medium-term.
- Wednesday, December 13 - 2006 at 09:42 |
What if this time isn't different?
- In May, we wrote about why we believe this time is different compared to the 1970s/1980s boom-to-bust cycle. There were five main reasons why we believe this is the case, but the most crucial factor is our outlook for oil prices. In this article, we examine the outlook under the assumption that oil prices return to their historical average.
- GCC: Wednesday, December 13 - 2006 at 09:24 |
Syria - Some positive signs amidst daunting challenges
- 1) There have been positive developments on the economic and reform fronts2) Stronger growth and an acceleration of reform still required to increase job opportunities3) Substantial economic and political hurdles lie ahead
- Monday, November 13 - 2006 at 13:00 |
Qatar - The boom continues
- - Economic expansion remains buoyant- Diversification (internally and externally) supports robustness of economy- Teething problems continue, although long-term benefit outweighs any short term difficulties
- Monday, November 13 - 2006 at 12:27 |
Egypt - External soars
- - Strong external performance feeding into the domestic economy- The government is forging ahead with its reform program- There have been significant positive developments on the fiscal front
- Monday, November 13 - 2006 at 12:12 |
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