Analysis and market intelligence on fixed income, forex and equities in Asia, EMEA and Latin America

Middle East & Africa


Latest Stories

Angola / Economy

We believe the authorities will be able to hold the Angolan kwanza steady at AOA90.00/US$ over the coming months, even if the rapid expansion of domestic credit will keep the exchange rate under downside pressure.

2010-03-11

Economy

Our last Sovereign Risk Ratings (SRR) update came against a turbulent moment in Middle Eastern debt markets: we went to print on December 7 2009, two weeks after Dubai World (DW)... 2010-03-11


Libya / Political Risk

We have been following recent developments in Libya with growing concern. Libyan Leader Muammar Qadhafi has ratcheted up his rhetoric against the West amid an ongoing row with Switzerland,... 2010-03-09


Analysis On Fixed Income, Fx & Equity Markets

Angola

We believe the authorities will be able to hold the Angolan kwanza steady at AOA90.00/US$ over the coming months, even if the rapid expansion of domestic credit will keep the exchange... 2010-03-11


Libya

We have been following recent developments in Libya with growing concern. Libyan Leader Muammar Qadhafi has ratcheted up his rhetoric against the West amid an ongoing row with Switzerland,... 2010-03-09


United Arab Emirates

The Dubai Financial Market General Index (DFGMI) may have rallied over the past few days in anticipation of the US$22bn debt restructuring deal that Dubai World is expected to... 2010-03-09


Kuwait

BMI View: A successful restructuring of Investment Dar's defaulted US$100mn sukuk will reduce some of the uncertainty and jitters in Kuwait's lending markets, but the company has... 2010-03-08

BMI Sovereign Ratings

Our last Sovereign Risk Ratings (SRR) update came against a turbulent moment in Middle Eastern debt markets: we went to print on December 7 2009, two weeks after Dubai World (DW)... 2010-03-11


As we move towards the close of 2009, we have rolled over our Sovereign Risk Ratings, so that they now reflect our forecasts and outlook for 2010. This has broadly resulted in upward... 2009-12-03


The latest quarterly update of our Sovereign Risk Ratings (SRR) has seen an across-the-board improvement in creditworthiness for all of the 19 Sub-Saharan African countries we rate.... 2009-11-05


BMI View: While sub-Saharan Africa (SSA)'s Sovereign Risk Ratings have seen modest increases over the past quarter, further improvement in sovereign credit profiles will be slow and... 2009-09-03

Currency Forecasts

South Africa

The South African rand continues to range trade, with key resistance at ZAR7.20/US$ and key support at ZAR7.60/US$ unlikely to be tested over the near term. Indeed, the currency has... 2010-01-20


Kenya

Having weakened in the final two weeks of 2009 due to local seasonal forex demands, the Kenyan shilling has begun to edge higher early in 2010. However, given that the shilling has... 2010-01-14


Tanzania

The Tanzanian shilling remains rangebound, having traded between TZS1,345/US$ and TZS1,280/US$ since February 2009. The bounds of this range represent key technical levels, with a... 2009-12-03


Uganda

In line with the improving state of macroeconomic fundamentals in Uganda and a rise in global risk appetite, the shilling has been strengthening continuously since July 2009. We turned... 2009-11-10