Kuwait

Rhetoric over the proposed single GCC currency has intensified of late, with a recent summit concluding that the monetary unification will go ahead on schedule in 2010. Clearly, such... 2009-01-06

The Kuwait Stock Exchange General Index is approaching key support at 8,000, and we do not hold out much hope of a bounce at this stage. The macroeconomic outlook continues to deteriorate... 2008-12-22

Could 2009 mark the beginning for the recovery for GCC financial markets? We are not convinced yet, given our view that oil prices could fall further, and against the backdrop of... 2008-12-16

BMI View: Government measures are likely to have only a temporary reviving effect on Kuwaiti markets, but in the event of a sustained break above 9,000, the outlook for the stock... 2008-11-19

BMI View: The financial crisis has raised important questions about the Islamic finance industry, and we remain bearish Gulf sukuk, a position we first adopted in August 2007.

Interbank deposit rates in the Gulf have eased slightly after central banks followed the US Fed's 50bps rate cut this week, but we think the liquidity crisis has further to run, and... 2008-10-31

Interbank deposit rates in the Gulf have eased slightly after central banks followed the US Fed's 50bps rate cut this week, but we think the liquidity crisis has further to run, and... 2008-10-31

We may see some further stock market upside in the Gulf this morning, following the Dow Jones rally. Upward moves have tended to be fairly short-lived in these volatile times, but... 2008-10-29

In line with our view of Middle Eastern equity markets in general, we remain bearish the Amman Stock Exchange (ASE). In early September, when the index was at 9,737, we highlighted... 2008-10-28

BMI View: The basket peg arrangement will start to serve Kuwait better now that the dollar is strengthening, by reducing the cost of euro-denominated imports. However, the central... 2008-10-24