Saudi Arabia

Saudi Arabia is the only one of the GCC markets looking even remotely promising as we move into 2009, with none of the other six main bourses joining their global counterparts in... 2009-01-05

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: 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.

Although we are not convinced that the current bounce in global stock markets will last beyond the immediate term, we see some slightly positive technical signals from two markets... 2008-11-05

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

Recently released figures from the Islamic Finance Information Service (IFIS) concerning global sukuk issuance clearly illustrate our long-held view that the market is not favourable... 2008-10-22

Gulf markets followed their global counterparts in bouncing strongly yesterday, but while we think the uptick may have further to run in the short-term, we are reluctant to call it... 2008-10-14

On August 4, we examined the key implications of a US dollar bounce (which has been our core view since early July) on Middle Eastern currencies. With the greenback having rallied... 2008-10-06