United Arab Emirates

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

BMI View: Recent comments from Moody's add weight to our view that Dubai is most at risk of contagion from the global financial crisis. This could mean an increasing number of foreign... 2008-10-02

The refusal of US Congress to pass Treasury Secretary Henry Paulson's proposed US$700bn bail-out plan could potentially have very serious ramifications worldwide, and the Gulf region,... 2008-09-30

An injection of cash by the central bank has so far had little impact on either lending rates or equities. With negative global sentiment weighing on the market and access to finance... 2008-09-23

We do not see the current liquidity crunch that is pervading the Gulf at the moment as particularly linked to the global cash crisis. More positively, it is the result of strong demand... 2008-08-19

The weekend has seen some spectacular losses in the Gulf stock markets, in line with our bearish view. There is not much to pick between them: they all look as bad as each other,... 2008-08-11

We remain cautious UAE stocks, with even our preferred Abu Dhabi Securities Market (ADSM) looking weak. As the daily chart below shows, the ADSM is currently trading around short-term... 2008-08-05