United Arab Emirates

Gulf equity markets are all looking weaker this morning, in line with the renewed bearish call we made last week (see GCC Stocks: More Downside Ahead, July 9). In the light of high... 2008-07-16

The UAE's construction sector will continue to face tighter margins due to rising input costs and a shortage of skilled workers. These supply-side constraints mean that real estate... 2008-07-11

Internal disputes, the inflation problem and a continuing dependence on unpredictable oil revenues all suggest further delays for the Gulf Co-operation Council (GCC) currency union

We are sticking to our core monetary policy scenario, namely a continuation of the dollar peg. Although a revaluation is looking more attractive, the central bank appears determined... 2008-07-07

A number of new credit facilities announced by Gulf central banks should boost liquidity in the sukuk market, and are a sign of the Islamic banking sector's increasing maturity. Given... 2008-06-10

The introduction of VAT in the UAE will help diversify the fiscal base, which has become increasingly reliant on oil and gas revenues. However, increasing taxation will undoubtedly... 2008-06-04

Recent technical signals indicate that the Gulf sukuk market is starting to recover from the recent bout of global risk aversion, as in recent months the price of the Dubai Global... 2008-06-03

We retain our cautious view towards Gulf equities in general, although some markets are looking better than others, in light of ongoing market volatility and the increased risk of... 2008-02-13

BMI View: With oil prices set to remain high, thus supporting large current account surpluses and reserve accumulation, we expect the current growth in Gulf Sovereign Wealth Funds... 2008-01-24

With the US Federal Reserve cutting rates by 25bps to 4.25% yesterday we examine the implications of the move on the Middle East region.