Bahrain

We put our bullish view on MENA stocks on hold on March 30, as we waited to see how markets closed the month, and how the news from the G20 summit in London would be received. Broadly,... 2009-04-03

With Asian markets having corrected somewhat overnight, and global sentiment hanging in the balance as the world awaits the outcome of the G20 summit this week, we put our bullish... 2009-03-30

The Saudi Tadawul All-Share index (TASI) has made a strong start to the trading week, but will continue to be driven by global sentiment. As long as the Dow Jones and oil prices continue... 2009-03-23

On August 4th 2008, relatively soon after BMI became bullish the US dollar and bearish oil, we took a look at currencies in the MENA region. We concluded that the indications were... 2009-03-10

We think there could be some upside potential for MENA stock markets over the coming weeks, as global risk appetite makes a (temporary) return. We have identified some positive signals... 2009-02-10

BMI View: Although the Kuwaiti dinar looks set to see further downside, our core view is for the pegs for the five other GCC states to hold. However, 2009 will be a major shock to... 2009-02-03

Our bearish view of GCC equities continues to play out and having recently slashed our growth forecasts for all the GCC states, we do not expect to alter our stance in the short to... 2009-01-19

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

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.