Kuwait

Although the Kuwait Stock Exchange General Index seems to have found support around the 6,500 area, more bad news from the business and political environment like will do little to... 2009-03-17

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

We have revised down our growth forecast for Kuwait in 2009, making it the only GCC state for which we currently forecast a real GDP contraction (to the tune of 1.0%). For this and... 2009-02-10

In line with our view of Middle Eastern equity markets in general, we have been bearish the Amman Stock Exchange (ASE) since June 2008, when the index had reached record highs. Now,... 2009-02-05

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

Kuwaiti markets continue to look dire, with even the basket-pegged currency looking decidedly shaky. With another bank having declared itself to be in default this week, and the government... 2009-01-09

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