Israel

It says something when a country's currency rises to a new 11 ½-year high on the same day a hostile rogue state tests out missiles designed to reach its territory. The development... 2008-07-10

In line with our generally negative view of stocks across the Middle East and North Africa, we remain bearish Israel's Tel-Aviv 100 Index (TA-100) which is continuing to gap lower... 2008-07-02

We stand by our medium-term ILS3.0/US$ target for the Israeli shekel, with the latest 25bps rate hike announced by the Bank of Israel yesterday having increased the carry over the... 2008-06-24

Our medium-term bullish stance on the Israeli shekel is unchanged by the downside seen over the last few days. However, we had been anticipating a dollar-led correction, with a year-end... 2008-06-04

We remain bullish the Israeli shekel in the short-term particularly in light of the Bank of Israel's (BoI) decision to raise the key lending rate on 24 December by 25bps to 3.5%.... 2008-05-29

We retain our short-term caution towards Gulf equities given that market volatility, and the ongoing risk of a US recession leading to a global slowdown, remain. That said, markets... 2008-02-07

BMI View: While the Israeli shekel is outperforming the Egyptian pound at the moment, we prefer the pound longer term.

Gulf Stocks… As we suggested last week, the Saudi All-Share Index (SASI) correction has proved short-lived. The index easily avoided support at 10,400, bouncing back to trade at... 2008-01-07

We remain bullish the Israeli shekel in the short-term particularly in light of the Bank of Israel's (BoI) decision to raise the key lending rate on 24 December by 25bps to 4.25%,... 2008-01-04

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.