Kuwait

We expect the Kuwait Stock Exchange General Index to continue its sharp downward trajectory. The technical picture remains very unappealing: the index did not even pause at long-term... 2008-10-07

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

Another horrible weekend for the GCC stock markets, in line with the bearish view we first promoted around January, and reiterated on Friday. Saudi Arabia led the decline on Saturday,... 2008-09-08

BMI View: Although we think there are good growth prospects for banks throughout the GCC region, we favour the more established financial centres (and better business environments)... 2008-09-03

Last week we reiterated our bearish view towards GCC stocks, with the possible exception of Saudi Arabia, which, we felt, had the worst of its downside behind it. The Tadawul Authorities... 2008-08-27

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

Last week, we suggested that the inflationary pressures that have been sweeping the Middle East and North Africa region may be abating somewhat, potentially allowing Gulf states to... 2008-08-04