Kuwait

Although we remain very cautious, we note that there may be a ray of light at the end of the inflationary tunnel in the Middle East and North Africa region. We have revised up our... 2008-07-30

BMI View: Despite some good news on the business environment, we are not adjusting our cautious stance on the stock market, which looks like it could face further losses in the short-to-medium... 2008-07-23

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

BMI View: Stocks are looking weak, and with political risk, the potential for lower oil prices and a very turbulent global environment, we see little reason to be positive.

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

The Kuwait Stock Exchange General Index still looks better on a technical basis than many of its regional counterparts, but is now hovering just below trendline support (at around... 2008-07-03

While we remain cautious on some of the Gulf's larger stock markets (notably Saudi Arabia's TASI and Dubai's DFMGI), many of the smaller exchanges are exuding positive signals. We... 2008-06-16

We are forecasting broad stability against the dollar at around KWD0.2735/US$, but with the new basket peg regime (thought to be around 70% US$, with the majority of the remainder... 2008-02-21

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

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