Economic Research

Brent tops $100 again as Gulf shipping targeted 

Oil prices decline further on US administration messaging and SPR release proposals

Brent falls back below $100 as Trump talks of Iran conflict ending soon

Oil prices surge past $100/bbl amid production shutdowns and Strait of Hormuz blockage

US February jobs report weak, but adversely affected by one-offs

Oil shipping constraints put global inventory levels in focus

Trump pledges to facilitate ship passage in the Strait of Hormuz

Oil and gas prices climb as conflict impacts regional energy infrastructure

Oil prices spike to above $80 in early trading

US and Israeli strikes on Iran kill Supreme Leader and trigger broader regional fallout

Saudi Arabia posts widest fiscal deficit in 5 years

Oil prices rally amid escalating US-Iran tensions

US GDP growth misses forecasts and December PCE inflation above expectations

Kuwait's non-oil GDP growth accelerated sharply in Q3 2025

Inflation in Kuwait drops to a five-year low of 2.1% y/y in December

Unemployment in Egypt falls to a historic low, but structural gaps remain

Inflation in Saudi Arabia eases to an 11-month low as food prices soften

Egypt's CBE lowers interest rates by 100 bps and cuts the reserve requirement ratio 

Kuwait draft budget for FY26/27 shows deficit widening to KD9.8 billion

US retail sales unexpectedly stagnate m/m in December but strong on an annual basis 

Abu Dhabi’s GDP growth logs a three-year high in Q3

Saudi Arabia recalibrates Vision 2030, signals more disciplined spending 

Bank of England keeps bank rate unchanged but signals faster rate cuts ahead

Kuwait real estate activity moderates in January after very strong 2025

Kuwait moves ahead with plans to expand oil and gas output capacity

Kuwait's PMI shows non-oil activity making a solid start to the year

Kuwait's Amir reshuffles cabinet, appoints seven new ministers

Trump picks Kevin Warsh for the Fed Chair role after Powell completes his term

FOMC keeps interest rates unchanged as Powell notes diminishing downside risks to labor market 

Kuwait domestic credit growth ends 2025 at a three year high

Kuwait government approves KD1 billion contract to build water treatment plant

Oil prices extend rally on Iran-linked geopolitical risk and supply disruptions

Trump threatens 100% tariffs on Canada for its trade deal with China

Trump removes Europe tariff threat but risk of reescalation remains

Markets suffer steep sell-off as US threatens Europe with new tariffs

IMF upgrades 2026 global economic growth led by the US and China

Trump threatens new tariffs on Europe, Chinese growth slows in Q4

Kuwait's real estate sales hit historic high in 2025, with strong end to the year

UAE bank credit growth hit a more than decade high in November

Strong capital inflows push the Egyptian pound to its strongest since March 2024

Oil prices rise on Iran and Venezuela-linked geopolitical risk

Inflation in Egypt stable in December, reinforcing room for cautious policy easing

US job openings fall to a 14-month low, but the ISM services gauge hits a 14-month high

Egypt's remittances surge and international reserves hit a record high, reinforcing FX buffers

Kuwait's PMI shows activity ending 2025 on a positive note

Oil prices little changed this morning after US's military move on Venezuela

Kuwait's business credit growth continued to power ahead in November

Kuwait's inflation ticked up in September, boosted by surging precious metals prices

US labor market shows further signs of cooling amid mixed set of November data

Saudi inflation eases to a nine-month low in November

Oil prices slumped last week despite escalating US-Venezuela tensions

US jobless claims rise, Warsh becomes frontrunner to be new Fed chair

Fed cuts interest rates by 25 bps as expected, GCC central banks follow

Mixed JOLTS data unlikely to alter the FOMC's rate cut outcome later today

US consumer inflation expectations steady ahead of likely Fed rate cut

Kuwait's core inflation softens to a multi-year low 

UAE PMI hits a nine-month high on surging output and improved hiring

US private payrolls fall in November, but services activity strengthens

PMI shows Kuwait's non-oil activity accelerating in November

US manufacturing activity contracted further in November 

OPEC+ keeps output policy steady; oil prices gained last week

Egypt's economy posts fastest growth in three years in July-Sept period 

Bank credit in Kuwait sees further strong underlying growth in October

Weak US retail sales and consumer confidence signal stalling momentum

Market pricing for a Fed rate cut in December drifts upwards

Oil prices decline on Trump’s Russia-Ukraine peace proposal

S&P upgrades Kuwait sovereign credit rating on reform progress

Egypt's central bank likely to hold rates today as it waits for clearer inflation signals

Saudi authorities look to raise $1billion in private funds for King Salman Park development

Egyptian remittances power ahead, setting the stage for a record-breaking year

Oil prices close higher on geopolitical risk as Russian oil port struck by Ukrainian drones

Trump eases tariffs on food imports as Fed signals a more hawkish stance

US government reopens after record shutdown, political risks still loom

UK's labor market weakens further ahead of the Autumn Budget 

US Senate passes short-term funding deal to reopen the government

Kuwait’s real estate sales rebound in October

Kuwait’s card spending contracts in Q3 amid cautious consumer sentiment

Egypt secures big new land development investment from Qatar

Egypt's business activity in October sees softer contraction

PMIs in Kuwait and Saudi Arabia increase in October with the latter at its highest in 11 years

Kuwait sees strong underlying credit growth in September

ECB keeps rates steady as Eurozone economic growth better than expected in Q3

Fed cuts interest rates by 25 bps and most GCC central banks follow, BoJ holds

Kuwait Q2 GDP growth improves to 1.7% y/y on solid non-oil activity

US Treasury Secretary Bessent shortlists five contenders for Fed Chair role

US-China agreement on a trade framework sets the stage for Trump-Xi Thursday meeting

Softer than expected inflation in US cements a Fed rate cut this week

Oil prices rise after US imposes sanctions on Russian oil producers

IMF upgrades GCC growth outlook on oil sector gains and diversification momentum

Saudi real estate price rises slow in Q3 on declining residential prices

Oil prices post a third weekly decline amid trade and oversupply concerns

S&P cuts France's credit rating even as PM survives no confidence votes

Egypt sets new privatization targets, sees strong tourism growth

IEA sees bigger oil supply glut in 2026 amid surging output

OPEC keeps near-term oil demand and supply growth estimates steady

Trump and Vance strike a reconciliatory tone following the fresh China trade tensions

US markets plunge in response to renewed trade war fears

Egypt's inflation slows in September, but October figure will be key

Kuwait's real estate activity eases in September but up robustly for Q3 overall

French PM resigns, thrusting the country, once again, into political turmoil

OPEC-8 continues to raise supply despite 16-week low in prices

MENA PMIs show mixed trends as Saudi Arabia and UAE rise while Egypt and Kuwait ease

The Central Bank of Egypt is widely expected to deliver another 100 bps rate cut today, continuing its cautious easing path

Kuwait's government issues $11.25bn in debt, much more than expected

Kuwaiti authorities prepare for first international bond sale in eight years 

Brent rises to $70/bbl on Russian supply risks and better-than-expected US economic data

US Q2 growth revised sharply higher, raising questions over further Fed easing

Abu Dhabi property sales strong in Q2 2025

PMI's show mixed signals across major economies

US Fed officials express divergent views on monetary policy

People’s Bank of China holds rates steady despite economic pressures

BoE and BoJ both keep policy rates on hold amid uncertainty

Fed cuts interest rate by 25 bps, GCC central banks follow

US retail sales power ahead, supporting Q3 growth prospects

Saudi inflation ticks up though housing rental price hikes ease

Kuwait cabinet receives long-awaited housing finance law for approval 

Inline US CPI inflation and surging jobless claims keep Fed rate cuts bets intact

Egypt's inflation rate slows to a more than three-year-low in August

Oil prices rise after Israel's strike on Qatar

French PM loses vote of confidence, deepening political crisis

OPEC-8 to commence unwinding second tranche of voluntary cuts from next month

US job market weakens further, raising prospects of a Fed rate cut next week

US manufacturing activity shrinks for the sixth straight month, GCC PMIs mixed

Egypt’s commercial bank NFAs hit 11-year high in July

Oil prices rise for second straight week, OPEC-8 meeting in focus

Central Bank of Egypt cuts rates by 200 bps amid softer inflation

Egypt's Monetary Policy Committee will convene today with the market expecting a cut of at least 100 bps

A record-high for remittances in Egypt, boosting confidence in the external position

Trump fires Fed Governor Cook but the courts will have the final say

Kuwait’s final fiscal accounts show deficit narrowing to just over KD1 billion in FY2024/25

US Fed Chair Powell makes surprising dovish tilt, spurring a market rally

FOMC minutes reveal a growing concern for inflation risk

Egypt’s central bank governor reappointed amid improving investor sentiment

Kuwait's oil output recovering on OPEC-8 supply cut unwinding

Central bankers’ Jackson Hole meeting and flash PMIs key events this week

Saudi inflation eased to five-month low in July

IEA expects record oil supply glut in 2026

US core CPI accelerates, broadly matching expectations

Kuwait's real estate sales hit near 7-year high in July

Egypt's inflation eases to 3-month low in July

UK BoE cuts rates by 25 bps in a hawkish narrow vote split

Trump imposes 25% additional tariffs on India for buying Russian oil 

US services activity stalls in July amid stagflation signals

Gulf PMIs mixed but overall signal further solid growth in July

Kuwait posts strong bank credit growth in June

US job market abruptly weakens, Trump amplifies policy uncertainty

Fed and BoJ both leave rates steady 

US and China agree to continue talks on tariff truce

European stocks slide after EU trade deal with the US

US and EU strike trade deal, with 15% tariff on most EU goods

US July PMI shows rise in business activity alongside higher prices

US vows 15-50% tariffs on most countries, EU may face a 15% rate

US reaches trade agreement with Japan 

Kuwait's population pushes past 5 million for the first time

Kuwait mulls creating huge domestic investment fund

Upbeat data underline resilient US economy and drive US equities higher

Kuwait's GDP returned to growth in Q1

US June core CPI inflation lower than expected but tariffs starting to have an impact on consumer prices

China's Q2 GDP growth beats estimates

China: Growth in exports accelerates in June, beating expectations.

US: Trump increases tariffs on the US’s three-largest trading partners and indicates a 15-20% minimum tariff for all countries.

Egypt: Inflation below expectations in June.

US: Trump announces 50% copper tariff, threatens 200% pharma tariff, and hardens stance on country-specific ones.

Kuwait: Real estate sales rebound in Q2, led by the investment segment.

Kuwait: Real estate sales rebound in Q2, led by the investment segment.

US: Trump’s tariff letters to start going out on Monday; June’s headline job growth higher-than-expected.

Kuwait: PMI solid in June, with employment component at a record high.

US: Senate narrowly passes the tax and spending bill; it now moves to the House.

Kuwait banking credit shows solid growth in business and household sectors.

Oil drops on easing geopolitical risks while Kuwait looks to boost non-oil revenues

Mixed US PCE inflation data, Trump halts trade discussions with Canada over digital tax

Fed's Powell reiterates cautious policy stance citing unclear inflation outlook

Kuwait's Ministry of Finance begins process for $6 billion bond sale

Brent pushes higher this morning on Middle East risk

Oil prices likely to spike following US bombing of Iranian nuclear facilities

Fed holds rates, sees slower growth and higher inflation than before 

US retail sales decline more than forecast but underlying performance stronger 

Bank of Japan holds interest rate steady amid rising uncertainties

Mixed data out of China as oil prices still up this morning

Oil prices soar after Israel attacks Iran

US CPI inflation muted in May despite tariff hikes

Kuwait's real estate sales hit a five-month high in May

Saudi Arabia's GDP growth remained robust in Q1

US labor indicators still robust, 50% metal duties take effect

Kuwait and Saudi PMIs signal solid gains in business activity in May

OPEC-8 accelerates oil supply increases but US-fueled trade uncertainty remains

US tariff chaos continues amid legal proceedings while Trump looks to re-escalate trade frictions

US court blocks most of President Trump's tariffs, markets rally

US consumer confidence rebounds in May

New Kuwait-Saudi oil discovery in the PNZ

Oil prices decline on stock builds and OPEC+ output hike chatter

Central Bank of Egypt cuts interest rates by 100 bps

US equity and bond markets slump amid debt worries

Kuwait's inflation slows to a 4½-year low in April

Kuwait government plans to issue KD3-6 bn in debt this year

Oil prices climb for second straight week on tariff de-escalation

Moody’s cuts US credit rating to Aa1 while inflation worries ease

Trump secures additional economic deals with Qatar

US inflation lower than expected as Trump touts investments from Saudi Arabia  

US-China initial talks result in a substantial drop in tariffs

US-China trade talks make progress, details to be announced today 

US/UK trade framework agreed with the 10% baseline duties remaining

Fed holds interest rates steady, warns of uncertainty and stagflation risks

Non-oil GDP growth in Kuwait records a solid expansion in Q4 24

Egypt's PMI declines in April

Kuwait's credit growth solid in March led by business lending

IMF cuts regional growth outlook, but non-oil prospects still solid 

US GDP contracts as imports spike ahead of tariff hikes

Surging US goods deficit to hit Q1 GDP growth 

Saudi FDI fell in 2024, though progress continues towards Vision goals

Oil prices under pressure amid oversupply and weak demand concerns

Trump may not extend reciprocal tariff pause, seeks further China concessions

US PMIs signal muted business confidence and higher inflation amid economic uncertainty

IMF slashes global economic growth forecasts on tariff-linked deterioration in global trade

"Sell America" trade intensifies as Trump explores removing Fed Chair Powell

Kuwait's inflation rate eases to 2.4% in March

Egypt's central bank cuts interest rates following inflation plunge

Powell sees higher inflation and slowing economy on tariffs

IEA slashes oil demand growth outlook

OPEC lowers demand growth outlook on US tariffs

Brent crude falls to a four-year low amid trade war worries

US looks to provide tariff reprieves, while Fed officials careful on rate cuts

February confirms good start to the year for Kuwait's credit growth, led by business credit

Reciprocal tariffs take effect dashing hopes of delays or exemptions, markets resume steep fall

Trump threatens additional 50% tariffs on China for its retaliation amid market volatility 

Oil prices plunge on tariff and OPEC announcements

Trump’s reciprocal tariffs trigger market meltdown, increase US recession risks

Kuwait approves new public debt law

US consumer confidence slips in March amid persistent inflation concerns

Kuwait's inflation steady at 2.5% in February

Oil prices rise on OPEC+ compensatory cut plans and new Iran-related sanctions

Bank of England keeps rates steady amid rising uncertainties

Fed holds rates, sees two rate cuts in 2025 and flags heightened uncertainty

BoJ keeps interest rates unchanged amid rising uncertainties

Germany’s parliament to vote on defense spending bill

US Treasury Secretary doesn’t rule out recession possibility

Saudi sovereign rating upgraded by S&P on diversification progress

US CPI inflation softer in February but tariff risks loom

US's 25% metal tariffs effective today, drives EU retaliation

Inflation in Egypt plunges in February on a favorable base effect

Fitch affirms Kuwait's sovereign credit rating at 'AA-'

US labor market continues to soften gradually

US service activity unexpectedly quickens but policy-related uncertainties cloud the outlook

Trump reiterates tax and tariff agenda in speech to Congress

US imposes 25% tariffs on Canadian and Mexican goods and a further 10% on Chinese goods

Oil prices decline on oversupply concerns, trade tensions as OPEC+ decision looms

Kuwait bank credit off to a good start in 2025

Upside risks to US inflation could delay rate cuts, Fed minutes show

US mulls sectoral tariffs on auto, pharma, and semiconductors

Saudi Arabia's fiscal deficit widens in 2024

Inflation in Saudi Arabia edged up in January

US reciprocal tariffs and new auto duties to be unveiled in early April

US inflation comes in hotter, casting doubts on Fed rate cuts this year

Saudi Arabia's industrial production rises in December 

Egypt's inflation mostly unchanged at 24% in January

New 25% tariff on US steel and aluminum imports to be announced today

US jobs report solid overall but inflation worries rise

US service activity unexpectedly eases and imports rise 

Kuwait's population growth stable in 2024 but labor force growth slows

Trumps pauses tariffs on Canada and Mexico for one month

Kuwait's government approves the FY25/26 budget with a deficit of KD 6.3 billion

US imposes tariffs on Canada, Mexico and China, and threatens the EU with the same

Growth in Kuwait card transactions eased in Q4 2024

Credit growth in Kuwait rises to 3.7% at end-2024

Brent falls as Trump urges OPEC+ to lower oil prices

Trump ‘demands’ lower interest rates and signals softer anti-China stance

Saudi real estate prices posted further gains in Q4 24

Trump mulling milder-than-expected 10% tariff on US imports from China

Trump declares national energy and border emergencies, but does not impose blanket tariffs

Trump’s inauguration and early policy actions to dominate the limelight this week

IMF keeps global growth forecast for 2025-26 broadly unchanged at 3.3%.

US core CPI inflation cools slightly, easing worries over the outlook

US wholesale inflation comes in softer than expected, focus shifts to the CPI reading due later today

Kuwait's refined oil output reaches all-time high in Q3 2024

US sanctions on Russia push oil prices to three-month high

Inflation in Egypt falls to a two-year low in December

Fed officials more cautious on rate cuts given renewed inflation concerns

US job openings rise to a six-month high and service activity strengthens

Egypt PMI falls back as economy struggles to build momentum

Kuwait PMI signals solid non-oil growth in December

Kuwait's non-oil GDP contracts in Q3, though previous years revised stronger