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Green bond issuance will gradually grow in the Gulf

Location:

GULF STATES

Meanwhile, in the United Arab Emirates (UAE), a surge in green issuance from Emirati banks highlights the growth in a debt market that can help fund efforts to mitigate and adapt…

Turkey’s policy uncertainty will worry investors

Location:

TURKEY

The limited rate hike (annual core inflation is running at 47%) has undermined foreign investors’ hopes that President Recep Tayyip Erdogan’s new economic team would be free to…

Turkey will reduce inflation gradually

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TURKEY

Although the central bank has increased interest rates substantially since June 2023, the effects on economic activity and inflation have been limited. Prices and policy…

Severity of Israel’s downturn hinges on conflict moves

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ISRAEL

Israel’s war with Hamas is taking a growing toll on the economy mainly due to labour shortages. The economy has recovered quickly from previous short wars, but this conflict…

Egypt's external debt looms large

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EGYPT

Meanwhile, the government is struggling with significant accumulated debt, including USD11.8bn that is scheduled to be repaid to the IMF over the next two years alone. The IMF…

Nigeria’s foreign currency supply will grow slowly

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NIGERIA

The move has resulted in official rates depreciating sharply and converging with the parallel market rate; the spread has narrowed to just 16%. The change in policy means that the…

Turkey-Europe economic and business ties will weaken

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TURKEY

That represented a 1.9-percentage-point (pp) rise in import share and a 0.4-pp fall in export share. Turkey's economic and commercial ties with Europe (EU and non-EU) are strong…

Middle East and North African debt fears will rise

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MENA

Like other fuel-importing countries in the Middle East and North Africa (MENA), it has large structural fiscal and current account deficits. These have resulted in climbing…

Mideast countries will still value BRICS membership

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MIDDLE EAST

This is the first time since 2010 that new members have been invited to join the group, signalling growing confidence among ‘middle powers’ and their intent to establish…

Iran is approaching the limits of its oil expansion

Location:

IRAN

Iran’s increasingly skilled sanctions evasion (aided by less intense US enforcement) has made it the second-largest contributor to higher global oil output over the past year…