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  • GCC budgets – Examining priorities - Updated Thu January 8, 2015

    • Budgets in the GCC are adjusting to new realities as oil prices slump • Fiscal deficits are now a ‘new’ reality after years of surpluses • Budgets are acting as the shock absorber for the economy ...

  • Middle East and North Africa Focus – Adjusting to reality - Updated Wed October 9, 2013

    • Hydrocarbon-based economies are using their fiscal strength to drive near-term growth and diversify their economies to reduce long-term risks. Oil importers are constrained by high domestic subsidy bills and weak investment; this is hampering econ...

  • Local Markets Compendium 2014 - Updated Mon October 7, 2013

    To paraphrase Mark Twain, the reports of the death of EM bond markets have been greatly exaggerated. Increased global allocations to local EM bond markets have been not cyclical but primarily structural in nature, reflecting these markets’ rising ec...



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