Decoding the Future of MENA Financial Markets, MENA Market Lab

Denis Collot

Decoding the Future of MENA Financial Markets

MENA Market Lab

Decoding the future of Middle East and North Africa Financial markets

Cross Asset Strategy

<ul><li><p>IMF starts its mission in Cairo.                                                                     </p></li><li><p>Budget deficit widens, Growth accelerating.</p></li><li><p>Shipping companies plan full return through the canal.</p></li></ul>

IMF starts its mission in Cairo.                                                                     Budget deficit widens, Growth accelerating.Shipping companies plan full return through the canal.

<ul><li>OPEC+ confirms production hike’s pause.                                             </li><li>Moody’s upbeat on Saudi Arabia. S&amp;P downgraded Bahrain.</li><li>UAE, credit growth at record pace. SAR forward curve still pushing higher.</li></ul><div style="list-style-type: none;" aria-label="Post UFI"><div style="list-style-type: none;"><div style="list-style-type: none;"><div style="list-style-type: none;"><div style="list-style-type: none;"><div style="list-style-type: none;"><div><a href="https://substack.com/@deniscollot" target="_blank" aria-label="View Denis Collot's profile" rel="noopener"></a></div></div></div></div></div></div></div>

OPEC+ confirms production hike’s pause.                                             Moody’s upbeat on Saudi Arabia. S&amp;P downgraded Bahrain.UAE, credit growth at record pace. SAR forward curve still pushing higher.

<ul><li>CBE left rates unchanged at its last meeting.                                                  </li><li>Will the 3.5bn $ from Qatar Diar motivate the IMF?</li><li>Remittances hit another record. The Pound weakens on repatriation . <div style="list-style-type: none;"><div style="list-style-type: none;"><div style="list-style-type: none;"></div></div></div></li></ul>

CBE left rates unchanged at its last meeting.                                                  Will the 3.5bn $ from Qatar Diar motivate the IMF?Remittances hit another record. The Pound weakens on repatriation . 

<ul><li>Saudi’s Crown Prince successful visit in Washington.                             </li><li>Housing costs still driving inflation in GCC.</li><li>Construction an important part of Saudi activity. FX, watch out for the year-end turn.</li></ul>

Saudi’s Crown Prince successful visit in Washington.                             Housing costs still driving inflation in GCC.Construction an important part of Saudi activity. FX, watch out for the year-end turn.

<ul><li>IMF’s mission in Cairo early December.                           </li><li>CBE sees the financing gap increasing for the next 2 years.</li><li>The Pound deals below 47, best since May 2024. Offshore investors keep buying bills.</li></ul>

IMF’s mission in Cairo early December.                           CBE sees the financing gap increasing for the next 2 years.The Pound deals below 47, best since May 2024. Offshore investors keep buying bills.