In his final hours at the White House, outgoing US President Donald Trump exempted the United Arab Emirates (UAE) from 10% tariffs on aluminium imports. Two weeks ago, EGA successfully ramped-up production at its new US$3.3bn alumina refinery to its...

Covid-19 second waves, the reliance on Saudi unilaterally shouldering the burden of marginal output restraint, and the fragile nature of Saudi-Russia cooperation tempers our optimism on oil relative to other commodities with secular demand drivers (e...

The Saudi unilateral output cut is obviously positive for oil price short-term and most other oil exporters: Russia in large EM, Qatar in small EM, and Kazakhstan in FM (for those unable to repatriate from Nigeria) are our top oil exporter picks. Oil...

At first glance, the investment implications for the GCC region are neutral because the UAE may not be mirroring Saudi and this may signify a split in approach. For Qatar, even a partial removal of restrictions is positive but, in our view, its inves...

The funds inflow fuss of the inclusion of Kuwait equities in mainstream EM benchmark indices (eg with a c50bp weight in MSCI EM) has now finally passed. For those compelled to own stocks exposed to city-state hydrocarbon economies, better value versu...

Iran may be regarded as recalcitrant by its geopolitical opponents, and even portrayed as rabid by the most virulent amongst those opponents, but investors looking at oil price and the Middle East (Saudi and the GCC, Iraq, Israel, and Lebanon) should...