Middle East Key Analysis

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Growing Energy Connections With China

We see upside risk to the UAE oil production forecast following the joint venture between ADNOC and CNPC, which will bring fresh investment to the country's upstream. The deal also highlights the...

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McDonald's Sales In US Continue To Fall

The global fast food giant McDonald's has had a tough time over the past year, with sales at existing stores failing to exceed growth of 1% year-on-year (y-o-y) since the second quarter of 2013. Same...

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Still Neutral On Levant Equities

We retain our neutral outlook on the Levant's equity markets, with neither Jordan's Amman Stock Exchange (ASE) nor Lebanon's BLOM Index showing any promise of breaking out of their sideways channels.

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Global Commodities Strategy

We are holding to our Brent and WTI price forecasts for 2014. WTI should remain fairly stable and average USD99/bbl, while improving supply will see Brent weaken to average USD104.9/bbl for the year...

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