MENA+ Edition 
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Price pass-through splits the region as UAE and Saudi absorb what Egypt and Qatar can’t
Demand decided who could absorb record price increases
Lebanon hopes for IMF agreement as financial gap law becomes the last obstacle
A full IMFpackage hinges on parliament passing the financial gap law, but there’s no vote scheduled yet
EBRD trims MENA growth on Hormuz and war, but lifts Morocco and Tunisia on the drought’s end
Egypt and Jordan take small hits but keep growing, while Iraq and Lebanon see their contraction forecast accelerate
Bahrain’s interest bill now tops this year’s maturities as the Iran war guts its oil revenue
Bahrain spent USD 2.8 bn servicing its debt in 2025, or 37% of revenue, and its 2026 budget implies USD…
Oil carried Oman’s GDP growth in 1H, but construction, hospitality, and transport all shrank in real terms
FDI fell 44%, and three-quarters of what came in went to oil and gas
Lebanon raises bread prices as fuel costs pile pressure on MENA’s net energy importers
Net energy importers from Beirut to Cairo are running out of room to absorb fuel-price shocks
Widest protests since Assad’s fall put Syrian government fuel price hike on trial
Damascus is trying to close a USD 1 bn budget hole, and is reaching for Saudi tech players to help…
S&P and Fitch keep Jordan and Tunisia stable as donor money and central bank loans hold the line
Both countries are also energy importers who are paying for the war the same way
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