10 November 2026 · Daily briefing
Tuesday briefing — Egypt’s core inflation slows and Oman gets a new IMF growth forecast
By Mina Lawendy · Egypt · Saudi Arabia · UAE · Kuwait · Oman · Qatar
Egypt’s annual core inflation eased even as monthly core prices rose faster. Two Egyptian wind projects reached financial close. Oman’s IMF staff mission projected 4.5% growth in 2026, while Saudi Arabia said its East–West oil pipeline kept operating after an attack.
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What remains uncertain
What to watch
Developments to follow from this edition’s watchlist. These are monitoring points, not assigned probabilities or predicted outcomes.
- Egypt’s central bank is due to publish its October inflation analysis on 15 November, according to Ahram Online.
- Watch for any further operating updates on Saudi Arabia’s East–West pipeline.
- Follow construction milestones for Egypt’s Niat and Rasgha wind farms after financial close.
Egypt · Economy
Egypt’s annual core inflation slows to 13.1%
What happened
Egypt’s October core inflation fell to 13.1% year on year from 14.1% in September, Ahram Online reported, citing the central bank. Monthly core inflation rose from 0.8% to 1.2%.
Why it may matter
Annual and monthly measures moved in opposite directions. CAPMAS’s separate urban headline measure eased to 12.7% year on year.
Egypt research and data · Inflation history · GDP growth history · Interactive dashboard
Egypt · Companies
Alcazar closes financing for two Egyptian wind farms
What happened
Alcazar Energy Partners reached financial close on the Niat and Rasgha wind farms. The 500 MW development has a stated cost of $626 million, including $436 million in debt financing.
Why it may matter
The developer targets commercial operation by end-2028. Egypt’s transmission company has signed 25-year power purchase agreements for both projects.
Egypt research and data · Inflation history · GDP growth history · Interactive dashboard
Saudi Arabia · Economy
Saudi ministry says East–West pipeline kept operating after attack
What happened
Saudi Arabia’s energy ministry said an attack on the East–West pipeline in the Madinah region caused a small fire on 9 November. The fire was extinguished and operations continued, Reuters reported.
Why it may matter
The pipeline carries crude to Yanbu on the Red Sea, giving Saudi Arabia an export route that bypasses the Strait of Hormuz.
- Reuters · public reporting citing the energy ministry
- Saudi Gazette · public reporting of ministry statement
Saudi Arabia research and data · Inflation history · GDP growth history · Interactive dashboard
Saudi Arabia · Companies
Maaden’s third-quarter revenue rises as EBITDA falls
What happened
Saudi Arabian Mining Company reported third-quarter revenue of about $3 billion, up 11% year on year. EBITDA fell 24% to about $900 million.
Why it may matter
Maaden reported record results in gold and growth metals and in aluminium. Group earnings still weakened despite higher sales.
Saudi Arabia research and data · Inflation history · GDP growth history · Interactive dashboard
UAE · Companies
ADNOC Drilling receives two Kuwait offshore rig awards
What happened
ADNOC Drilling received award letters for two rigs from Kuwait Oil Company. The four-year firm term has a combined maximum value of $313.6 million. Operations are expected to begin in late 2027.
Why it may matter
The awards would mark ADNOC Drilling’s first offshore rig operations outside the UAE. The one-year extension option is excluded from the stated value.
UAE research and data · Inflation history · GDP growth history · Interactive dashboard
Kuwait · Policy
Kuwait reviews public finances as IMF mission ends
What happened
Kuwait’s finance minister discussed fiscal sustainability and public finance reform with IMF staff on 9 November, the final day of the mission’s visit, KUNA reported.
Why it may matter
The meeting summary sets out the topics under review. Any specific recommendations would come from the mission’s findings or later policy announcements.
- Kuwait Times · KUNA agency syndication of ministry statement
- Al Jarida · public reporting of ministry statement
Kuwait research and data · Inflation history · GDP growth history · Interactive dashboard
Oman · Economy
IMF staff project 4.5% growth for Oman in 2026
What happened
IMF staff projected 4.5% real GDP growth for Oman in 2026 after their Article IV mission. They cited stronger hydrocarbon activity and forecast non-hydrocarbon growth of 1.4%.
Why it may matter
The full-year figures are staff projections. The mission reported that real GDP had grown 3.8% in the first half of 2026.
- FANA · Oman News Agency syndication of IMF staff outlook
- Times of Oman · public reporting of IMF mission statement
Oman research and data · Inflation history · GDP growth history · Interactive dashboard
Qatar · Markets
Qatar’s benchmark share index rises 0.93%
What happened
Qatar’s benchmark stock index closed 0.93% higher at 10,107.88 on 9 November. Turnover reached QAR568.2 million, and 42 stocks rose against nine that fell, QNA reported.
Why it may matter
The gain reversed the prior session’s 0.51% decline, with advances across most traded stocks.
- QNA · state news agency market report for 9 November
- QNA · state news agency market report for 8 November
Qatar research and data · Inflation history · GDP growth history · Interactive dashboard