Marmore MENA Intelligence

Spearheading Actionable Middle East Research Since 2006 | Published Research, Consulting & Customized Services

[Marmore MENA Intelligence @marmoremena]

Marmore Perspectives – Modelling Market Scenarios: Middle East Conflict

How do investors assess market outcomes amid geopolitical uncertainty?

In this episode of Marmore Perspectives, Mr. Ajay Samuel and Ms. Srinithi Ramakrishnan examine potential market scenarios arising from the ongoing Middle East conflict and analyze their implications for GCC equity markets and oil prices.

Watch the discussion to gain insights into how investors can navigate uncertainty, evaluate risks, and prepare for different market outcomes.

📖 Access the full report on our website. https://t.co/juTLjvZwtx

#MarmorePerspectives #GCCMarkets #OilPrices #Geopolitics #ModelingScenarios #Investing

[Marmore MENA Intelligence @marmoremena]

Every GCC economy has entered 2026 with tailwinds. Qatar was on track to grow at 6.09%. The war flipped that to –8.65%. Kuwait and Bahrain’s growth estimates have turned negative too. The UAE GDP growth forecast was revised from 5.01% down to 3.14% — a meaningful cut, and one that still left it the most resilient growth story in the bloc. It reflects a structural composition that was being quietly built for years before anyone anticipated needing it. Our base case is the partial growth recovery through 2026 and normalcy by 2027.
Based on Marmore MENA Intelligence's June 2026 report — "Beyond the Hormuz Shock: Ho the UAE Weathers a New Geopolitical Reality".
https://t.co/veTywPiDnG

#UAE #GCC #Hormuz #IMF #Geopolitics #Qatar

[MARKAZ @MARKAZtweets]

Themes to watch from Markaz’s Sunday morning meeting, presented by Marmore MENA Intelligence, the research arm of Markaz, dated 14.06.2026.

[Marmore MENA Intelligence @marmoremena]

Dubai's equity market has recorded the steepest drawdown of any major benchmark in the current conflict — deeper than the Iraq War did to MSCI World, deeper than Russia–Ukraine did to Abu Dhabi, deeper than anything the DFM itself has seen in a crisis of comparable global scale. The structural case for UAE equities hasn't changed. What has changed is the price of uncertainty — and at 87 days with no clear resolution, that price is still being calculated.
Based on Marmore MENA Intelligence's June 2026 report — "Beyond the Hormuz Shock: Ho the UAE Weathers a New Geopolitical Reality".
https://t.co/veTywPiDnG

#UAEMarkets #DFM #CapitalMarkets #GeopoliticalRisk #GCC #DubaiEconomy

[Marmore MENA Intelligence @marmoremena]

When the Hormuz shock hit, UAE banks were carrying the cleanest balance sheets they had held since before the 2008 financial crisis. That turned out to matter enormously. Capital adequacy at 17.4% — nearly double the Basel III minimum of 10.5%, and consistent at that level since COVID. NPL ratios at 2.2%, down from 5.7% in 2020, representing years of disciplined write-offs and proactive provisioning that quietly rebuilt the system's shock-absorption capacity. Provisioning coverage at 158.7%, meaning the banks hold more in reserves than the total residual stock of impaired assets. Behind all of this: AED 5.4 trillion in combined sector assets — a system large enough to absorb a material shock without requiring emergency intervention.
Based on Marmore MENA Intelligence's June 2026 report — "Beyond the Hormuz Shock: How the UAE Weathers a New Geopolitical Reality".
https://t.co/veTywPiDnG

#UAEBanking #CBUAE #FinancialStability #BankingResilience #CreditRisk #MacroAndMarkets

[M.R. Raghu, CFA FRM, FCMA @mandagolathur]

🌊 Beyond the Hormuz Shock: How the UAE weathers a new geopolitical reality

The U.S.-Iran conflict and the Strait of hashtag#Hormuz blockade have stress-tested every GCC economy — and the UAE is proving most resilient. Ship arrivals collapsed 81%, equity markets fell 14.7%, and the IMF slashed the UAE's 2026 growth forecast from 5% to 3.14%. Yet the UAE's fiscal breakeven oil price of ~$45/bbl, the Habshan-Fujairah pipeline bypass, and a swift AED 1 trillion central bank resilience package are holding the line.

The real battle, though, is psychological. Dubai spent two decades building a "safe haven" brand that commanded a premium in real estate, FDI, and talent. The conflict has naturally prompted investors to reassess risk perceptions around the region — and rebuilding confidence, as always, tends to be a more gradual journey than economic recovery itself.
Our base case: a partial recovery through 2026, full normalcy by 2027.

Based on Marmore MENA Intelligence's June 2026 report — "Beyond the Hormuz Shock"
https://t.co/JuoqJqGzdg

#UAE #GCC #Geopolitics #MiddleEast #DubaiEconomy #MacroEconomics

[Marmore MENA Intelligence @marmoremena]

At Marmore, our greatest strength is our people.

Behind every consulting engagement is a team of passionate professionals driven by curiosity, collaboration, and a commitment to excellence.

Our culture is built on continuous learning, knowledge sharing, innovation, and the opportunity to work on impactful projects across the GCC. From engaging client assignments and thought leadership initiatives to team celebrations and professional development, every day at Marmore offers a chance to learn, grow, and make a difference.

This video offers a glimpse into what makes #LifeAtMarmore special—the people, the culture, and the experiences that shape our journey.

Join us as we continue to create insights, solve challenges, and build the future together.

#LifeAtMarmore #MarmoreMENA #WorkCulture #Consulting #BusinessIntelligence #Research #TeamMarmore #CareerGrowth #MiddleEast #PeopleFirst

[MARKAZ @MARKAZtweets]

Themes to watch from Markaz’s Sunday morning meeting, presented by @marmoremena Intelligence, the research arm of Markaz, dated 07.06.2026.

#Markaz

[MARKAZ @MARKAZtweets]

أصدر "المركز" تقريره الشهري عن أداء الأسواق لشهر أبريل 2026.

اقرأ التقرير في الرابط أدناه:

https://t.co/Jd2fMFdyS4

#المركز

[MARKAZ @MARKAZtweets]

Markaz released its Monthly Market Review report for May 2026.

To read more, click the link below:
https://t.co/N6k8stvYJx

#Markaz

[Marmore MENA Intelligence @marmoremena]

Global trade is highly dependent on the Strait of Hormuz—and recent geopolitical tensions highlight just how vulnerable this critical maritime corridor can be. Our latest Maritime Dashboard shows a sharp decline in vessel traffic and trade volumes through the Strait, with significant knock-on effects across Gulf ports and energy markets. The findings underscore the far-reaching impact that regional conflicts can have on global supply chains, oil markets, and economic stability.
https://t.co/cbVTzlSFmp

#Geopolitics #MaritimeTrade #StraitOfHormuz #EnergyMarkets #SupplyChain #GCC #GlobalTrade

[Marmore MENA Intelligence @marmoremena]

Eid Mubarak, may your life be filled with blessings that bring peace and happiness.

[MARKAZ @MARKAZtweets]

Themes to watch from Markaz’s Sunday morning meeting, presented by Marmore MENA Intelligence, the research arm of Markaz, dated 24.05.2026.

#Markaz

[Marmore MENA Intelligence @marmoremena]

Some people don’t just do great work — they raise the bar for everyone around them. 🏆

We’re thrilled to spotlight two outstanding Marmore team members for their H2 2025 contributions — individuals who embodied what it truly means to lead from wherever you stand.

🏅 Vaibhav Jain — Trailblazer Award
Vaibhav consistently brought strategic thinking and meaningful impact to everything he touched — turning ideas into outcomes with clarity and conviction.

🔥 Keshav Sarawagi — Firestarter Award
Keshav brought the kind of energy and initiative that’s contagious — sparking momentum across projects and inspiring the teams around him to move faster and think bigger.

At Marmore, these awards aren’t just recognition — they’re a reflection of the culture we’re building together: one that values excellence, ownership, and the courage to push forward.

Congratulations, Vaibhav and Keshav. Your dedication makes Marmore better every day. 👏

#Marmore #EmployeeRecognition #TeamExcellence #Consulting #Leadership #Growth #Awards #WorkplaceCulture #BusinessIntelligence #GCC #PeopleFirst

[Marmore MENA Intelligence @marmoremena]

When markets shift fast, and uncertainty is the norm, the clearest competitive advantage a team can have is alignment — knowing exactly where you’re headed and why.

On May 14th, the Marmore MENA Intelligence team gathered for our Town Hall, where our leadership team, led by our CEO, M. R. Raghu, along with senior colleagues Sankara Narayanan, Ajay Samuel, and Karthikeyan Kamatchi, shared a candid look at what lies ahead.

What we talked about:
· Marmore business focus for the next 3 years
· Business verticals and focus areas
· Marmore’s growth roadmap — bold, focused, and research-led
· Deeper innovation, stronger client engagement, and a sharper consulting edge
· Power of Automation and AI
· Career growth and opportunities at Marmore

The energy in the room reminded us of something simple: the best strategies aren’t built in boardrooms alone — they’re built when the entire team is in the conversation.

Thank you to every Marmore team member for showing up with ideas, questions, and a shared drive to build something great. On to the next chapter. 🚀

#Marmore #Townhall #Leadership #Strategy #GCC #BusinessIntelligence #Consulting #MiddleEast #EconomicOutlook #FutureReady #Teamwork

[MARKAZ @MARKAZtweets]

We are happy to announce the H2-2025 issue of "Investor's Vantage", our bi-annual newsletter where you can gain direct insights on the investment world in expertly written articles from our high-caliber team.

Read the full publication:

https://t.co/Bhk96ejbbB

#Markaz

[MARKAZ @MARKAZtweets]

Themes to watch from Markaz’s Sunday morning meeting, presented by Marmore MENA Intelligence, the research arm of Markaz, dated 17.05.2026.

#Markaz

[Marmore MENA Intelligence @marmoremena]

US-Israel-Iran War in Numbers

🚨 War reshapes Gulf trade. The U.S.-Israel-Iran conflict has sent shockwaves through the Strait of Hormuz — the world's oil jugular — slashing ship transits from ~2,600/month to just 158–203 in Mar–Apr 2026.

📉 Trade volumes collapsed 97%. Hormuz transit cargo plummeted from ~106 million metric tons in Feb 2026 to just 3.1–5.1 MMT post-conflict.

🛳️ Gulf ports took the hardest hit. Jebel Ali (UAE) saw arrivals crash 94%, Ras Laffan (Qatar) -77%, and Kuwait's Shuaiba -61% — while Red Sea ports like Yanbu (+67%) and Jeddah (+3%) quietly absorbed diverted traffic.

🛢️ Oil production is disrupted across the region. Saudi Arabia, UAE, Iraq, and Kuwait all showed sharp output declines in Mar 2026, threatening global energy supply chains.

🌍 The Marmore Gulf Trade Disruption Index tells the full story — dropping from a near-normal 93.3 in Feb 2026 to 5.5–7.1 in Mar–Apr, signaling one of the most severe trade disruptions the Middle East has ever recorded.

https://t.co/aU9tjWk6Zh

[Marmore MENA Intelligence @marmoremena]

US-Israel-Iran War in Numbers

🚨 War reshapes Gulf trade. The U.S.-Israel-Iran conflict has sent shockwaves through the Strait of Hormuz — the world's oil jugular — slashing ship transits from ~2,600/month to just 158–203 in Mar–Apr 2026.

📉 Trade volumes collapsed 97%. Hormuz transit cargo plummeted from ~106 million metric tons in Feb 2026 to just 3.1–5.1 MMT post-conflict.

🛳️ Gulf ports took the hardest hit. Jebel Ali (UAE) saw arrivals crash 94%, Ras Laffan (Qatar) -77%, and Kuwait's Shuaiba -61% — while Red Sea ports like Yanbu (+67%) and Jeddah (+3%) quietly absorbed diverted traffic.

🛢️ Oil production is disrupted across the region. Saudi Arabia, UAE, Iraq, and Kuwait all showed sharp output declines in Mar 2026, threatening global energy supply chains.

🌍 The Marmore Gulf Trade Disruption Index tells the full story — dropping from a near-normal 93.3 in Feb 2026 to 5.5–7.1 in Mar–Apr, signaling one of the most severe trade disruptions the Middle East has ever recorded.

https://t.co/aU9tjWk6Zh