MENA Equity Research "MENA high frequency recovery indicators" Peace

Research evidence excerpt

MENA Equity Research "MENA high frequency recovery indicators" Peace

Powered by Lab Global17 JulyResearch2026ab Evidence UBS YES

MENA Equity Research Equities

EMEA EmergingMENA high frequency recovery indicators

Financial

Jon Peace

We consolidate a heat map of MENA market activity Analyst

In this note, we use UBS Evidence Lab data to track a number of high frequency metrics jon.peace@ubs.com

in the MENA region. By following weekly data such as real estate transactions, shipping +44-20-7567 0638

and airline flow, hotel occupancy rates, traffic volume and certain app usage, we can Luis Schmidt

potentially gauge the speed of recovery from disruption in the underlying economy. Analyst

Data is generally compared with prior year monthly average to allow for seasonality. luis.schmidt@ubs.com

+44-20-7567 0847

Latest data shows overall resilience Alexander Estefanous, CFA

Latest data shows overall resilience, with Dubai real estate, air seat capacity and hotel Analyst

occupancy rates higher, international arrivals stable, and traffic congestion and air cargo alex.estefanous@ubs.com

+44-20-7567 0508

slightly lower. Hormuz crossings continue, although at lower levels, while vessel traffic

appears stable. Saudi remains less disrupted than MENA peers. Ulyana Lenvalskaya

Analyst

Dubai real estate: sale and rental transactions at -18% and -10% (vs -30% and ulyana.lenvalskaya@ubs.com

-3% the prior week) in the 7-day average to 15 July, versus the Feb 2026 average; +971-443-64776

Air capacity: from Europe at -7% (vs -9% the prior week) as of 13 July, versus the Anna Kishmariya

July 2025 average; Analyst

anna.kishmariya@ubs.com

Air traffic: international arrivals at -15% to -39% (vs -14% to -39% the prior +44-20-7568 7999

week) as of 12 July; Henri Patricot, CFA