MENA Equity Research: MENA high frequency recovery indicators

Research evidence excerpt

MENA Equity Research: MENA high frequency recovery indicators

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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 (such as Luis Schmidt

home delivery, e-commerce and payments), we can potentially gauge the speed of Associate Analyst

recovery from disruption in the underlying economy which has weighed quite heavily on luis.schmidt@ubs.com

certain sectors (such as Real Estate companies). +44-20-7567 0847

Alexander Estefanous, CFA

Latest data shows improvement in most metrics led by Hormuz crossings. Analyst

Latest data post memorandum of understanding between the US and Iran shows Dubai alex.estefanous@ubs.com

+44-20-7567 0508

real estate transactions higher, while air cargo, air seat capacity and hotel occupancy

improving slightly, with the later almost flat YoY in Saudi Arabia and Kuwait (see Figure Ulyana Lenvalskaya

15). Vessels traffic and Hormuz crossings improved, reaching up to 22 oil and gas Analyst

tankers crossing the strait. Saudi remains less disrupted than MENA peers. ulyana.lenvalskaya@ubs.com

+971-443-64776

Dubai real estate: sale and rental transactions at -15% and +1% (vs -30% and Anna Kishmariya

-17% the prior week) in the 7-day average to 24 June, versus the Feb 2026 Analyst

average; anna.kishmariya@ubs.com

+44-20-7568 7999

Air capacity: from Europe at -27% (vs -29% the prior week) as of 23 June;