EMEA

The interplay of intensifying political risks and external shocks is the common thread running through Trusted Sources' coverage of the three major markets in EMEA: Russia, Turkey and South Africa. Political risk in these countries stems at root from the over-long incumbency of leaders (Presidents Putin and Erdogan) and broader ruling establishments (the ANC) with adverse effects on macroeconomic policy making, institutional development and overall economic performance. The political theme also has market-moving geopolitical dimensions, from the Ukraine crisis to the civil war in Syria - with its broader impacts on the Middle East, where Trusted Sources has now initiated occasional coverage of Iran and Saudi Arabia. We aim to expand this coverage in due course - in the case of Iran, in line with the progress made towards the country's capital market becoming more accessible to cross-border investment flows as sanctions are lifted.

Our EMEA coverage is fuelled by insights from our network of sources and partners with deep experience of the countries' political economy. These inputs are synthesized in our published research reports by our Chief Economist Larry Brainard and, as regards the whole of our Russia - and wider FSU - service which has always been a core Trusted Sources product, by Christopher Granville who also coordinates broader political analysis on the region.

* Saudi Arabia: Issuing debt from a fiscal black hole, Marcus Chenevix, 22 Feb 2017
Fiscal opacity erodes the positive case
Middle East
* Kuwaiti bonds: Wait for the dips, Marcus Chenevix, 19 Jan 2017
Middle East
* Russia-Saudi oil axis: Gain without pain, James Henderson, Christopher Granville, 19 Dec 2016
More of a floor than a motor for the oil price; cynical cheer for Russian assets
Middle East
* GCC: The UAE atop a widening gulf, Marcus Chenevix, 14 Dec 2016
While the market correctly distinguishes sheep from goats, degrees of difference are inadequately priced
Middle East
* The world according to Trump: Russia vs Saudi Arabia, Marcus Chenevix, Christopher Granville, 29 Nov 2016
The strongest new geopolitical market driver now comes from France
Middle East