Insights › Economic data

Economic datamacro & market backdrop for your theses — every figure sourced and dated

Period: 12 months

Rates & currency12-month trend · source · next release

UAE policy rateUAE

EIBOR-linked · as of 28 Aug · CBUAE

4.40%

▼ 10 bpsnext 17 Sep

Saudi policy rateKSA

repo · as of 28 Aug · SAMA

5.00%

▼ 25 bpsnext 17 Sep

USD / AEDUAE

pegged · CBUAE

3.6725

— flat

USD / SARKSA

pegged · SAMA

3.7500

— flat

USD / EGPEgypt

floating · matters for Egypt expansion · CBE

51.6

▼ 7% YoYdaily

Brent crudeGlobal

energy backdrop · sovereign budgets · ICE

$78/bbl

▼ 2.1%daily

Growth & inflation12-month trend · source · next release

UAE real GDP growthUAE

2026E · annual · IMF WEO

3.9%

▲ 0.3 ppOct WEO

Saudi real GDP growthKSA

2026E · non-oil 4.9% · IMF · GASTAT

4.4%

▲ 0.6 ppOct WEO

Egypt real GDP growthEgypt

FY26E · IMF WEO

4.2%

▲ 1.2 ppOct WEO

UAE inflation · CPIUAE

yoy · FCSC

2.1%

—next 12 Sep

KSA inflation · CPIKSA

yoy · GASTAT

1.9%

—next 15 Sep

UAE non-oil PMIUAE

>50 = expansion · S&P Global

54.2

▲ 0.8next 3 Sep

Venture & capital markets · MENAthe market your pacing and pricing sit in

MAGNiTT · Q2 26 · next 15 Oct

Quarterly VC funding — MENA $B · MAGNiTT

$1.1BQ3'24

$1.4BQ4'24

$1.2BQ1'25

$1.5BQ2'25

$1.3BQ3'25

$1.6BQ4'25

$1.7BQ1'26

$1.98BQ2'26

Round medians & your position

StageMedianQoQOur avg

Seed$2.4mm+9%$2.1mm

Series A$8.1mmflat$3.5mm · co-lead

Series B$22mm+12%—

Deal count · Q2218+6%5 YTD

Median Series A pre-money$34mm+8%Tamweel $52mm

Fintech 31% · AI 18% · healthtech 11% of funding · KSA overtook UAE for deal count for the first time.

What this means for your bookevery indicator mapped to holdings, pipeline and theses — each link opens the affected model

Sources: CBUAE · SAMA · CBE · IMF WEO · GASTAT · FCSC · S&P Global PMI · ICE · MAGNiTT. Refreshed on each official release; impact mapping recomputes the affected models, never from the indicator alone.

SAMA −25 bps → Tamweel’s working-capital lending margin +30 bps on the final model; runway unchanged.Tamweel Pay · pipeline · −$0.3mmhigh MENA VC +14% QoQ, Series B medians +12% → Barq’s Series B window (Oct ’27) looks earlier and larger; stress-test gap narrows ~1 month.Barq Mobility · holding · stress testmedium EGP −7% YoY → Rihla’s Egypt net worth −$0.3mm in USD terms at current mix; hedging not in place.Rihla · holding · watch-list raisedhigh Non-oil PMI 54.2, KSA GDP +4.4% → SME demand backdrop supports Tamweel’s volume assumptions; no change to the AI adjustments.Tamweel Pay · comparable serieshigh Brent −2% → sovereign AI budgets are oil-funded; a sustained <$75 tests the Sovereign AI theme and Noor’s GPU-capacity customer.Noor AI · holding · Sectors & themesmedium Series A pre-money $34mm vs Tamweel at $52mm — 53% premium; justified by traction percentile, not noted in the IC memo.Tamweel Pay · memohigh