It’s a scorcher in parts of MENA

Arabia Monitor Monthly
Iraq

Florence Eid-Oakden, Ph.D, Chief Economist
Robin Mills, Energy Analyst
Charlene Rahall, Mingqiao Zhao, Analysts 

Highlights include:

  • We expect 2018 growth in Saudi Arabia to be closer to the government forecast (2.7%) and possibly higher, versus the IMF’s 1.9%, due to higher oil output in 2H.
  • Legalising cannabis cultivation and exports in Lebanon is expected to face a complex web of competing interests and stiff opposition from Hezbollah, for whom the Bekaa is a base of support and operations.
  • Demonstrations in Morocco’s Rif may continue but we do not expect the protests to gain further strength given they have already weakened since June 2017 and over 60% of its activists have been arrested.
  • President Xi Jinping outlined for the first time China’s approach to collaborating with Arab states and pledged USD 20B in loans and over USD 100M in financial aid.

Arabia Monitor’s MENA Monthly publication provides a timely snapshot of most notable recent developments in the dynamic MENA region. Our analysts get past the news to deliver the core, forward looking conclusions that markets-oriented readers look for.

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