Will the Iranian regime lose ground as Rouhani loses sway?

Arabia Monitor Monthly

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

Highlights include:

  • Saudi Arabia is on track to reduce its budget deficit to 7% of GDP or less this year from 8.6% in 2017 if oil prices remain at the current average for the rest of 2018.
  • The newly imposed US sanctions on Iran are heating things up domestically for President Hassan Rouhani and his ministers while oil exports are expected to take a hit.
  • In Tunisia, resistance to recently proposed social reforms by President Beji Caid Essebsi adds fuel to the secularist versus Islamist divide, which is likely to intensify as the election approaches.
  • A key deal to watch out for during President Abdel Fattah el-Sisi’s visit to China in September is the renewal of the currency swap agreement worth USD 2.6B with Egypt.

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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