Iran-US: No war, no peace - June MENA Monthly now available

  • Following completion of its IMF programme, Egypt needs progress on improving access to finance, better management of state-owned enterprises and integrating the informal economy.
  • Despite aid from the GCC, we expect Bahrain to face fiscal implementation constraints, particularly the delicate socio-political situation that limits options for a more structural fiscal adjustment.
  • Lebanon’s 2019 budget includes quick-fix measures in the form of higher taxes while key structural reforms that could have generated higher revenue are missing.
  • China’s East Hope Group is considering investing USD 10B in Khalifa Industrial Zone Abu Dhabi (Kizad) in the UAE, becoming the latest Chinese private-held conglomerates to venture into MENA.

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