GULF WEEKLY: Aramco bond, UAE OPEC exit rumors, Trump considered an Iran strike

GULF COUNTRIES - Report 20 Nov 2020 by Rory Fyfe and Justin Alexander

A skimmable summary of key developments overlaid with our analysis and links to further information. Headlines include:

* OPEC+ is musing a 3-6 month taper delay, and there are rumors the UAE will quit (it won’t...yet).
* Trump considered a strike on Iran, while Zarif urged Biden not to wait until June to lift sanctions.
* Aramco issued $8bn, including the first 50-year Saudi bond, but priced above the sovereign.
* Saudi is considering a Yemen ceasefire as the war looks increasingly unwinnable.
* The UAE extended its TESS stimulus for another six months.
* Qatar’s fiscal consolidation continued in Q3, and its deficit for Jan-Sep was just -1% of GDP.
* Oman is seeking a $1bn loan to refinance one that matures in January.
* Expat worker numbers in Oman are down -17% y/y.
* Bahrain’s parliament is pushing for a larger contribution to the budget from Mumtalakat.
* A 29-year truce in Western Sahara between Morocco and Polisario broke down.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.