​Gulf weekly: Coronavirus hurts oil, Houthis strike Saudi, Trump releases peace plan

GULF COUNTRIES - Report 31 Jan 2020 by Rory Fyfe and Justin Alexander

The weekly is a skimmable summary of key developments by country, overlaid with our analysis and links to further information. Headlines include:

* The OPEC+ meeting may be brought forward as oil falls to $56 on coronavirus concerns.
* Gulf states gave a muted response to Trump’s Middle East peace plan.
* Houthi rebels in Yemen have resumed missile attacks on Saudi Arabia.
* Qatar’s change in prime minister does not signal changes in policy.
* The IMF warned about Kuwait’s lack of fiscal consolidation and eroding buffers.
* Bahrain waived the VAT on utility fees.
* Lebanon passed its budget and sought to reassure banks and depositors.
* Jordan reached agreement on a $1.3bn IMF program.
* Political turmoil continued in Libya, Iraq and Tunisia.

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