​GULF WEEKLY: PMIs expand, Beirut port explosion, Jabri alleges Saudi assassination plan

GULF COUNTRIES - Report 07 Aug 2020 by Rory Fyfe and Justin Alexander

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

* PMIs expanded in Saudi and UAE and showed a very strong rebound in Qatar.
* Oil strengthened, despite the OPEC+ taper, as Iraq recommitted to compensatory cuts.
* A former Saudi intelligence officer claimed MBS had sent a hit squad to kill him in Canada.
* There was renewed focus on US arms sales to Saudi and concerns about a possible Saudi nuclear weapons program.
* Kuwaiti MPs filed a no-confidence motion on the finance minister over fiscal reform proposals.
* The Lebanon port explosion was devastating but won’t make major Gulf support more likely.
* The US appointed hardliner Elliott Abrams as its new Iran envoy, making negotiations unlikely, at a time when it is pushing for an extension of the UN arms embargo.

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