MIDDLE EAST & NORTH AFRICA REGIONAL BULLETIN - JULY 2017
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For this quarterly bulletin, we have (perhaps unsurprisingly) focused on the diplomatic crisis unfolding in the Gulf. The dispute between Qatar and its neighbours has meant the last few weeks have been a busy time for the Middle East and North Africa team at S-RM. Many of our clients have exposure across both Qatar and Saudi Arabia or the UAE, and are justifiably concerned about what the dispute means for their regional interests.
In our feature piece, Ezra Cohen examines how the crisis has unfolded, and the dynamics underpinning it. Although the measures taken by Saudi Arabia, the UAE and Bahrain – border closures, travel bans and new terror watchlists - have clearly taken Qatar by surprise, we believe that Qatar has the resources to withstand the current status quo for at least a while longer. Nonetheless, Qatar is likely to make some concessions by backing down from its more activist foreign policy positions, rather than sacrifice the integrity of flagship brands such as Al Jazeera and Qatar Airways.
Elsewhere in the region, our news in brief covers significant events such as recent civil unrest targeting energy projects in Tunisia, and the long-awaited approval of a new election law for Lebanon, which offers the possibility of greater political stability.
We hope you enjoy the Middle East and North Africa edition of our regular region-specific bulletins. For further information about S-RM and our services, please don’t hesitate to get in touch.
With best regards,