Gulf weekly: Iran counterstrike, Kuwait and Bahrain GDP data

GULF COUNTRIES - Report 10 Jan 2020 by Justin Alexander

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

* Iran’s limited counterstrike on US forces in Iraq seemed to be a signal of de-escalation.
* Iraq’s parliament voted to expel US troops.
* MBS’s brother met Trump, and Qatar’s emir called Iran in efforts to encourage restraint.
* Kuwait agreed to import 3m t/yr of LNG from Qatar until 2035.
* Kuwait’s Q3 GDP growth slowed to 0.4%, including continued non-oil weakness.
* Bahrain’s Q3 GDP picked up to 1.6%, boosted by aluminium production and tourism.
* Abu Dhabi boosts pensions by 20%, with backdated costs of over $10bn.
* Bahrain’s prime minister is receiving medical treatment in Germany.

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