​Gulf weekly: Kuwait’s government resigns and Aramco downsizes IPO

GULF COUNTRIES - Report 18 Nov 2019 by Rory Fyfe and Justin Alexander

The Gulf Weekly is intended as a skimmable summary of key developments, overlaid with our analysis and links to further information. Key headlines include:
* Aramco has scaled back its IPO to 1.5% at a $1.6-1.7trn on weak foreign demand.
* Kuwait’s government resigned, amidst signs of a rift between royals.
* In an apparent thaw in the Qatar boycott, Saudi, UAE & Bahrain agreed to play football in Doha.
* Fitch affirmed Bahrain at BB-.
* Lebanese banks remain closed and a possible consensus prime minister withdrew.
* Protests are underway in Iran following sanctions-induced fuel price hikes.

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