ME/NAF
Egypt readies to reduce subsidies
The government intends to move ahead with raising the price of bread, an issue long considered politically sensitive
EgyptTurkey’s tourism will rely on the European mass market
Turkey will focus on attracting Asian visitors and high-value European tourists but will still rely on its mass market
TurkeyHuthi goodwill gestures will be symbolic
The Huthis released more than 100 prisoners as a humanitarian initiative
YemenIran’s foreign and nuclear policies will be unaltered
The deaths of the president and foreign minister will stall nuclear talks, while foreign policy will not change
IranRisks of Palestinian West Bank instability are rising
The PA's fiscal situation has grown considerably strained
PalestiniansTurkey’s interest rates could ease by year end
Falling prices in the second half of 2024 could mean interest rate cuts are feasible by year-end
TurkeyGaza will deepen US-Gulf air and naval ties
The axis of resistance's drone and missile capabilities is reinforcing a drive to build Gulf defences
Gulf statesLebanese politics will inhibit IMF-sought reforms
A much-needed IMF support package will be held up by political paralysis and security concerns
Lebanon
