Middle East Key Analysis

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IRR: Gradual Appreciation In 2014

We expect the Iranian rial to trade around current levels in the unregulated (black) market over the next three months. The currency was trading at IRR30,480/USD in street market transactions on...

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Succession Risks Allayed For Now

The binding appointment of 70-year Prince Muqrin bin Abdulaziz as second in line to Saudi Arabia's throne resolves the critical issue of succession for the time being. The stage is now set for a...

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