Two weeks on from Donald Trump’s victory in the US Presidential election and we’re starting to get a sense of the likely shape and priorities of his administration. The inherent contradictions in Mr. Trump’s foreign policy make it difficult to decipher what his presidency will mean for politics in the Middle East but the potential economic impact on the region is becoming clearer. The short-term effect on oil prices is likely to be limited but more aggressive rate hikes from the Fed would transmit to the Gulf via dollar pegs and add to the headwinds the region is already facing from fiscal austerity.
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