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• Kuwait is a reasonably attractive destination for innovative medicine launches, yet regulatory deficiencies limit its appeal to any meaningful investment.
• The domestic pharmaceutical industry is well-placed to attract greater investment.
• The majority of medicines will remain sourced from abroad from multinational drugmakers.

Forecasts:

Drug

The UK government's White Paper on its proposed future relationship with the EU should bring reassurances for the Autos sector on key issues such as free trade and type approvals. This should ensure no major shocks to the UK market through inventory disruption and we have maintained our forecasts for now.

The Latest: The UK government has

Key View: The re-imposition of US nuclear-related sanctions will substantially weaken Iran's economy, and further fuel popular discontent inside the Islamic Republic. That said, with longstanding partners such as China and Russia maintaining engagement, a severe, multi-year depression and resultant political destabilisation appear unlikely to occur

Key View:

• Stricter environmental regulations in China will weigh on manufacturers of active pharmaceutical ingredients.
• Chinese API manufacturers will be confronted with new environmental and regulatory restrictions due to their history of poor waste processing and disposal.
• The tougher pollution curbing measures will in turn pose risks to

Key View:

• Although recent months have seen significant progress in peace negotiations between the ruling Frelimo party and opposition group, Renamo, there is still a risk of progress stalling, or even a breakdown in peace talks.
• The timeline for disarmament remains a hotly contested topic. For example, as of late June, Frelimo is refusing to

Key View:

• Real GDP growth will accelerate in Mexico in 2018 and 2019, driven by manufacturing and service sector growth.
• In 2019 and 2020, we expect a further uptick in growth, fuelled by growth in the primary sector and increased public spending under the administration of leftist populist Andres Manuel Lopez Obrador (AMLO).
• However

This quarter, we maintain our forecast for 3.3% growth in new vehicle sales across 2018, with commercial vehicle (CV) sales (3.9%) set to outperform passenger vehicle (PV) sales (3.0%).

• Following another year of double-digit declines for new vehicle sales in 2017, we adopt a cautiously positive view on the Omani market in 2018.
• We

The implementation of the International Maritime Organization (IMO)'s cap on sulphur content in marine fuels will prove majorly disruptive globally. Below we explore key implications for the oil and shipping sectors. 

The implementation of the IMO’s 2020 sulphur cap (IMO 2020) will accelerate efforts to curb maritime air pollution. However, it

Key View:

• In a bid to expand its portfolio, ride-hailing app Grab is partnering with HappyFresh to enter the online grocery delivery service market in South East Asia via Indonesia, Malaysia and Thailand.
• This strategic move would allow Grab to become an "everyday app", used by consumers for different needs and throughout the day, while also

China is set to lead the way on rail projects over coming years, dominating the global project pipeline in terms of both the value and the number of projects. While China is the major hub of rail sector activity, a mix of both developed and emerging markets including the US, India and Australia will offer substantial investment opportunities