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The UAE suffered significant economic shocks over the course of 2015, and now faces low oil prices, accompanying fiscal deficits, rising populations, terrorist threats and sectarian schism.
Shortly after the execution of a Shia cleric by Saudi authorities on 2 January, angry protesters attacked the Kingdom’s embassy in Tehran and consulate in Mashhad, with Saudi breaking diplomatic relations the next day. As this stymies Rouhani’s efforts to open Iran to foreign investors, it begs the question of whether a domestic power struggle may be the real motive behind the attack.
After the military seized the state, there is a strategy of protectionism for military patronage – highlighted in the case of it undermining Arabtec’s housing plan