Though Iran’s reformist leader secured an emphatic re-election victory, the country’s investment prospects remain bleak.
The economic slowdown and currency depreciations have added stress to many of the region’s already overburdened, highly-dollarised financial sectors.
Ebrahim Raisi has emerged as a strong conservative contender who can take advantage of disappointment with the meagre dividends from the end of sanctions.
Emerging market stocks have been hit harder than it appears by the election of President Donald Trump.
If the stimulus plan works then the presidential succession should be smooth and Kazakhstan will be a positive role model for the CIS-Eurasia region.