Frictions of the last few years between Turkey on one hand and Saudi Arabia and the UAE on the other will come to a head in 2021. The rivalry has already begun shaping regional geopolitics and various tactics to disrupt business operations will increase tensions across the region and beyond.

Crown Prince Mohammed bin Salman (MbS) may have to swallow a few bitter pills in 2021 to make nice with the new US administration, but both he and President-elect Joe Biden will likely keep the relationship afloat. Although, there is the possibility of the relationship deteriorating.

The main concern for investors interested in Iran in 2021 will be whether US sanctions will be lifted to an extent which allows business operations at large. A change of leadership in both countries will mean a likely return to negotiations around the nuclear deal.