Algosaibi deal, Egypt and COVID, UAE Projects of the 50

One of Saudi Arabia’s largest conglomerates, the Algosaibi group, is on the cusp of securing a debt restructuring agreement with its creditors, a sign that recent reforms are helping to speed up bankruptcies. Elsewhere, Egypt’s COVID-19 situation has deteriorated recently and the government looks set to tighten restrictions, which will weigh on the economic recovery. And finally, the UAE's government launched the “Projects of the 50” programme this week that aims to further cement the Emirate's advantage over the rest of the Gulf.
James Swanston Middle East and North Africa Economist
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