Egypt’s domestic vaccine production has got underway, but the country has a very long way to go before it can lift virus-related restrictions on a sustained basis. Egypt and Bahrain were added to the UK’s travel red list, adding to our view that recoveries in tourism sectors in the region will be sluggish. Finally, recent comments from US Secretary of State Antony Blinken have reduced hopes that Iran’s nuclear deal can be revived soon.
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