N. Africa gas deals, Gulf tightening, Lebanon and the IMF

Europe’s plans to wean itself off Russian gas could benefit producers in North Africa – and Egypt in particular. Elsewhere, stronger inflation in MENA and rate hikes by the Federal Reserve have prompted central banks across the region to embark on tightening cycles, which will add to economic headwinds. And finally, the news in Lebanon that none of the pre-conditions for receiving IMF funding will be passed until after next month’s general election has poured cold water on hopes for financial support for the country.