Reports over the past week suggest that, despite the boost to the public finances from high oil prices, Oman’s government is sticking to fiscal tightening with the likely introduction of a personal income tax in 2023. Elsewhere, President Al-Sisi outlined fresh details of Egypt’s privatisation drive with plans to list some military-owned firms on the local stock market. But, on past form at least, privatisation drives have floundered and it is not clear whether this time will be any different.
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