A bill approved by the US House of Representatives this week that seeks to impose sanctions on Saudi Arabia has created headlines, but it is unlikely to result in aggressive action against the Kingdom. Meanwhile, Saudis will now be able to shop 24 hours a day although this won’t prevent a fresh slowdown in consumer spending. Elsewhere, the conclusion of Egypt’s IMF deal is likely to result in structural reforms falling by the wayside. And it looks like the Fund will demand that Tunisia’s government tighten policy once elections later this year are out of the way.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.