Egypt’s upcoming election in December has led to policy paralysis, particularly around the exchange rate. The currency swap line opened with the UAE this week appears aimed at bolstering resources to prop up the pound until the vote – although we still expect a devaluation afterwards. Meanwhile, the UAE’s aggressive plans to raise oil output to 5mn bpd by 2027 could create tensions within OPEC+ given the group’s continued cautious approach to oil policy. Finally, we published a Focus taking a closer look at Saudi Arabia’s improving labour market and the impact of social reforms, in particular how rising female labour force participation is changing the shape of the workforce.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services