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Saudi Arabia real estate, Gulf deposits in Egypt

Saudi Arabia’s mortgage market continues to struggle and, together with increased residential real estate supply in the Kingdom, is likely to keep property prices subdued for some time. Elsewhere, there is speculation that the Gulf states will increase their deposits at the Central Bank of Egypt to support the economy amid its crisis. Not only does this show Egypt’s dependence on its wealthy neighbours, but it could be a sign that a shift in policy toward the pound is coming after the presidential election.

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