The surge in Saudi interbank rates in recent weeks could cause credit growth to slow more quickly than we currently expect. Elsewhere, reports point to growing discontent in the UAE with Saudi Arabia’s oil policy moves. If this persists, it will raise questions over the UAE’s continued membership of OPEC+. And finally, the COP27 climate summit will kick off in Sharm El-Sheikh, Egypt, this weekend and you can now see more detailed analysis on our newly-launched Climate Economics service.
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