The delay to Egypt’s IMF review is not too concerning for the country’s balance of payments, but it underscores the difficulty of successfully achieving the goals of the privatisation drive. Elsewhere, OPEC+ moved a bit more aggressively in raising oil output at this week’s meeting: the UAE is likely to be the main beneficiary. Finally, Saudi Arabia is set to open up its domestic real estate market to foreigners in a further effort to attract foreign talent but also investment inflows.
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