OPEC+ is set to continue with its existing oil output quotas next week, although this means that oil sectors will act as a drag on the Gulf economies over the early part of 2023. Elsewhere, Egypt is the latest country in the region where the debate about moving away from use of the dollar in international trade has surfaced. Meanwhile, plans outlined by Egypt’s education minister this week would be a positive step towards overhauling the education system but reforms in many other areas are still needed to boost the country’s long-term outlook.
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