A report from the Saudi statistics office this week provided further evidence that women are playing a greater role in the economy – one area where the Vision 2030 reforms have had significant success. But efforts to diversify the economy away from oil are struggling. Non-oil goods exports struggled in Q2, pointing to a widening of the current account deficit. Elsewhere, tensions between Tunisia’s main labour union and the government intensified, raising the risk of strikes that weigh on activity, including in key export sectors (notably phosphates).
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