This month’s OPEC+ meeting passed without much fanfare as the recent rebound in oil prices prompted the group to push ahead with raising oil output, which will help to lift the Gulf economies further. Meanwhile, the further fall in virus cases in the UAE in recent weeks has prompted officials to ease restrictions as the start of the World Expo nears, but the past week has also brought a reminder that Dubai’s troubles with its large corporate debts are far from over.
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