One of Saudi Arabia’s largest conglomerates, the Algosaibi group, is on the cusp of securing a debt restructuring agreement with its creditors, a sign that recent reforms are helping to speed up bankruptcies. Elsewhere, Egypt’s COVID-19 situation has deteriorated recently and the government looks set to tighten restrictions, which will weigh on the economic recovery. And finally, the UAE's government launched the “Projects of the 50” programme this week that aims to further cement the Emirate's advantage over the rest of the Gulf.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.