Saudi Arabia’s “Programme HQ”, unveiled this week, aims to entice more foreign firms to the Kingdom, but the plan is ambiguous in many areas and does not support some of the government’s key economic objectives. Meanwhile, signs that Saudi Arabia will reverse its voluntary oil output cut from April add to reasons to think further austerity is unlikely. Elsewhere, Morocco’s vaccination programme has gathered pace this week and suggests that restrictions could start to be lifted in Q2, allowing for a more rapid recovery.
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